Wingcopter, The German Drone Startup, Secures €40 Million

In a world defined by rapid technological advancements, Wingcopter is spearheading the drone delivery revolution. The German startup, which specializes in drone delivery, recently secured a hefty €40 million (around $44 million) investment from the European Investment Bank (EIB). This substantial cash influx will propel Wingcopter’s innovative aspirations and expansion plans.

On May 10, 2023, Wingcopter clinched the investment to bolster its hardware line development and launch a new logistics and delivery business, supported by the company’s drone fleet. The capital will fuel Wingcopter’s rapid growth, deepen its research and development, and broaden its operational scope, covering an array of markets and industries.

The EIB funding swells Wingcopter’s total capital to €100 million. Retail giant REWE, Xplorer Capital, Japan’s ITOCHU, and Expa, an investment firm initiated by Uber’s Garrett Camp, also contributed in previous fundraises. Wingcopter’s unique selling…