The German developer, manufacturer and operator of unmanned delivery drones for commercial and humanitarian applications has secured $22 million in Series A funding. The financing round was led by Futury Regio Growth Fund and by Silicon Valley-based Xplorer Capital. In addition, Futury Ventures and Hessen Kapital III participated in this financing round.
Holger Follmann, initiator and Managing Director at FRGF, joins the board of Wingcopter. “The Wingcopter team combines entrepreneurial spirit with superior technology know-how and looks back on an impressive number of worldwide drone projects. This is what it takes to conquer a rapidly growing market such as the international drone market. We are excited to support Wingcopter on its flight towards becoming a global leader in the international drone business and look forward to working together with the team and founders”, says Benjamin Krahmer, Managing Director of Futury Regio Growth Fund and Futury Ventures.
A portion of the new capital is allocated to setting up a partially automated serial production at Wingcopter’s new headquarters in Weiterstadt, Germany. Wingcopter will use the funds to strengthen its leadership in drone-based logistics. At the same time, Wingcopter is well-positioned and ready to establish more partnerships worldwide centering around other fully automated delivery applications.
Tom Plümmer, CEO of Wingcopter, summarizes: “Our team is driven by tackling the world’s challenges through scalable innovations. This chapter of our journey is dedicated to setting up logistical highways in the sky that leapfrog traditional means of transportation. Poor infrastructure has always been a barrier, especially for healthcare provision, impacting billions of lives – a situation further exacerbated by COVID-19. With the support and powerful networks of our investors we are taking a huge step closer to fulfilling our vision of creating efficient and sustainable drone solutions that improve and save lives everywhere.”