[1.2 billion] This company has received the largest commercial financing in my country's agricultural science and technology field

guide

yu

READ

SoftBank Vision and Baidu Capital led the investment, this drone manufacturer company received 1.2 billion yuan in financing

On the morning of November 16, Jifei Technology announced the completion of a new round of 1.2 billion yuan financing, which was funded by Baidu Capital He Softbank Vision Fund Phase II led the investment, and Innovation Works, Yuexiu Industrial Fund and Guangzhou Xinxing Fund followed up. The original investors became capital and continued to pursue investment. Huaxing Capital served as the exclusive financial advisor. It is reported that this financing of is currently the largest commercial financing in the field of agricultural science and technology in China.

Jifei Technology was established in 2007 and has six product lines including agricultural drones, agricultural remote sensing drones, agricultural unmanned vehicles, agricultural auxiliary driving equipment, agricultural Internet of Things and smart farm management software, which run through all aspects of agricultural production . At the same time, Jifei is also the world's largest agricultural drone company, with a service area of ​​more than 620 million mu. Z1z

Jifei CEO Peng Bin said that Jifei will use this financing to expand R&D and manufacturing advantages, improve channel service capabilities, accelerate the construction of digital agricultural infrastructure, develop more intelligent agricultural equipment, and develop Jifei’s “unmanned farm” "Improve agricultural production efficiency and ensure national food security .

is the second largest application market after consumer drones. The industry output value of plant protection drones is considered to reach 100 billion yuan. Although the difficulty in profitability of is still common in the industry, and the flying defense group is still facing profit anxiety, it has also become a market for drone manufacturers to enter the game.

On November 9, another drone company, DJI, also released brand new plant protection machines T30 and T10, among which the price of T10 bare metal broke the price limit of DJI plant protection machines. Chen Tao, DJI Agricultural Global Marketing Director, told reporters that the scale of DJI's agricultural plant protection operations reached 500 million mu this year, which was twice that of last year (breaking 100 million mu in 2018 and 200 million mu in 2019).

“Only when the threshold is lowered can more young people, especially young people in rural areas, enter this industry.” Chen Tao said. The reporter from China Business News learned that since the implementation of agricultural land transfer in 2005, the area of ​​land transferred has gradually increased to about 35% of the total area of ​​household contracted farmland. This provides the basis for the fragmented agricultural land use method to move toward a large-scale, intensive, and modern agricultural business model, and also provides a growing market demand for the plant protection drone market.

Peng Bin previously mentioned in an interview with a reporter from China Business News that based on the need for drone operations per mu of arable land five times per year and a charge of 10 yuan each time, the market size is 100 billion yuan. This is also one of the core reasons why Jifei decisively switched the track to the plant protection drone in 2013.

However, most of the plant protection drones on the market before are priced between 30,000 and 300,000 yuan. The purchase cost is not low and promotion is not easy. At the same time, because battery technology has not achieved a substantial breakthrough, plant protection drones are also extremely limited in terms of battery life and load, which also hinders its popularization process.

As one of the investors, Hu Tianhang, managing director of Baidu Capital, said at the financing meeting: Now many cities have started unmanned driving tests. The popularization of similar technologies will help liberate labor and help humans engage in higher value-added industries. . Baidu is also willing to work with Jifei to promote the application and popularization of relevant cutting-edge technologies in rural areas, and jointly create high-efficiency agricultural infrastructure, because this will be the future of agriculture. Dr. Kaifu Li, Chairman and CEO of

Innovation Workshop, said that Jifei Technology provides artificial intelligence-based agricultural technologies and solutions to the world. We believe that Jifei has disrupted the level of agricultural infrastructure and digitalization. We are optimistic about the excellent team of Jifei. Commercial value and social value that can be created.

also invested in the Yuexiu Industrial Fund from Guangdong. Vice President Gan Yinglin said that agriculture is also an important part of the Yuexiu Industrial Fund's future development, especially in the "14th Five-Year Plan" "Agriculture + Technology" development space is huge. Yuexiu Industry Fund will work with Jifei to assist the "Vegetable Basket" project in the Guangdong-Hong Kong-Macao Greater Bay Area. Zhou Xiang, head of the financial advisory division of Huaxing Capital, said: “Under the trend of population aging and hollowing out of rural areas, agricultural technology has become a track that has attracted much attention from the capital market and has huge potential.”

Disclaimer

Article source : CBN

where the source of information is indicated asThe information from other media sources is reprinted from other media. It does not mean that this website agrees with its views, nor does it mean that this website is responsible for its authenticity. Please contact the original source for reprinting. If you have any questions or doubts about the content of this article, please contact the background editor immediately, and the platform will quickly respond to you and deal with it. Indicate the original content of our company, please contact us for reprinting!