Wingcopter raises $22 million
Tom Schmidtgen
| 25.01.2021
The Darmstadt-based start-up for delivery drones also announces series production.
In its Series A financing round, the start-up Wingcopter was able to raise 22 million US dollars, the equivalent of just under 18 million euros. The money came from Xplorer Capital, which has also financed Uber, the Futury Regio Growth Fund, a Hessian growth financing fund, as well as Futury Ventures and Hessen Kapital III.
The money will be used to build up logistics. One focus is on the delivery of Corona vaccines. In Malawi, Wingcopter is working on an initial project, supported by the Gesellschaft für Internationale Zusammenarbeit (GIZ). The drones can fly up to 120 kilometers. In addition, the new company headquarters is being built in Weiterstadt near Darmstadt, where series production is also to start. Already, more than 100 employees work for the start-up. "We are impressed with the Wingcopter team and the speed with which they have developed the product and built the company," says Xplorer Capital investor Jonathan McQueen.
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