Dronamics’ $2.6M EU grant precedes Series A round
Middle-mile drone delivery specialist Dronamics is revving up its push to prepare aerial transport services with an upcoming round of fundraising that has already received a $2.6 million head start grant from the European Commission’s European Innovation Council (EIC) Accelerator program.
The $2.6 million grant from the EIC seeks to support Dronamic’s efforts to assemble a fleet of its proprietary Black Swan drones to operate middle-mile drone deliveries – initially in Europe – and establish a network of airports and logistics centers to cover the continent. The European Union (EU) is the executive arm of the European Union, and the EIC is its unit promoting companies developing promising new technologies and services.
Read: Dronamics obtains first certification for EU-wide drone deliveries
In awarding its grant, the EIC also said it would extend what Dronamics described as “material commitment” to its planned Series A round of…