"Lily" is An Ex-Drone

Poor Lily, the drone-to-be, is dead; gone to join the choir invisible, pushing up daises - an ex-drone, with apologies to Monty Python. Despite amassing over $30 million and 60,000 orders, the Lily Robotics company finally realized that they just could not pull off the heavy lifting of actually getting their proposed flagship device into production and into the hands of the waiting public.

The device looked great in their promotional video, but if you look around at the quadcopter scene today, a lot of the features such as "follow me" are already available in other devices. True, Lily looked super slick in the video, but it was not to be.

The San Francisco DA's office had also brought a lawsuit against the company, accusing them of false advertising and unlawful business practices. The promotional video below appeared to show a prototype Lily drone in action, but the aerial footage was actually shot by a completely different professional camera drone.

Oops.

Lily said in the email that it would offer refunds to pre-order customers in the next 60 days. It is unclear, how much money the company still has in the bank or if it will return any of it to its investors, which include SV Angel and Spark Capital.
Forbes 

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