German Drone Company Raises $22M And Planning to Expand in North America

German Drone Company Raises $22M And Expanding in North America

We all daily see various drone companies and drones but do you know that Wingcopter a german-based drone company has successfully raised $22 million in funding.  It is expected that the company will use this fund to expand in North America and strengthen its value in the market.

The company’s funding was carried by Futury Regio Groth fund and Xplorer Capital along with Hesen Capitals and Futury Ventures.  This $22 million funding will really help this company to grow and invest in new ideas. It is also expected that Wingcopter is also working hard on delivering covid vaccines through drones in rural areas.

Wingcopter 178 Heavy Lift (Company’s Lates drone) will soon join its companions. They are also investing some part of the funding in this drone to make it futuristic and it’s almost ready to go. Here’s what Tom Plümmer(CEO of Wingcopter) Shared:

This chapter of our journey is dedicated to setting up logistical highways in the sky that leapfrog traditional means of transportation. Poor infrastructure has always been a barrier, especially for healthcare provision, impacting billions of lives – a situation further exacerbated by COVID-19. With the support and powerful networks of our investors we are taking a huge step closer to fulfilling our vision of creating efficient and sustainable drone solutions that improve and save lives everywhere.

-Tom Plümmer

Apart from that Wingcopter will also increase its manufacturing speed with  77,500-square-foot facility headquarters in Germany. Not only this they are also planning to start a production line. As discussed above Wingcopter will also US Facility for testing, manufacturing, certification, development, and stuff like that. This will also help the company to establish itself in the US with the “Made in USA” tag.

Don’t forget to have a look at what Jonathan McQueen ( Manager of Xplorer capital) added:

The Wingcopter team combines entrepreneurial spirit with superior technology know-how and looks back on an impressive number of worldwide drone projects. This is what it takes to conquer a rapidly growing market such as the international drone market. We are excited to support Wingcopter on its flight towards becoming a global leader in the international drone business and look forward to working together with the team and founders.

-Jonathan McQueen
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