DRONAMICS appoints CFO ahead of commercial launch and operational scale-up

DRONAMICS, the world’s leading middle-mile cargo drone developer and operator, today announced the appointment of Paul Morton as Chief Financial Officer and member of the Executive team.

The appointment comes at a key moment as the company prepares for the first commercial flights of its flagship Black Swan aircraft, gears towards operating its first commercial routes, and prepares for its Series A funding round set to launch later this year. Paul brings two decades of financial and commercial expertise, having previously held senior roles at DAZN, Perform, and Deloitte. Paul will report to CEO and founder Svilen Rangelov. Based in the UK, Paul will boost DRONAMICS’ growingly international Executive team.

”2022 will be a key year for growth, as we mark our first commercial flights with the Black Swan – our proprietary drone powered by clean and energy-efficient technologies. As a fast-growing technology company on the path to net-zero, that is looking to change the status quo in the cargo mobility sector, Paul’s valuable experience and knowledge will be vital as we prepare for our next round of funding and scale up our operations.” – said Svilen Rangelov, CEO and Co-Founder of DRONAMICS.

About DRONAMICS: Based in London (UK) and Sofia (Bulgaria), DRONAMICS is the world’s leading developer and operator of large cargo drones. Its flagship Black Swan is able to carry 350 kg of cargo at a distance of up to 2,500 km at up to 80% lower cost than any aircraft in existence, enabling same-day shipping over very long distances for e-commerce, pharma, and time-critical deliveries. DRONAMICS is founded and funded by leading entrepreneurs and executives in aviation, logistics, and technology from the US, Europe, Africa, and Asia, as well as by Founders Factory, Speedinvest, and Eleven Capital. The company’s fast-growing team includes some of the world’s top aerospace and logistics experts and is the winner of numerous awards for innovation, including IATA’s Drone Innovation Award. DRONAMICS is IATA’s first Strategic Partner for drones worldwide and has been named by the European Commission as a Top 10 EU-Africa startup.