Wingcopter receives investment from Japan-based DRONE FUND
German drone delivery pioneer Wingcopter announced that it has received an investment from DRONE FUND.
DRONE FUND is a Japan-based venture capital company specializing in drone and air mobility related startups. The investment is made out of DRONE FUND’s JPY 10 billion/USD 90 million strong third fund, called DRONE FUND III (officially DRONE FUND III Investment Limited Partnership), and comes in the run-up of Wingcopter’s Series B investment round. It is DRONE FUND’s first investment in eVTOL drone technology as well as its first investment in a German company.
“Wingcopter already has deep ties with Japan. Last year, the company signed a partnership agreement with Japan’s biggest airline ANA. Together with Wingcopter, ANA plans to build a drone delivery network to help improve quality of life in rural areas across the country. Extensive trials have already taken place in the past months,” reads the release.
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