Wingcopter funding

© Peter Jülich

Wingcopter Secures $42M in Newest Funding Spherical

by DRONELIFE Workers Author Ian M Crosby

This week, drone supply firm Wingcopter introduced its acquisition of $42 million in funding from a Sequence A extension spherical, tripling the corporate’s whole fairness elevate to over $60 million.

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The spherical noticed participation from new shareholders comparable to German retailer REWE Group, and German buyers Salvia and XAI applied sciences, in addition to Japanese conglomerate ITOCHU and former backers Futury Capital from Germany and Silicon Valley-based Xplorer Capital.

The brand new funding will allow Wingcopter to broaden its drone supply companies, in addition to improve manufacturing of its Wingcopter 198 eVTOL supply drone, which not too long ago met the Federal Aviation Administration’s (FAA) Airworthiness Standards and has been experiencing a rising demand. Wingcopter additionally intends to leverage the funding to advance the agency’s R&D efforts to develop new product options and to rent 80 new staff throughout all departments within the coming months.

“At Wingcopter, we create environment friendly and sustainable drone options to avoid wasting and enhance lives. For this, we’re hiring passionate pioneers with whom we construct what has not existed earlier than,” mentioned Co-founder and CEO Tom Plümmer. “The brand new funding, mixed with rising revenues, places us in a superb place to ascertain our industry-leading drone supply answer with our prospects across the globe to optimize provide chains.”

“REWE Group is among the most revolutionary corporations in German retail,” mentioned Christoph Eltze, Govt Board member Digital, Buyer & Analytics and IT at REWE Group. “For years, we now have relied on sturdy partnerships with innovation leaders, particularly in rising developments. With Wingcopter, we now have discovered such a brand new associate.”

“With its disruptive expertise and extremely motivated staff, Wingcopter has the potential to change into a frontrunner within the drone supply house,” added Helmut Jeggle, Founder & Managing Associate of Salvia. “Within the face of world challenges comparable to local weather change, revolutionary corporations comparable to Wingcopter are wanted to guide an {industry} like logistics right into a sustainable, extra environment friendly future. We’re happy to accompany this success story any more as an investor and sparring associate.”

“We’re excited to hitch the Wingcopter staff on their strategy to the subsequent progress milestones as a frontrunner in drone supply logistics,” mentioned Enis Ersü, Managing Proprietor of XAI applied sciences and former CEO of ISRA VISION. “Being an investor and a expertise associate on the similar time our staff at XAI applied sciences could be very a lot trying ahead to producing additional enterprise potential by integrating superior key applied sciences and operational excellence along with the administration.”

Wingcopter not too long ago partnered with Continental Drones in an effort to deploy 12,000 Wingcopter all through sub-Saharan Africa over the subsequent few years for the supply of important items.

Moreover, in Malawi, the place Wingcopter has been energetic since 2019, the corporate will broaden its community operations with further Wingcopter 198 drones and hubs for the transport of medical provides to distant well being facilities.

Learn extra about Wingcopter:

 

Ian attended Dominican College of California, the place he acquired a BA in English in 2019. With a lifelong ardour for writing and storytelling and a eager curiosity in expertise, he’s now contributing to DroneLife as a workers author.

 





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