[Courtesy of Doosan Mobility Innovation ]
SEOUL — Doosan Mobility Innovation, a drone solution provider in South Korea, has secured a new investment fund to step up the development of logistics drones and high-output fuel cell power packs with a water circulation cooling system, which are seen as a key element in urban air mobility (UAM), an ecosystem covering personal air vehicles and infrastructure. Doosan Mobility Innovation (DMI) said it has attracted some 27 billion won ($22 million) from three investors including IDG Capital, Korea Investment Partners, and DS Asset Management. The money will be used to strengthen DMI’s product lineup, strengthen overseas sales, and develop water-cooled fuel cells. The range of multi-copter drones is limited due to their relatively short battery life. Hydrogen fuel cell drones could become a game-changer in the…