HomeUSAPyka Closes $37M in Series A Funding

Pyka Closes $37M in Series A Funding

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Pyka, an Oakland, CA-based electric autonomous airplane manufacturer, closed a $37M Series A funding round.

pyka
Pelican – source: Pyka website

The round was led by Piva Capital andĀ Prelude Ventures.

The company intends to use the funds for the serial production of its Pelican aircraft to committed buyers and fund investment in research and development to expand its products into the cargo market.

Led by CEO Michael Norcia and Chief Commercial Officer Volker Fabian, Pyka developed a commercially certified electric autonomous airplane, which is currently performing complex commercial agricultural operations in several countries. The same design is being modified for 200-mile radius cargo operations.

The Pelican crop spraying aircraft is fully autonomous with LIDAR enabled collision and terrain avoidance systems. Powered by three electric motors and redundant batteries, the Pelican can take off in as little as 450 feet and spray up to 130 acres an hour at a fifth of the operating costs of piloted aircraft.

FinSMEs

29/04/2022