Grace Ashiru
Wingcopter, a German start-up that develops and sells delivery drones, has announced that it has successfully secured $42 million from various respectable financial and strategic investors.
As a consequence of the extra funding provided as a component of the Series A extension round, the total amount of equity the company has raised has now increased to over $60 million.
The REWE Group, a prominent German retailer, joined as a new stakeholder. Also, XAI Technologies and Salva, investment firms based in Germany,Previous financiers of German business Futury Capital, Xplorer Capital in Silicon Valley, and ITOCHU, a Japanese conglomerate, joined them later.
Wingcopter’s current unmanned aircraft system has been in high demand as of late, so the bulk of production slots for this year and next year have already been taken up.
The manufacturing facility for Wingcopter drones located in Germany is designed to deliver 1000s of Wingcopter drones per year. The production process will be substantially accelerated once we implement some form of automation into the production operations very soon.
Wingcopter creates innovative and environmentally friendly drone solutions to improve people’s lives and safeguard lives. Tom Plümmer, co-founder and CEO of Wingcopter, stated that to accomplish this goal, the company is currently recruiting eager pioneers with whom they intend to develop something that had never existed before. With the new money and growing sales, we are in a great position to offer our customers worldwide our market-leading drone delivery solution to improve supply chains.
As a facet of the organization’s overarching aim to secure and improve people’s lives globally, With the addition of brand new Wingcopter 198 drones and more hubs, Wingcopter plans to expand its network base in Malawi where the business has been active since 2019.
The drones will transfer various medical supplies, including COVID vaccines and emergency drugs, to health clinics located in rural areas.
In addition, Wingcopter plans to increase its workforce by eighty people in all departments during the coming months. The company also plans to use the financial injection to expedite the research and development activities regarding the latest product features.
With the increased funding, Wingcopter will be able to expand its drone delivery services to more countries worldwide as well as enhance the production of its Wingcopter 198 model. the most efficient electric-powered vertical takeoff and landing delivery drone in the world.
