German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. The company, which focuses on drone delivery, has come a long way since its founding in 2017, having developed, built and flown its Wingcopter 178 heavy-lift cargo delivery drone using its proprietary and patented tilt-rotor propellant mechanism, which combines all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer distance horizontal flight. This new Series A round was led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth.

Topics:  silicon valley vc xplorer capital   futury regio   growth    u.s    american    u.s    vanuatu   ireland    bvlos   jonas wresch   while wingcopter   bvlos    u.s    linear   vcs   merck   they re   oem    u.s    series b it s    u.s    german   m&a   unicef s african drone   data   academy   wingcopter   series a   wingcopter ceo   tom   plümmer   u.s    unicef   tanzania    wingcopter    we   faa   million   expand   delivery   business   potential   company   process   revenue   flight   regulatory   hardware   model   startup   certification   technology   market   tilt-rotor   software   work   working   service   selling   operating   future   markets   testing   point   patented   developed   partnership   flights   globally   partners   early   cargo   sense   mechanism   take-off   realized   built   days   operations   long   heavy-lift   intend   doesn   multiple   unique   efficient   including   delivery-as-a-service   building   kind   conditions   fly   defense   range   source   world   good   industries   visual   
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