The European Investment Bank (EIB) has granted $11.8 million to German small uncrewed aircraft systems (sUAS) company Quantum Systems to keep pace with spiking business demands. The Munich-based startup will use the funds to boost its small craft solution activities for mapping and surveillance clients, and pursue continued expansion according to strict environmental, social, and governance (ESG) criteria.
European “climate bank” grants sUAS startup Quantum Systems millions for environmentally friendly business development
A young but dynamic European player in the development, design, and production of small UAS, Quantum System, received the EIB infusion to enable it to keep pace with its considerably surging business demand. Serving as the European Union’s (EU) bank on sectors and companies promising positive effects on climate change, the EIB agreed to provide the funding after judging Quantum’s research, development, and business plans honed to the bank’s…