Ag spray drone co Hylio raises $2m to expand production capacity

Texas-based Hylio has successfully raised $2 million through equity crowdfunding on StartEngine. This funding will support the expansion of its production facility, aiming to produce over 5,000 drones annually. The investment is significant as it positions Hylio to compete against established players like DJI in the agricultural drone market.

Original excerpt: Hylio has raised $2 million on equity crowdfunding platform StartEngine to expand production at a new facility capable of producing 5,000-plus drones a year…

Source: AgFunderNews