James Murdoch makes drone move with new tech investment


James Murdoch has made his first move into the drone market after investing into a Norwegian tech firm.

He backed the seed round of UBIQ Aerospace, a company which refers to itself as a “deep tech startup.”

According to a report by Bloomberg, it has raised seed financing from Murdoch’s Lupa Systems and Norwegian tech accelerator NTNU Accel and hopes to introduce new de-icing systems that will aid UAV ops in in cold climates.

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Lupa Systems was founded by Murdoch after he parted ways with the family business after it made a $71bn deal to sell assets to the Walt Disney Company.

The terms of the investment were not disclosed.

Tags : InvestmentJames MurdochLupa SystemsUBIQ Aerospace
Alex Douglas

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