K
Kathleen Martin
Guest
Before the middle of this century when you're looking up and airplane passengers are looking down scooting across the sky are likely to be crowds of unmanned aircraft in what could become low altitude traffic jams.
With that in mind, Japanese drone and air mobility technology company Terra Drone Corp. announced Tuesday it has raised $70 million (8 billion Japanese yen) in Series B funding as use of unmanned aircraft is poised to sharply proliferate in the next two decades.
With a total of $83 million raised since its 2016 start the Tokyo-based company not only plans to expand its drone-based aerial inspection business and open operations in the U.S. this year, but accelerate development of an air traffic control system for unmanned aircraft known as Unmanned Traffic Management or UTM.
“In the coming drone and air mobility-based society there's no infrastructure in the sky so that's what we are making, developing with the government,” Terra Drone COO Teppei Seki told Forbes.com in an interview.
Terra Drone has been working with the Japan Aerospace Exploration Agency (JAXA) to coordinate flight management of both crewed and uncrewed aircraft.
In announcing this latest round of funding, Terra Drone founder and CEO Toru Tokushige, stressed the growing urgency for development and adoption of UTM.
Continue reading: https://www.forbes.com/sites/edgarsten/2022/03/22/terra-drone-wins-major-new-investments-to-develop-air-traffic-control-system-for-unmanned-aircraft-expansion/?sh=3e18c5702a11
With that in mind, Japanese drone and air mobility technology company Terra Drone Corp. announced Tuesday it has raised $70 million (8 billion Japanese yen) in Series B funding as use of unmanned aircraft is poised to sharply proliferate in the next two decades.
With a total of $83 million raised since its 2016 start the Tokyo-based company not only plans to expand its drone-based aerial inspection business and open operations in the U.S. this year, but accelerate development of an air traffic control system for unmanned aircraft known as Unmanned Traffic Management or UTM.
“In the coming drone and air mobility-based society there's no infrastructure in the sky so that's what we are making, developing with the government,” Terra Drone COO Teppei Seki told Forbes.com in an interview.
Terra Drone has been working with the Japan Aerospace Exploration Agency (JAXA) to coordinate flight management of both crewed and uncrewed aircraft.
In announcing this latest round of funding, Terra Drone founder and CEO Toru Tokushige, stressed the growing urgency for development and adoption of UTM.
Continue reading: https://www.forbes.com/sites/edgarsten/2022/03/22/terra-drone-wins-major-new-investments-to-develop-air-traffic-control-system-for-unmanned-aircraft-expansion/?sh=3e18c5702a11
