EIB backs Wingcopter with €40 million to boost its impact-led electric delivery drone service
Summary
Today, German startup Wingcopter has secured €40 million backing from the EIB as part of the e European Commission’s InvestEU programme under its sustainable infrastructure window. Wingcopter co-founder and CEO Tom Plümmer: “We would like to thank the European Investment Bank for their trust in us and their support as we strive to become a global leader in the drone-based delivery of urgently needed goods, from medical supplies to groceries. Our goal is also to improve lives by creating many jobs — in R&D and manufacturing at our headquarters in Europe, as well as in the countries where we provide services, where we train and qualify local young people to operate our drone delivery networks. The project’s goal is to improve local supply in rural German communities through a sustainable delivery service and will be conducted together with the Frankfurt University of Applied Sciences. With this new funding, the company will ramp up production of its flagship Wingcopter 198 model, expand delivery services in Europe and abroad, and accelerate the firm’s innovation efforts.