In May, Wingcopter announced a plan to deploy 12,000 of its fixed-wing drones in Africa over the next five years. It makes sense to target users in remote areas that can be difficult to reach due to infrastructure issues.
The German startup just announced a $42 million funding round for a project like this. Wingcopter has raised over $60 million to date. German retail firm REWE Group was involved in the project.
REWE is one of the most interesting investors here. The company operates more than 12,000 grocery stores in Europe, and such a deal points to interesting uses for Wingcopter's large 198 system to do more than the medical supply delivery it's been focused on. Wingcopter's system was recently approved by the FAA, as it looks toward the U.S. for its rapid expansion.
The image is of a helicopter.
Funding will be used to increase the company's head count by 80, as well as build out new features for the drone.
Wingcopter creates efficient and sustainable drone solutions. In order to build what has not existed before, we are hiring passionate pioneers. With the new funding and growing revenue, we are in an excellent position to roll out our industry-leading drone delivery solution.
As larger companies like Amazon and Wing expand their delivery trials, the news comes.
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