Relying on an impressive promotional video that Lily Robotics said was made with its product, “pre-order” customers paid $499 to $899 for a drone and their credit cards were promptly charged—and ...

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Forbes contributors publish independent expert analyses and insights. Nicole Kobie is a tech and transport journalist based in London.

Founders of the highly anticipated drone called Lily, which raised $34 million in Kickstarter pre-orders in early 2015, announced on Thursday that it will not be going into production.

These are all problems that UC Berkley students Antoine Balaresque and Henry Bradlow set out to eliminate back in 2013 when they began creating what would become Lily, a drone that automatically ...