Ag spray drone co Hylio raises $2m to expand production capacity, builds on ‘Made in America’ positioning

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Ag spray drone co Hylio raises $2m to expand production capacity, builds on ‘Made in America’ positioning

Texas-based ag drone maker Hylio has raised $2 million on equity crowdfunding platform StartEngine to expand production at a new facility capable of producing 5,000-plus drones a year at full capacity. The firm, which has sold 850-plus drones to date generating revenues of more than $30 million, is seeking to differentiate itself in a market dominated by Chinese firm DJI and positioning itself as a ‘Made in America’ option for farmers in an “evo…