Latest in Crowdfunding

Image credit:

Zano mini drone project shuts down following delays

Share
Tweet
Share
Save

Sponsored Links

The Zano mini drone project held a lot promise: not only was it supposed to make camera drones affordable, but it was Europe's most successful Kickstarter campaign to date. Unfortunately, though, all those hopes have just come crashing down. Torquing Group is shutting down the tiny UAV project and liquidating its corporate assets. Simply put, the company didn't have much choice between delays (Zano was supposed to ship in June) and internal strife -- its CEO had resigned a week earlier due to a mix of health problems and "irreconcilable differences."

Torquing is getting in touch with creditors, but you won't want to count on getting any money back if you made a pledge. Like most crowdfunding efforts, you're making an investment, not a guaranteed purchase. With that said, it's clear that Torquing wasn't great at tempering expectations. While it did detail the production process, it was clearly optimistic about timing (by the end, some backers weren't getting their units until February) and didn't make it clear just how many hurdles it faced to getting a drone in your hands.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's 2019 Back-to-School Guide

Engadget's 2019 Back-to-School Guide

View
Canon leaks its EOS 90D DSLR and mirrorless EOS M6 Mark II cameras

Canon leaks its EOS 90D DSLR and mirrorless EOS M6 Mark II cameras

View
Watch the Google Stadia event in 10 minutes

Watch the Google Stadia event in 10 minutes

View
HP's latest gaming headset delivers active cooling, noise cancellation

HP's latest gaming headset delivers active cooling, noise cancellation

View
Samsung's 32-inch Space Gaming Monitor makes room for your PC

Samsung's 32-inch Space Gaming Monitor makes room for your PC

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr