PRENEU, a company specializing in manufacturing and developing comprehensive unmanned aircraft, has completed attracting preIPO investment. The plan is to accelerate the advancement and mass production of drone products through attractive funds.
According to the investment (IB) industry on the 8th, PRENEU recently completed attracting 15 billion won worth of funds. Based on differentiated drone design manufacturing and development capabilities, it showed visible performance growth and was able to successfully attract large-scale investment.
The Korea Development Bank, Time Folio Asset Management, and YG Investment participated as new investors in this investment. Existing investment companies BNK Investment & Securities, Hyundai Technology Investment, T-Investment, and New Main Capital also joined Follow-On.
PRENEU is a company specializing in drone manufacturing and avionics system development established in June 2017. By converging IoT sensor and communication technologies with aviation-related design and manufacturing technologies, it is providing customized solutions to various industries.
It entered the drone market by branding "DRONEiT" that combines IT technology and drone technology and launching fixed-wing and helicopter-type rotorcraft from the beginning.
Starting with the distribution of educational drones, various types of drones were designed and manufactured on their own. It also developed a core avionics system and an integrated operation control platform.
It is continuously expanding its supply to defense, which is its main field. It is also actively attracting public institutions, private companies, and overseas customers. Recently, based on the integrated operation service platform, it is pioneering the service market for drone use.
In 2022, it also won orders for small drone projects for ammunition drop attacks by the Pungsan Civil and Military Cooperation Agency, supply of small-scale unmanned aerial vehicles for air defense, and rapid pilot research and development projects by the Defense Acquisition Program Administration.
In 2023, it also won the Philippine Navy supply unmanned helicopter project, the mobilization industry's long-term aerial unmanned aerial vehicle development project, the Korea Coast Guard's supply of unmanned helicopters, and the Navy's base border unmanned aerial vehicles.
It is continuously promoting product development, and last year, it has also won the 3rd project to border the air base and carried out drone delivery demonstration projects by various Ministry of Land, Infrastructure and Transport.
The recent notable achievement is the maritime-operated fishing group detection drones. It has developed a drone dedicated to detecting electric-based fishing groups and integrated it with artificial intelligence (AI).
Through this, it is supporting the efficient fishing by quickly detecting fish groups at sea fishing sites. It is also pushing for continuous expansion and application.
Fringe is also steadily preparing for its listing. Since Korea Investment & Securities was selected as the organizer last year, it has also recently applied for a technology evaluation. Through this, the plan is to promote the listing of special technology cases.
"PRENEU is the most prominent drone-related start-ups in recent years," an investment industry official said. "With the attraction of investment, we will be able to speed up the advancement and mass production of drone products."
SOURCE : Yonhapinfomax(https://news.einfomax.co.kr/news/articleView.html?idxno=4363840)