Wingcopter has received a strategic investment from Expa, a worldwide network of startup founders that supports entrepreneurs via knowledge, access, and financing.
Wingcopter receives strategic investment to expand drone deliveries
Getting things where they need to go isn’t always easy, yet it’s frequently essential. This is where drone deliveries from companies like Wingcopter
Wingcopter’s highway is the sky, whether it’s delivering critical supplies, life-saving medication, packages, or replacement parts. Wingcopter’s assistance fits with Expa’s goal of partnering with tech-enabled businesses to create the next generation of sector leaders and address global problems via innovation.
Expa’s hands-on, partnership-driven strategy has resulted in the creation and development of industry-shaping businesses such as Beacon, Aero, and Convoy in transportation and logistics.
Wingcopter’s new flagship aircraft, the Wingcopter 198, is an all-electric delivery drone intended for safe, dependable, quick, and bi-directional deliveries in a variety of application scenarios.
Because of its fixed-wing construction, the company’s unique tilt-rotor technology enables vertical take-off and landing (EVTOL) as well as efficient forward flying over extended distances.
Wingcopter’s key value proposition is to assist its partners in increasing operational efficiency by pioneering triple drop technology, using smart and easily swappable batteries to maximize time in the air, and developing software that will allow a single pilot to fly and monitor up to ten drones at the same time.
“Just how Uber revolutionized the way people get from point A to point B, Wingcopter is providing that same level of innovation to the transport of goods including urgently needed medicine and medical supplies, groceries, or freshly prepared food, and even has the power to automate e-commerce. Accelerated by the tailwinds of the global pandemic, we approach an inflection point in consumer adoption and industry regulation. Wingcopter is ideally positioned to capitalize on this momentum thanks to its cutting-edge delivery drone, software and services,” said Garrett Camp, Founder, Expa. “Given the team’s track record and impressive technology stack, Wingcopter will have a deep impact on supply chain transformation, logistics and on-demand delivery.”
Wingcopter’s innovation has already garnered considerable commercial momentum and inbound attention from world-class companies. As a result, the firm recently announced a collaboration with America’s biggest air medical service provider, Air Methods, to establish a drone-based medical delivery network for thousands of hospitals throughout the country.
Wingcopter works with ANA Holdings Inc., the parent company of Japan’s largest airline, All Nippon Airways, in Japan. ANA intends to establish a drone delivery network to assist enhance the quality of life in rural regions across the nation.
Wincopter CEO and co-founder Tom Plümmer.
Wingcopter is supported by a diverse group of institutional investors, including Xplorer Capital of Silicon Valley. It is planning its Series B round based on significant market traction. Expa believes in Wingcopter’s development phase and continuing financing, although the company typically invests in earlier phases.
Along with its investment in Wingcopter, Expa is expanding its portfolio in Europe and aggressively seeking early-stage investment opportunities in transportation, logistics, advanced technology, fintech, and health and wellness.
“We couldn’t be more excited to partner with Expa and Garrett which bring a brilliant network and years of experience building and globally scaling companies that disrupt entire industries,” said Tom Plümmer, CEO & Co-Founder, Wingcopter. “With their hands-on approach ‘By builders for builders’, Expa is actively supporting our strategy to create national-scale logistical highways in the sky.”
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