Drone Manufacturing Company Aheadx Raises $2M from AV Capital

Aheadx, a Beijing-based consumer drone manufacturing startup which was founded in 2014 has just raised a seed round of $2 million from Shenzhen- and Beijing-based VC firm AV Capital.

The company produces a varied range of consumer drones for hobbyists and photographers. The latest model is  called the TransDrone A4 which is named after its ability to fold up into something the size of an A4 piece of paper.

The company is currently taking pre-orders for its drone via JD.com’s crowdfunding platform.

The biggest asset of the company is its team which comprises of graduates of Beihang University, widely recognized as China’s finest research institution for aviation and aeronautics technology, and upholds  a collective ten years of drone research experience.

The startup is doing evidently great in the market and stands as a competition to DJI which raised a $75 million round just a few months ago and is now valued at $10 billion.

At present, Aheadx’s biggest drawcard is its pricing structure which is cheaper than any of DJI’s products. At least for the duration of its crowdfunding campaign, which will come to a close next month, the TransDrone A4 is available for just $434 or $482 with a camera included. The A4 may not be at par with all the features of DJI’s but the lower price could still make it of interest to hobbyists who want to get into drone filming without having to shell out a fortune, reports TechInAsia.

The market for drones may of course be at its embryonic stage as of now, but one can not deny the fact that the age of drones is not very far ‘Ahead(x)’.