Wingcopter Raises Another $42M Ahead of Ambitious African Deployment

- Advertisement -


In mid-May, Wingcopter announced an extremely ambitious plan to deploy some 12,000 of its drones in sub-Saharan Africa over the next five years. In terms of drone delivery markets, it certainly makes sense, targeting users in remote areas that are often hard to reach due to infrastructure issues.

- Advertisement -

Of course, such a project would require a lot of resources, but thankfully, the German startup just announced a $42 million funding round. The Series A expansion has brought Wingcopter over $60 million to date. It was led by German retailer REWE Group and Salvia and XAI technologies.

- Advertisement -

REWE is the most interesting investor here. The company operates more than 12,000 grocery stores across Europe, and the deal points to interesting opportunities to use the large Wingcopter 198 system to do more than deliver medical supplies, which it has so far focused on, although details of such a rollout have yet to be announced. . In addition to targeting Africa and Europe, the Wingcopter system was recently approved by the FAA as it targets the US due to its rapidly expanding presence.

Image credits: Wingcopter

- Advertisement -

In the near future, funding will be used to increase the company’s staff to 80 people, as well as to create new features for the drone.

“At Wingcopter, we create efficient and sustainable drone solutions to save and improve lives. To do this, we are hiring passionate pioneers who are creating something that did not exist before,” said co-founder and CEO Tom Plummer. “The new funding, combined with growing revenue, gives us excellent opportunities to deploy our industry-leading drone delivery solution to our customers around the world.”

The news comes as major companies including Alphabet-owned Amazon and Wing are rapidly expanding their shipping trials.


Credit: techcrunch.com /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox