Beijing Fengchao Technology, a company specializing in smart agriculture and drones for agricultural applications, has completed its CNY62 million series A round financing, with Tendence Capital leading the investment.
In March 2017, the company already gained pre-A round investments from JD, Gobi Partners, and Yonggang Wuka.
Founded in 2015, Fengchao Technology is a high-tech company that focuses on industrial drone development, systems integration, and industrial application solutions. It concentrates on the application of drones in the agricultural sector.
Fengchao Technology has established an online drone management platform. At the same time, the company cooperates with traditional agriculture channel resources via a franchising model.
Fengchao Technology's self-developed drone base station technology has reportedly passed internal tests and the related product will be launched in 2018.