Wingcopter Receives €40 Million Investment

Wingcopter announced that it has received 40 million euros in its Series A investment round. Wingcopter's Series A investment round size increased to 64 million dollars with the new 40 million euro investment. Wingcopter was founded in Germany in 2017 by Ansgar Kadura, Jonathan Hesselbarth and Tom Plümmer. Thanks to the patented technology it has developed, it produces drones that can take off and land vertically.

These drones are often used to deliver medicines and health products. The company's products are currently in active use in countries such as Vanuatu, Tanzania and Ireland. Wingcopter received 40 million euros in its latest investment round, led by REWE Group, Salvia and XAI technologies. Investors such as ITOCHU, Futury Capital and Xplorer Capital also participated in this round. The investment will be used to accelerate the startup's activities in Africa, increase production and grow its team.

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Wingcopter Expands!

Wingcopter is a German company that manufactures unmanned and fully electric delivery aircraft. It has a team of 150 people and makes commercial and humanitarian applications to improve and save lives around the world. Thanks to its patented tilt-rotor mechanism and proprietary software algorithms, the company flies long distances as efficiently and quickly as fixed-wing aircraft, but with the ability to take off and land vertically. Wingcopter has many investors including EIB, REWE Group, Salvia, XAI Technologies, Xplorer Capital, Futury Capital, ITOCHU, DRONE FUND, SYNERJET, Expa, Hessen Kapital III and Corecam Capital Partners.