starcopter closes in seven figures
The manufacturer of unmanned aerial systems starcopter has successfully completed a seven-figure financing round. The investment round was led by BraWo Capital Group.
The startup will use the capital to expand its team, finalize the product design and carry out the final test phase to certify the high-performance drone for the EU market. In addition, the building blocks for a European production line will be laid and preparations will be made for market entry in the EU.
With the funds made available, we can achieve the goals we have set ourselves on the way to market entry.
Henner Niebuhr, Founder & GF starcopter GmbH
The investment represents a milestone for the company, which has developed a high-performance drone. Battery wear has been reduced by up to 90% compared to the world's leading flight systems. This is an important prerequisite for making future areas of application such as parcel transportation or automated inspection economical.
As part of the BraWo Group, we and our BraWo Capital Group are therefore on the lookout for mature and marketable innovations not only regionally, but also nationwide. We are delighted to have found this in starcopter GmbH.
Thomas Zechner, Managing Director BraWo Capital Management GmbH
Electric flying in professional applications remains a challenge at present, as modern high-performance batteries are expensive and wear out quickly. Payload capacities and flight times are limited, restricting many applications. starcopter plans to meet these challenges with an industrial product that meets the requirements for demanding applications
About BraWo Capital Group
BraWo Capital Group is an investor that supports companies in the Braunschweig-Wolfsburg region and nationwide. It offers capital for companies in the context of start-ups, growth financing in new markets and for planned product and capacity expansions. In addition to equity capital, the BraWo Capital Group provides access to its network of portfolio companies, contacts and industry partners.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectFYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
