Wingcopter Receives €40M From EIB

Wingcopter

Wingcopter, a Weiterstadt, Germany-based provider of an unmanned delivery drone technology and related services, raised €40M in quasi-equity investment from The European Investment Bank (EIB).

The company intends to use the funds to ramp up production of its flagship Wingcopter 198 model, expand delivery services in Europe and abroad, and accelerate the firm’s innovation efforts. 

Led by CEO Tom Plümmer, Wingcopter is a manufacturer of unmanned, all-electric delivery drones and provider of drone delivery services, specialising in improving medical supply chains and the logistics of urgently needed goods. The team is dedicated to improving commercial and humanitarian applications. With its patented tilt-rotor mechanism and proprietary software algorithms, the Wingcopter 198 can take off and land vertically like a multicopter, while flying long distances as efficiently and quickly as a fixed- wing aircraft, even in rain and wind.

FinSMEs

11/05/2023