Last updated: October 06, 2024It was recently announced that German drone company Wingcopter will see investment from Expa, a global network of startup founders with Uber co-founder Garret Camp at the helm. Uber Trusted Source Company Information | Uber Newsroom Uber’s mission is to bring transportation—for everyone, everywhere. www.uber.com currently has 91 million monthly active users and 3.9 million drivers and has completed 10 billion trips worldwide so far.
Over the next few years, we can expect more hefty investments like this one aimed at this promising industry, which has seen exponential growth in recent times.
According to Business Wire Trusted Source Drone Package Delivery Global Market Report 2021: COVID-19 Impacts, Growth and Changes to 2030 | Business Wire The global drone package delivery is expected to grow from $0.68 billion in 2020 to $0.99 billion in 2021 at a compound annual growth rate (CAGR) of 45.5%. www.businesswire.com , the drone package delivery sector is set to reach 0.99 billion dollars in worth by the end of 2021, growing nearly 50% in just one year alone. This has been boosted somewhat by the impact of Covid-19, bringing forward the natural advance towards contactless deliveries.
Wingcopter has won several awards and continues to develop innovative new drones and related technology. They are primarily known for something called eVTOL, which enables drones to take off and land vertically using a patented tilt-rotor system. Combined with the fixed-wing designs of their devices, Wingcopter drones have a fantastic range of motion and, importantly, an ability to fly over long ranges without a need for docking and recharging in between journeys.
The company currently has two drone delivery pathways that include making the delivery drones and developing an autonomous drone delivery service infrastructure.
As it stands, the possibilities for drone delivery services are endless. From delivery of transplant organs needed for the 39,000+ transplants performed annually in America Trusted Source Annual record trend continues for deceased organ donation, deceased donor transplants | OPTN In 2020, for the tenth year in a row, organ donation from deceased donors in the United States set an all-time record. optn.transplant.hrsa.gov to general grocery shopping, parcels, and supplies – there’s a need for this kind of convenient, speedy, and eco-friendly delivery service. Wingcopter is leading the way, and clearly, Expa understands the potential and wants to get in on it early. Uber opened up the world of transportation for individuals, so it makes sense that they would strategically invest in a company innovating packages getting from A to B.
Expa isn’t the only company teaming up with Wingcopter at this time:
Everybody wants to be involved with this innovative company, and while Expa is incredibly excited to partner with them, they certainly won’t be the last to do so.
Currently, Expa has invested in Round A of investments with the company. Still, Round B opens up soon and is likely to see just as much success given the exciting track record and future plans of Wingcopter.
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