Notice of Capital Increase through Third Party Allotment and Appointment of Kotaro Chiba as Outside Director

October 1, 2020
Press Release
From the left, Mr. Kotaro Chiba, an outside director, Mr Masakazu Kono, PRODRONE CEO

PRODRONE Co., Ltd. – Nagoya, JAPAN, announced today that it has completed a third-party allocation of new shares to DRONE FUND Inc.’s No. 2 fund (official name: Chiba Dojo Drone Fund II Investment Limited Partnership) and has welcomed Mr. Kotaro Chiba, founder and representative partner of DRONE FUND, as an outside director to strengthen its management structure.
Under the new management structure, PRODRONE will further promote the social implementation of drones and the company’s business growth.

Mr. Kotaro Chiba, founder and representative partner of DRONE FUND, an outside director of PRODRONE

The drone industry today is entering a very important period for the full-scale implementation of drones in society, and DRONE FUND has highly valued PRODRONE as a player that has been at the forefront of technology and UAV development since the early days of the drone industry in Japan. The DRONE FUND will continue to support PRODRONE in its efforts to realize a “drone and air-mobility based Society”.

Mr Masakazu Kono, PRODRONE CEO 

DRONE FUND has been supporting us as a shareholder of our company since 2018 in a variety of ways, and we would like to express our sincere gratitude to DRONE FUND for the additional investment and further strengthening of our relationship. We will continue to accelerate our technological development and business development to achieve our goal of “becoming the world’s leading industrial drone system manufacturer and changing the world”.

DRONE FUND’s first fund was established by Kotaro Chiba and Soki Ohmae in June 2017 as a venture capital specializing in drone-related startups. Today, both 1st and 2nd funds have invested in more than 40 startups in total around the world to further realize the Drone and Air Mobility-based Society.

PRODRONE Co., Ltd. is a B2B company with the purpose of “changing the world by becoming the world’s leading industrial drone system manufacturer”. PRODRONE provide a one-stop shop for many companies entering the industrial drone market for research consulting, aircraft development, control software development, service application development and mass production.

■Press Inquiries
Contact: Mr. Takeshima, PRODRONE CFO

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