(credit: Cyrus Farivar)
The CEO and co-founder of Torquing Group, the Welsh drone startup that remains the most-funded European Kickstarter project ever, resigned suddenly on Tuesday.
The departure of Ivan Reedman suggests that the company is in serious crisis mode and may be on the verge of collapse. Despite claims that it had begun shipping—months behind schedule—in September 2015, Ars recently spoke with several backers who either never received their drone or were very disappointed in its performance. Notably, the company still has yet to release an iOS version of its drone-piloting app.
"It’s such a shame as I think the project will now die—the project was Ivan [Reedman]," David Black, a Cornwall-based customer who picked up his Zano at the Pembroke Dock headquarters in September, told Ars by e-mail.
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