IKINGTEC Completes RMB 500 Million in D-round Financing

On May 8th, IKINGTEC announced its 500 - million yuan D-round financing, which was invested by Liangxi Science and Technology Innovation Fund (managed by Bova Capital). These funds will be used for the R&D, mass production and release of multiple new products to achieve full market coverage. The company will thoroughly implement the “machine manufacturing machine” strategy of unmanned aircraft and their fully automatic airports. It will also realize the automated manufacturing of a set of “Sheng” unmanned aircraft and “Bao Lian Deng” fully automatic airports within 15 minutes, completing the “machine training machine” AI Wukong brain computing power layout. 

IKINGTEC is entitled as a national-level Little Giant company engaging in specialized, high-end and innovation-driven production activities with “low-altitude + artificial intelligence” as its core. The company started its business in Beijing and developed in TEDA, where it has built a complete closed-loop industrial chain including R&D, production, quality inspection and testing. In 2017, it globally pioneered the concept of “industrial unmanned aircraft and their fully automatic airports” and achieved mass production. It has been successively accredited as a National Industrial Design Center and National Intellectual Property Advantage Enterprise, and has won multiple awards like the first prize of Tianjin Science and Technology Progress Award, and the RedDot Design Award. It has participated in the formulation of multiple national standards and applied for more than 600 types of intellectual properties.