Damoda

According to Damoda's public disclosures, the company has completed more than 30,000 performances cumulatively, with no safety accidents appearing in public records, and it has publicly released the "Safety Specifications for Drone Formation Flight Performances."

Damoda has completed its conversion to a joint-stock company, plans to handle the industrial and commercial change registration in the near term, completed multiple rounds of financing this year with its valuation rising nearly 10-fold compared with the A round, will push forward another round of financing at the end of the year, and plans to file for an IPO in 2027.

According to QY Research data, Damoda's global market share in drone performance swarms is about 36%, ranking first in the industry.

Damoda's drone formation performances have appeared on CCTV's Spring Festival Gala 7 times and have appeared multiple times on "Xinwen Lianbo."

Chongqing's regular drone performances gradually increased from 2,000 drones to 5,000 drones stationed for shows every Saturday and on holidays, becoming the world's largest long-term resident performance by drone count, relying on drone nests and automatic charging to achieve unlimited continued flight.

Chongqing's drone performances have drawn more than 11 million on-site viewers over nearly a year of operation, with 11 billion exposures on official platform dissemination, driving 41.9 billion yuan in cultural and tourism consumption in Nan'an District, up about 9% year on year, with Spring Festival catering revenue in the core area of the two rivers and four banks rising by nearly 30%, and the project as a whole generating revenue exceeding the 40 million yuan scale, fully covering the project investment.

Damoda entered overseas markets in 2020, with performance growing 45-fold over five years, covering more than 50 countries and regions, with core markets being North America, Europe and the Middle East.

Damoda's overseas order structure has undergone a leap: before 2025, customers generally purchased 200-300 drones to test the waters, while in 2026 there has been an obvious increase in magnitude, with a large German LED screen manufacturer repeat-purchasing from 800 drones and 1,000 drones to a recent order of 5,000 drones.

Damoda's equipment sales account for about 70% of overall revenue, and its core identity is a provider of equipment and technical systems rather than a performance executor.

Damoda has more than 300 employees, with R&D personnel accounting for about 40%.

Damoda's drone hardware localization rate is currently 100%, and its late third-generation and fourth-generation products have fully adopted domestic chips and are compatible with BeiDou, shedding dependence on foreign F9P positioning modules.

Damoda launched its industry-disrupting V3 box-type takeoff and landing solution in 2022, and the industry subsequently followed suit generally; its V4-based intelligent vehicle-mounted performance system achieves one-key cabin opening, debugging, takeoff and recovery in about 60 seconds in total, whereas the traditional mode requires 5 people and 3 hours to set up the site.

At the Chongqing sub-venue of the 2025 CCTV Spring Festival Gala, Damoda executed a 3,000-drone formation performance, with rehearsals scheduled in the early morning to reduce spoilers.

Damoda released an AI script editor this year; after users input text instructions, it can generate a flight script for within a thousand drones that can be directly executed by the ground station in about 25 minutes, whereas previously a professional team needed about a week.

Based on more than 66 million flight sortie data and swarm control technology, Damoda is developing a second product line of low-altitude swarm embodied intelligence for GPS-denied enclosed spaces, with a demo expected to launch between the end of this year and early next year.