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Xag
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Short description

Developer of agricultural drones for plant protection and surveying

Founded in 2007
Founded in

Company type Private Public ()
Company type

Industry Group agriculture & food

Sector precision agriculture

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters China Guangzhou, China
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Updated by Hattie Partner at on 05/21/2025

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IPO INFORMATION

Date

11/22/2021

IPO status

Withdrawn

IPO Type

IPO

Amount

$235M

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Exchange listed

STAR Market

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Description

XAG plans to raise 1.51 billion yuan ($235 million), which would be used for a digital agricultural intelligent manufacturing base, construction of an R&D center in Guangzhou, as well as , marketing and service system development. The IPO was ended in May 2022.

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Date Investors Type Amount
03/17/2021 Hillhouse Capital Hillhouse Capital (1)
Post-money valuation of
The startup will use the funding to boost its investment in R&D and further develop its robotics products.
 Growth Equity $46,000,000
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