Dronamics raises $40mn pre-Series A funding

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https://www.logupdateafrica.com/cargo-drones/dronamics-raises-40mn-pre-series-a-funding-1347888

$40 million in addition to €2.5 million ($2.7 million) grant Dronamics was awarded by the European Commission

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Pete MacIntyre joins Dronamics as Chief Legal Officer and Executive Team member and Robert Harnan joins the Senior Management team as Director of Supply Chain and External Manufacturing.

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With an expected firm contract value of $4.5 to $5.5 million, Quickstep intends to construct thousands of Black Swan cargo drones for the global market.

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Zero Petroleum’s ZERO SynAVGAS fuel will be used in Dronamics’ Black Swan drone

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The agreement assures that DRONAMICS' cargo drone manufacturing will fulfill the need for commercial routes to be opened in Europe in 2023

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