SkyX, Toronto drone charging startup, raises $5.2m Canadian

SkyX, based in Markham , Ontario, raised $5.4m from Chinese based technology group. Company is specializing in drone charging stations, so that drones can monitor vital objects like oil and gas pipelines.

SkyX drones are half-helicopter, half-plane and built to fly long distances so that they can monitor vital objects.

Skyx is targeting energy industry first. According to Skyx website, In North America alone, more than $37 billion US is spent annually inspecting such pipelines. It is often done with either conventional manned aircraft, ground inspection, or even satellite imagery.

Video outlines the product functionalities: