China's United Aircraft bags over $167m in extended Series D round

China's United Aircraft bags over $167m in extended Series D round

Photo by Eric Prouzet on Unsplash.

United Aircraft Group, which is involved in the R&D and production of unmanned aerial vehicles (UAV), has secured 1.2 billion yuan ($167.1 million) in an extended Series D round, led by Longjiang Fund, a state-owned investment vehicle set up by the government of northernmost Heilongjiang province. 

Edited by: Padma Priya