Lily Drone Bites The Dust Before Delivery

Drone Company Lily Shuts Down Owing $34m





” Lily, the company behind an autonomous camera drone that had amassed $34m (£27m) in pre-orders, has announced that it is shutting down. In an email to customers the start-up said it had failed to raise additional funds to start production of the drone.

  It promised to reimburse all pre-order customers within the next 60 days. The waterproof drone was to be one of the first “throw-and-shoot” cameras that could track users and capture footage of them for up to 20 minutes.

” Over the past few months, we have tried to secure financing in order to unlock our manufacturing line and ship our first units – but have been unable to do this.”



Image result for Lily Drone



” “As a result, we are deeply saddened to say that we are planning to wind down the company and offer refunds to customers.” The drone was launched with a pre-order price of $499, and some 60,000 customers are believed to have signed up.

  It was scheduled to ship in February 2016, but that was later delayed until the summer and then again to early 2017.”



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