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XAG

XAG (formerly XAircraft) is a major Chinese agricultural-drone maker based in Guangzhou (founded 2007), producing autonomous RTK-precision crop-spraying and…

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Founded
2007
HQ
Guangzhou, China
Status
private (HK IPO in preparation; ~RMB 7.3B valuation)

Appears inAgricultural drones

Models

1

Overview

XAG (formerly XAircraft) is a major Chinese agricultural-drone maker based in Guangzhou (founded 2007), producing autonomous RTK-precision crop-spraying and mapping drones (P/V-series) for rice, cotton, and orchard farming. XAG is one of the world's largest agricultural drone manufacturers.

Verified record

Verified deployments
None on file
Active incidents
None on file

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Key facts

Founded

2014, Guangzhou, China

Founders

Justin Gong (Vice Chairman), Peng Bin (CEO)

Product

Agricultural drones (P Series, V Series) for crop spraying, seeding, surveying; XAG R150 unmanned ground vehicle

Funding

Series A $20M; Series B $50M; Series C $100M; Series D $200M; total ~$370M+

Customers

China, Japan, Korea, Australia, Southeast Asia, Latin America - crop protection and precision agriculture services

Employees

~1,400+

Data & sources

Web sources

3

3 sources backing this record.View all →

Current platform

XAG agricultural drones (P/V-series)

XAG, headquartered in Guangzhou and founded in 2007 before pivoting to agriculture around 2013 under co-founders Peng Bin, a former Microsoft engineer, and Gong Jinqin, is a major Chinese agricultural-drone maker and a key competitor to DJI's Agras line. Its P-series and V-series drones perform autonomous crop spraying, seeding, and spreading using RTK-precision waypoint operation, aerial mapping, and variable-rate application, complemented by ground robots in an unmanned-farm platform, with throughput such as fifteen hectares per hour for the P40 and twenty for the P80. Backed by the SoftBank Vision Fund as its largest external shareholder along with Baidu Capital and Hillhouse, XAG reported about 1.066 billion yuan of revenue in 2024 and turned profitable, with roughly 70 million yuan of net profit in 2024 and more than 130 million in the first half of 2025, about a 10.7 percent global agricultural-robot market share ranking it second, and a Hong Kong initial public offering in preparation. The registry records it at production maturity, the strongest commercial maturity in the commercial drone set, sold through a clean hardware-sales model to spraying-service operators and farmers rather than a captive service. A regulatory note: China's agricultural-drone regime differs from US beyond-visual-line-of-sight rules, with routine autonomous waypoint spraying at massive scale, so the BVLOS gating event is not the relevant gate here. The autonomy is genuinely substantive and documented across independent sources, while widely cited figures such as 120,000 units sold, 1.2 million farmers served, 27,000 drones in operation, and presence in 70 countries trace to company statements and are cap-flagged as company-sourced rather than independently audited.

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Relationships

Current leadership (2)

  • Justin Gong foundersince 2014-01-01secondary-verified
  • Peng Bin ceosince 2014-01-01secondary-verified

Safety record

No incidents on record for XAG.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Recent coverage

XAG in third-party press

Peer companies