Leading German retailer REWE Group as well as German investors Salvia and XAI technologies came on board as new shareholders.
#German wingcopter xplorer capitaletheringtontechcrunch series
In addition to eyeing Africa and Europe, Wingcopter’s system was recently approved by the FAA, as it looks toward the U.S. German delivery drone manufacturer Wingcopter has raised US42m as part of a Series A extension round, taking the total equity raised to date to more than US60m. The company operates more than 12,000 grocery stores in Europe, and such a deal points to interesting uses for Wingcopter’s large 198 system to do more than the medical supply delivery it’s been thus far focused on, though specifics of such a deployment have yet to be announced. REWE is the most interesting investor here. It was led by German retail firm REWE Group and Salvia and XAI technologies. Wingcopter is a German manufacturer of eVTOL, fixed-wing unmanned aircraft systems (UAS) and provider of drone delivery services, focused on optimizing medical supply chains, as well as last-mile logistics of packages, tools, spare parts, food, and groceries. Germany German Airways, under its parent company Zeitfracht Group, is set to commercially deploy drones in logistics, as evidenced by its purchased of 17 Wingcopter 198 delivery drones, on top of options to order an additional 115 drones in two further tranches by the end of 2023. In a joint letter of intent with Wingcopter, logistics and aviation holding company Zeitfracht Group and its subsidiary German Airways have pledged to acquire 17 Wingcopter 198 delivery. The Series A extension brings Wingcopter’s raise above $60 million to date. WINGCOPTER 29.839 Follower:innen auf LinkedIn. Such a project will take a lot of resources, of course, but thankfully, the German startup just announced a $42 million funding round. As far as drone delivery markets go, it certainly makes sense, targeting users in remote areas that can often be hard to reach due to infrastructural issues. In mid-May, Wingcopter announced an extremely ambitious plan to deploy some 12,000 of its fixed-wing UAVs in Sub-Saharan Africa over the next half decade.
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