Ehang Will Have an IPO Before Its Autonomous Flying Service is Launched
Daniel Johnson — November 4, 2019 — Business
Ehang is an autonomous flying company that is based out of China that was originally launched in 2014, and it will soon have an initial public offering. To begin its move to become a publicly-traded company, it filed documents with US securities and Exchange Commission to offer $100 million of shares.
Ehang is looking to create the first-ever autonomous flying taxi service using drones. The drone is titled the 'Ehang 216,' and it has 16 different rotors and can fit two people. The company has showcased the Ehang 216's abilities during test flights with autonomous technologies. Recently, the company was approved by the Chinese government to create an autonomous flying service in Guangzhou. The new service will begin initially in a test phase.
Image Credit: Ehang
Ehang is looking to create the first-ever autonomous flying taxi service using drones. The drone is titled the 'Ehang 216,' and it has 16 different rotors and can fit two people. The company has showcased the Ehang 216's abilities during test flights with autonomous technologies. Recently, the company was approved by the Chinese government to create an autonomous flying service in Guangzhou. The new service will begin initially in a test phase.
Image Credit: Ehang
Trend Themes
1. Autonomous Flying Taxis - Ehang is creating the first-ever autonomous flying taxi service using drones, which presents opportunities for the transportation industry to invest in this revolutionary mode of transport.
2. Drone Technology Advancements - Ehang's use of 16 different rotors and autonomous technologies to create their Ehang 216 drone presents opportunities for drone technology advancements in a range of industries.
3. Public Investment in Unmanned Aerial Vehicles (uavs) - Ehang's upcoming initial public offering and offer of $100 million of shares presents opportunities for investment in the expanding unmanned aerial vehicle market.
Industry Implications
1. Transportation - Ehang's autonomous flying taxi service using drones presents disruptive innovation opportunities for the transportation industry.
2. Drone Technology - Ehang's use of advanced drone technology in their Ehang 216 drone presents opportunities for disruptive innovation in a range of industries from delivery to construction.
3. Unmanned Aerial Vehicle Market - Ehang's initial public offering and the offer of $100 million of shares presents investment opportunities for the unmanned aerial vehicle market.
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