Darmstadt, December 13, 2019 – The German drone start-up Wingcopter has secured a seven-digit financing. The investment comes from Singapore-based Corecam Capital Partners. Wingcopter develops and produces autonomously flying delivery drones for social and civilian applications – true to the company’s guiding principle “Technology with a Purpose”. With its patented tilt-rotor mechanism the startup closes the gap between commercial drones, helicopters and fixed-wing aircraft, thus achieving a new dimension of efficiency.
With the funds raised, the 35-member team headed by the three founders Tom Plümmer (CEO), Jonathan Hesselbarth (CTO) and Ansgar Kadura (COO) intends to bring in further specialists, speed up the development of the next Wingcopter generation and expand its global maintenance and sales network. Already today Wingcopter serves various clients in 10 countries.
Martin Lechner, Managing Partner of Corecam Capital Partners, is convinced: “The investment in Wingcopter is the ideal addition to our existing portfolio in the fast-growing drone technology market. Their unique tilt-rotor mechanism as well as the strong global patent protection and the interest of blue-chip customers were decisive for us”.
With its offering of efficient eVTOL drones, Wingcopter meets a rapidly growing global demand. Thanks to the fusion of two drone types in one through the tilt-rotor, Wingcopter drones, just like multicopters, can take off and land vertically in the smallest of spaces. As soon as the Wingcopter has reached its desired flight altitude, all four rotors swivel by 90 degrees and turn the drone into an unmanned airplane in a matter of seconds. This smooth transition enables ranges of up to 75 miles/120 kilometers in one flight and a Guinness world record speed of 150 miles/240 kilometers per hour. Even in strong winds of up to 55 mph/90 km/h or bad weather condition, the Wingcopter flies autonomously and reliably. The long-range drone can thus be ideally used for life-saving deliveries of medical products such as medicines, vaccines, blood or lab samples as well as for the delivery of parcels (e-commerce/postal service) or food.
“We are pleased to have won Corecam as a renowned investor with extensive experience in the drones sector. The financing will help to significantly speed up our growth, meet the already high domestic and international demand and focus on the most promising markets with regards to global expansion. Our vision is to sustainably improve the lives of people around the world with our technology,” commented CEO Tom Plümmer on the financing round.
Wingcopter has already successfully carried out various projects in which medical supplies were delivered over long distances to remote regions, including a six-month pilot project with DHL and the German development agency giz in Tanzania and a project on the South Sea island of Vanuatu, where Wingcopter, on behalf of the local Ministry of Health and supported by UNICEF, successfully tested the supply of vaccines for children over several months. In both tests, the Wingcopter reduced the patients’ waiting time from several hours or even days to a few minutes. Wingcopter can thus significantly improve health care in many places.
In Ireland, Wingcopter, in partnership with Vodafone and local customer SIS, recently delivered insulin beyond visual line of sight (BVLOS) for the first time in Europe and over a distance of 14 miles/21 kilometers despite harsh wind conditions. Further successful projects have been carried out in Japan, England, Malawi, Ethiopia, Norway, Canada and the Arctic, where the drone’s performance has been demonstrated under extreme conditions (- 44 °F/- 42 °C).
Wingcopter is currently planning to test a new delivery application in the USA together with a tier-one partner, leading to further disruption of the logistics’ status quo. Furthermore, the company is already in talks with selected investors about the next financing round.
Wingcopter is an award-winning German manufacturer of innovative eVTOL drones, dedicated to improving the lives of people worldwide through meaningful and civilian applications. The Darmstadt-based start-up is currently focussing on the delivery of medical goods as well as parcels (e-commerce/parcel service) and food. With its unique, patented tilt-rotor mechanism, the company closes the market gap between commercial drones, helicopters and fixed-wing aircraft, thus achieving a new dimension of efficiency.
Like multicopters, Wingcopter’s electrically powered drones can take off and land vertically in the smallest of spaces before being transformed into unmanned aeroplanes in a matter of seconds. This enables ranges of up to 75 miles/120 kilometres and a Guinness world record speed of 150 mph/240 km/h. Even in strong winds of up to 55 mph/90 km/h or bad weather, the Wingcopter flies autonomously and reliably. Wingcopter is, among others, the winner of the International German Aviation Prize (IDL), winner of the Hessian Founders’ Prize, and one of the winners of the Digital Logistics Award of the Fraunhofer Institute, as well as the record holder of the “DroneMasters” marathon. Co-founder and CEO Tom Plümmer has been added to the 2019 Forbes 30 Under 30 list. For further information visit www.wingcopter.com.
About Corecam Capital Partners
Corecam Capital Partners is the direct investments arm of the Corecam Investment Group. Corecam is an independent and partner-owned Family Office for global entrepreneurs and their families. Founded in 2009, the group manages more than USD 2.5bn with around 50 employees in Singapore, Vienna, Zurich, Frankfurt and Ho Chi Minh City. Corecam Capital Partners provides investors with access to a regular dealflow of privately sourced and inhouse structured deals through its direct investment platform. The investment focus lies on Private Equity Real Estate, Private Equity and Private Lending investments. For further information visit www.corecam.com.