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November 1, 2019 03:29 pm

Autonomous flying taxi startup Ehang files $100 million initial public offering





Ehang, a Chinese company that builds drones large enough to carry human passengers, filed paperwork with the US Securities and Exchange Commission to go public on Nasdaq with a $100 million offering of depository shares. The company, which has flown thousands of test flights over the years, is preparing to launch what it hopes is the world’s first autonomous air taxi service in the coming months.


The company’s primary vehicle is the two-seater, 16-rotor Ehang 216, which is based on the previous generation Ehang 184, but with eight arms instead of four. This allows the vehicle to seat two passengers instead of just one. The 216 was first announced in February 2018, after which time the company demonstrated both piloted and autonomous...



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Original Link: https://www.theverge.com/2019/11/1/20943407/ehang-flying-taxi-drone-ipo-initial-offering-100-million

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