RocketDNA looks to grow drone fleet

Staff reporter

Australian drones-as-a-service company, RocketDNA, has confirmed a A$1.1 million equity placement to fund its production and deployment of about 20 autonomous xBot units and related software development.

The ASX minnow said the placement at A0.9c-a-share was well supported by “a range of new professional and sophisticated investors, including a well-regarded family office”.

“The company sees an opportunity to front-run its xBot roll-out, based on the significant market opportunity and conversations the company is having with industry participants,” it said.

“xBOT is already installed on an existing client mine site in Western Australia undergoing trials.

“This is a delivery of a first-time technology solution to the mining sector in a solution in a service format.”


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