German delivery drone manufacturer and service provider Wingcopter last week raised $42 million from renowned financial and strategic investors as part of a Series A extension round. The fresh funding triples the company’s total equity raise to more than $60 million to date. Leading retailer REWE Group and German investors Salvia and XAI technologies have come onboard as new shareholders. They will now join Japanese conglomerate ITOCHU and previous backers Future Capital from Germany and … [Read more...] about Wingcopter scores US$42m in latest funding round
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Drones usher in new era for air freight and logistics
The use of drones or unmanned aerial vehicles has certainly come a long way. From hot air balloons for reconnaissance in the late 1800s to remote-controlled planes for military purposes, the technology has greatly evolved and its usage has become widespread across different sectors, most notably logistics. Across the globe, leading engineers and companies are developing all sorts of drones for air cargo operations, whether for inspection, sorting in fulfilment centres, wildlife management or … [Read more...] about Drones usher in new era for air freight and logistics
Wingcopter secures funding from Japanese drone investor
German drone developer Wingcopter has received an investment from Japanese venture capital company Drone Fund, which specializes in startups related to drones and air mobility. The injection, which will come from a third fund amounting to US$90 million raised by the Japan-based VC, comes in the run-up of Wingcopter’s Series B investment round. This would be Drone Fund's first investment in drone technology and first partnership with a German company. Last year, Wingcopter signed a … [Read more...] about Wingcopter secures funding from Japanese drone investor
ANA, Wingcopter test drone delivery to Japan’s hinterlands
Japanese airline group ANA Holdings is collaborating with German drone manufacturer and service provider Wingcopter to accelerate the delivery of vital pharmaceuticals and other consumer products via unmanned aircraft. The two are conducting trials with the electric fixed-wing VTOL (vertical take-off and landing) aircraft developed by Wingcopter, with the aim of building a drone delivery network capable of delivering essential needs across Japan. “The ongoing tests of Wingcopter aircraft … [Read more...] about ANA, Wingcopter test drone delivery to Japan’s hinterlands
