Tech Company Financing Transactions
Wingcopter Funding Round
REWE, Salvia and XAI Technologies participated in a $42 million Series A funding round for Wingcopter. The round was announced on 6/21/2022.
Transaction Overview
Company Name
Announced On
6/21/2022
Transaction Type
Venture Equity
Amount
$42,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand its drone delivery services globally, ramp up production, accelerate R&D efforts, and hire 80 new employees.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Feldstrasse 16
Weiterstadt, 64331
Germany
Weiterstadt, 64331
Germany
Phone
Undisclosed
Website
Email Address
Overview
We create efficient and sustainable drone solutions to improve and save lives. Everywhere. Wingcopter's core innovation is its unique tilt-rotor mechanism. It ensures a smooth and robust transition between hovering like a multicopter and efficient forward flying like an airplane. Engineered by our dedicated team in Germany, we have patented it in all major markets across the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tom Plümmer
Chief Financial Officer
Edouard Lamy
Chief Operating Officer
Mehdi Al-Radhi
Co-Founder
Jonathan Hesselbarth
Co-Founder
Ansgar Kadura
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Prev: 6/21/2022: Apowiser venture capital transaction
Next: 6/21/2022: Lumi Interactive venture capital transaction
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