Phoenix-Wings, Subsidiary of SF Express, Receives Hundreds of Millions of Yuan in Round A Financing

Phoenix-Wings, Subsidiary of SF Express, Receives Hundreds of Millions of Yuan in Round A Financing

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( Source: Phoenix-Wings)

On Wednesday, Phoenix-Wings, a freight drone business owned by SF Express, revealed that it had actually finished an A round of funding for numerous hundred million yuan, led by tactical financiers and followed by CR Capital Management, COFCO Capital, Tianqi Capital, Country Garden Venture Capital and Everest Venture Capital.

After the conclusion of this funding round, SF Express stays the managing investor of Phoenix-Wings. The fresh funds will be utilized for innovative innovation research study of freight drones, checking out of brand-new circumstances and worldwide growth.

As an extensive business with independent R&D, screening, production and operation abilities, Phoenix-Wings is devoted to bringing unmanned aerial automobile (UAV) innovation into the logistics market. It has totally independent copyright rights, and has actually made an application for almost 400 patents.

SEE ALSO: SF Express’ Intra-City Subsidiary Passes HKEx Listing Hearing

In current years, Phoenix-Wings, counting on assistance from the Civil Aviation Administration of China, city governments and military and civil air travel regulative systems at all levels, has actually actively used UAVs in city neighborhoods, backwoods and for emergency situation assistance. Approximately 2021, Phoenix-Wings’ UAVs have actually been securely run almost one million times, covering lots of complicated settings such as plains, plateaus, mountainous locations, cities and islands.

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