The business use case and appetite for drone technology is growing rapidly, a marketplace that was worth $29.8 billion in 2022 and is growing 38.6 percent annually.
Serving this demand, Wingtra, which claims to be the world’s largest producer of commercial vertical take-off and landing (VTOL) drones, has closed a $22 million series B funding round as they accelerate their operations globally.
The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital) and some of the most successful Swiss Entrepreneurs. [Read more…] about Wingtra lands $22 million funding round for its commercial drones