Gilo to take off with $30m from Kuang-Chi

Jan 18, 2017 • Robert Lavine

Kuang-Chi's GCI Fund has made its sixth investment and its first in the UK, supplying $30m in funding for aviation technology developer Gilo Industries.

China-headquartered innovation firm Kuang-Chi Group made its first UK-based corporate venturing investment on Monday, providing $30m in funding for advanced aerospace technology developer Gilo Industries.

Gilo is developing innovative products and services for defence, commercial and recreational aviation. Its subsidiaries include paramotor builder Parajet, aviation technology-equipped all-terrain buggy producer SkyQuad, racing bike creator Crighton Racing and rotary engine developer Rotron.

Gilo is the sixth company to be backed by Kuang-Chi’s GCI Fund, which it formed in 2016 and expects to…

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