Drone firm raises capital to build on ‘shroud’ tech

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New Zealand-based drone firm, Dotterel Technologies, has raised $1.06m (£513,000) from investment company Jelix Ventures as it embarks on its next phase of growth.

Dotterel makes shroud technology which is designed to dampen noise from a drone’s propellers and is also used to eliminate the risk of injury from drone propeller blades.

The sound proofing has also allowed the firm to develop audio recording capability for drones, something which is difficult without noise reduction equipment.

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Co-founder of the company, Shaun Edlin, has said the shroud means a drone causes less disturbance on set and is less of a health and safety issue.

Jelix, which which specialises in start-up companies, now holds a stake of just over 11% in Dotterel.

According to a report in the New Zealand Herald, Edlin would not go into detail on financial reports, other than to say it is still, after being founded in 2015, at the very early states of commercialising technology and therefore continues to make a loss.

Tags : developmentfinancialNew ZealandShroudTECHNOLOGY
Alex Douglas

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