Natilus raises new funds to launch pilotless freight aircraft

Natilus, a manufacturer of large aircraft drones, has closed a second round of seed funding with investment from Starburst Ventures, Seraph Group, Gelt VC, Outpost Capital and Draper Associates.

The funds – the amount was not disclosed – will go toward what the company calls its “aggressive scaling strategy”, with the first Federal Aviation Administration-approved flight for its 30-foot prototype scheduled for late 2017, and a commercial market launch in 2020.

Just as the long-haul freight sector has made huge strides in efficiency gains and cost reduction due to technology innovation, Natilus says the $15.5 trillion global freight market is poised for disruption as it strives to offer customers more cost-effective delivery solutions beyond the decades-old vessels and aircraft which serve as its primary sources of transport.  Continue reading Natilus raises new funds to launch pilotless freight aircraft