Wingtra Soars to New Heights with $22M Funding Boost for Commercial Drone Expansion
Wingtra, the world's largest commercial vertical take-off and landing (VTOL) drone producer, has secured $22 million in a series B funding round, setting the stage for accelerated growth and product innovation.
The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens, and several successful Swiss entrepreneurs.
The company's flagship drone, the WingtraOne VTOL, has established itself as a powerful aerial data solution in various industries, including construction, mining, environmental monitoring, agriculture, and urban planning.
Its unique VTOL design allows for take-off and landing in confined spaces or rough terrain, enabling extensive data collection.
Wingtra drones have been adopted by hundreds of businesses and organizations in 96 Countries, with over 100,000 flights per year, mapping 18 million acres of land and sea, the drone maker says in a statement.
Wingtra's second-generation drone, the WingtraOne Gen II, launched in 2021, offers superior survey-grade 2D and 3D maps, allowing users to make better-informed decisions. This Drone Technology is up to 30 times faster and 90% cheaper than traditional surveying methods.
“Our vision at Wingtra is to create a world where drones help people make the management of large parts of our planet more sustainable and efficient. We reduced the cost of adopting drone assets and increased the data quality. This will help industry to plan better and, fundamentally, improve safety for humans and the environment,” Maximilian Boosfeld, CEO and co-founder of Wingtra said.
“We have built the best tool for accurate data collection and have created solutions together with our partners for a variety of use cases our customers face: As an example, our solution is used in all stages of the construction life cycle: from the concept phase (feasibility & right-of-way studies), over the design phase (bidding process, detailed design & site planning), the construction phase (progress tracking to built survey all the way to maintenance, repair and operations. And the same holds true for use cases in agriculture, land management and environmental protection. We will continue to innovate and solve the problems of the future with easy to use solutions.”
Founded by four young entrepreneurs, Maximilian Boosfeld, Basil Weibel, Elias Kleimann, and Sebastian Verling, Wingtra emerged from the Autonomous Systems Lab of ETH Zurich, one of the world's top tech universities.
Initially a thesis paper, it later became a startup at the Wyss Zurich accelerator and has since grown into the world's largest producer of commercial VTOL drones. Today, the company employs nearly 200 people and has offices in Switzerland, the US, and Croatia.
As Wingtra scales up, it has added five industry veterans to its senior leadership team, including Marcos Bayuelo as VP of Product, Aleksandar Kostadinov as VP of Sales and Customer Success, Alberto Toledo as GM in the US, Corinna de Maddalena as VP of People, and Marco Schicker as COO.
Wingtra's goal is to revolutionize the mapping workflow for surveying and mapping professionals, enabling them to work more efficiently and quickly. With the new funding, the company plans to launch significant new features, camera integrations, and products in the coming years.
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