Wingcopter is a German manufacturer of unmanned eVTOL aircraft dedicated to improving the lives of people worldwide through meaningful commercial and humanitarian applications. Primarily, this German startup focuses on the delivery of medical goods as well as parcels and food.
Back in December 2019, Wingcopter received seven-digit financing from Singapore-based Corecam Capital Partners. Recently, the multi-family office from Singapore has increased its investment in Wingcopter in a second closing. However, the company didn’t disclose the exact figures.
According to Singapore-based firm, the reason for the second investment is the great commercial interest in Wingcopter. Wingcopter plans to grow from the current 45 team members to 70 within the next few months.
Wingcopter’s CEO Tom Plümmer:
We are very proud that Corecam is convinced of our approach and that they have provided us with additional financial resources after such a short time. With the additional capital, we will continue to expand the team to be able to meet the high demand and to accelerate the further development of the Wingcopter.
Milestone #1: Beyond-visual-line-of-sight flight (BVLOS)
Ever since the funding, Wingcopter, in cooperation with Merck and the Frankfurt University of Applied Sciences, performed the world’s first beyond-visual-line-of-sight flight (BVLOS) between two production facilities.
Milestone #2: Flown over a distance of 25 kilometers
Laboratory samples were flown over a distance of 25 kilometers from the Merck plant in Gernsheim to the company’s headquarters in Darmstadt – over highways and state roads, power and rail lines, and industrial infrastructure.
Milestone #3: Wingcopter delivered 90kg of medicines to remote areas
As part of a humanitarian aid project in Malawi, 90 kg of medicines were delivered by Wingcopter to remote areas that were partially cut off from the outside world by a flood, adding up to a total of over 10,000 flown kilometers within a month just in that specific project.
Milestone #4: African governments and international organizations have expressed their interest
Following the successful participation in the African Drone Forum and the Lake Kivu Challenge in Rwanda, several African governments and international organizations have expressed their interest in cooperating with Wingcopter.
Martin Lechner, the Managing Partner of Corecam Capital Partners, commented:
The worldwide commercial interest in Wingcopter’s innovative and powerful eVTOL drones is impressive. Based on the very positive development in recent months, we are supporting Wingcopter in the second round of financing to enable the team to implement their ambitious growth plans successfully”.
Main image picture credits: Wingcopter
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