Passenger Drone Firm Ehang Publicizes IPO

EHang Passenger Drone

Courtesy of EHang

China-based EHang, the passenger drone firm that went public final yr, has introduced first quarter outcomes.  Regardless of the worldwide pandemic, EHang confirmed yr over yr income development.  The corporate can also be broadening it’s functions: along with emergency response operations revealed within the present disaster, EHang just lately obtained certification from the Chinese language authorities for cargo supply trials.

EHang (NASDAQ:EH) Passenger Drone Firm First Quarter 2020 OutcomesEHang introduced that complete revenues in Q1 2020 had been RMB18.eight million (US$2.7 million), a rise of 80.three% yr over yr. Revenues from air mobility options had been RMB15.1 million (US$2.1 million), 80.four% of the overall revenues and up 256.zero% yr over yr.  Maybe most significantly, the corporate introduced that gross sales of the EHang 216, the world’s first commercially-delivered passenger-grade AAV, reached 9 items, a rise of 200% from three items within the first quarter of 2019.    Whereas 9 items doesn’t but signify an enormous market, it does point out that EHang has moved properly past idea to performing trials world wide, a sign that passenger drones are on the cusp of wider adoption.

Among the many enterprise highlights listed within the report had been a number of necessary benchmarks for EHang’s passenger drones:

In January 2020, EHang achieved a brand new landmark, conducting the first-ever flight in the US of a passenger-grade AAV. The EHang 216 flight was carried out within the state of North Carolina, which is thought in aviation historical past for the Wright Brothers preliminary flight there a century in the past. EHang’s AAV flight was underpinned by allow and different assist from the North Carolina Division of Transportation (NCDOT) and the U.S. Federal Aviation Administration (FAA).
In February 2020, EHang 216 obtained the primary operational allow in Europe for flight testing of an AAV from the Civil Aviation Authority of Norway, laying a strong basis for future UAM operations in different European nations.  Furthering its penetration in Europe, in March 2020 EHang established partnerships for UAM with town governments of Seville and Llíria in Spain.  Each cities are members of the “UAM Initiative Cities Neighborhood”, one of many European Union’s EIP-SCC (European Innovation Partnership on Good Cities and Communities) initiatives, which was established to advertise the transformation of city three-dimensional transportation.
Throughout the outbreak of COVID-19, EHang pursued alternatives in medical emergency response. Each the EHang 216 passenger-grade AAVs and the Falcon B non-passenger-grade AAVs demonstrated quite a few helpful functions, similar to transport of medical provides and personnel, in addition to in-air inspection and broadcast of directions above populated areas in a number of cities of China, together with Guangzhou, Shaoguan and Hezhou.  These time-and-cost-efficient options created new use instances and market calls for for AAVs in emergency providers.

Cargo Drone Functions

They are saying that in younger industries you need to hold your sneakers on,  and EHang has actually confirmed to be nimble.  Ehang has pivoted a number of instances: from client drone producer, to drone taxi supplier, and now in the direction of drone cargo supply service.

Simply this week, Ehang was granted permission from the Chinese language authorities to hold out industrial pilot operations.  EHang  officers say this makes the Chinese language startup “the world’s first [autonomous aerial vehicle] firm permitted by a nationwide aviation authority to hold out industrial pilot operation for the class of 330-pound-plus air logistics makes use of.”

China’s Civil Aviation Administration granted the approval primarily based on protocols handed in February 2019. “With this approval, trial air logistics service utilizing the EHang 216 could be carried out to move cargo between floor and hilltop and between shore and islands at a buyer web site in Taizhou,” an EHang official stated. “It is usually supposed to be step by step expanded to different websites in China because it accumulates operational information and expertise.”

 

 

 

 

 

EHang Passenger Drone Firm Q1 Income, Cargo Supply Trials 2

CEO DroneLife.com, DroneRacingLife.com, and CMO of Jobfordrones.com. Precept at Spalding Barker Methods. Has loved working with and across the industrial drone trade for the final 10 years.   Attendance and speaker at Business Occasions similar to Industrial UAV, InterGeo, Interdrone and others.   Proud father of two. Enjoys karate, Sherlock Holmes, and fascinating issues.  Subscribe to all issues drone at DroneLife right here. E-mail is [email protected]   Make Positive that you just WhiteList us in your e mail to be sure to get our E-newsletter.  [email protected]


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