DMI raises $22 million for drone hydrogen cell development
South Korean developer of hydrogen power units for drones, Doosan Mobility Innovation (DMI), has raised $22 million in new funding to muscle up its production of longer-flying, emission-free water-based fuel cells for drones.
DMI announced the new investment Tuesday, saying that while the infusion will support its continuing development of hydrogen power generally, it will be particularly focused on fuel cells for cargo drones used by logistics clients. In addition to being cleaner than gas-burning options and less polluting to break down than spent lithium-ion batteries, hydrogen tech powers UAV flights nearly four times longer – and boasts longer total life span – than chemical cells.
DMI said the funds will permit it to muscle up its existing product lineup, enhance overseas sales capacities, attract top R&D talent, and speed development of water-cooled fuel cells applicable to wide range of drone transportation, particularly logistics. As part of its…