Chernovetskyi Investment Group (CIG) has reached an agreement on investment into Kray Technologies company, which manufactures Kray Protection industrial robotic cargo UAVs (drones) for spraying with plant protection products and regulators of crop yield growth, according to an article on sUAS.com. The company does not disclose the amount of investments, but it is known that three investors participated in the current round of financing.
Kray has developed its own drone for application of fertilizers, which is equipped with various sensors, for example, radar for dynamic definition of a relief, camera, GPS, etc. A software package was also developed for automatic control of drones.
“Agrarian business is one of the key areas for CIG investments. As with food tech, we believe in huge potential of the Ukrainian market. Now, Kray assembles drones in Kyiv ordered by the American farmers. However, Ukrainian companies are also considering the advantages of UAVs. We expect that mass production of drones will start in the spring of 2018”, said Vladimir Krivko, Managing Partner of CIG.