Aeronavics, a New Zealand-based designer and manufacturer of UAVs, has achieved New Zealand’s largest ever equity crowdfunding result.
The company is seeking public funding to permit investment in ‘ongoing R&D, tooling and production line equipment, personnel and working capital’.
Its crowdfunding equity offer launched on 13 February, and the company set a target of between US$557,000 and $1.1 million. Aeronavics announced that it reached its initial target within just three days, and with 191 investors to date, it is ‘well on track to hit our maximum funding cap’.
Money will be used to tool and market its new turn-key
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