
AgTech Firm XAG Reduced Carbon Emissions by 960,000 Tons in 2021
XAG reportedly reduced 10.43 million tons in crop losses and 960,000 tons of carbon emissions in 2021, by using agricultural unmanned drones and vehicles.
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XAG reportedly reduced 10.43 million tons in crop losses and 960,000 tons of carbon emissions in 2021, by using agricultural unmanned drones and vehicles.
On Wednesday, XAG, a domestic agricultural drone manufacturer, released several new products including the P100/V502022 agricultural unmanned drone, R150 agricultural unmanned vehicle, and more.
In last weeks VC news: Bain Capital bets on Newlink, XAG raises funds for R&D, Momenta bags $500 million, while Fova Energy secures new funds from Shunwei Capital.
On Monday, the IPO application of XAG, a domestic agricultural drone maker, was accepted by the Shanghai Sci-Tech Innovation Board (STAR Market). XAG plans to raise 1.51 billion yuan ($235 million).
XAG, a Chinese drone manufacturer based in Guangzhou, teamed up with German company Bayer Crop Science to deploy a drone attack to kill the fall armyworms infesting crops in China’s Guangxi province.