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Dron­am­ics, the world’s “first car­go drone air­line” with license to oper­ate in Europe, announced last week it has been award­ed a EUR2.5 mil­lion grant by the Euro­pean Com­mis­sion under the Euro­pean Inno­va­tion Coun­cil (EIC) Accel­er­a­tor pro­gram, reports a press release. The EIC has also shown inter­est in sup­port­ing Dron­am­ics’ up and com­ing Series A round.

The grant is to sup­port the devel­op­ment and roll-out of Dron­am­ics’ car­go drone fleet, the deploy­ment of droneports in its net­work, as well as oper­a­tions around Europe.

Dron­am­ics was select­ed as one of only a few com­pa­nies to be award­ed fund­ing from close to 1,000 can­di­dates.

The com­pa­ny aims “to democ­ra­tise air freight”, by cre­at­ing afford­able and sus­tain­able same day deliv­ery for busi­ness­es and com­mu­ni­ties espe­cial­ly in remote and under-served areas.

Svilen Rangelov, Co-Founder and CEO of Dron­am­ics, com­ment­ed, “We will use this grant to estab­lish our Euro­pean oper­a­tions and keep bring­ing inno­va­tion to help ele­vate com­mu­ni­ties and busi­ness­es using break­throughs in avi­a­tion and tech­nol­o­gy that will rev­o­lu­tionise air car­go mobil­i­ty”

Back­ground

Аs a lead­ing devel­op­er and oper­a­tor of large, long-range drones built specif­i­cal­ly for car­go, Dron­am­ics flag­ship, Black Swan, is able to car­ry 770 lb at a dis­tance of close to 1,550 miles. It is up to 80 per­cent faster, 50 per­cent cheap­er and with around 60 per­cent low­er emis­sions than alter­na­tive modes of trans­port, includ­ing air­freight.

This enables same-day ship­ping over very long dis­tances for a vari­ety of indus­tries from phar­ma and food to e‑commerce and spare parts. Dron­am­ics is Europe’s first licensed car­go drone air­line and IATA’s (Inter­na­tion­al Air Trans­port Asso­ci­a­tion) first Strate­gic Part­ner for drones world­wide.

Svilen Rangelov

The EIC was estab­lished by the Euro­pean Com­mis­sion last year, fol­low­ing a three year suc­cess­ful pilot phase. Its aim is to iden­ti­fy, devel­op and scale up break­through tech­nolo­gies and dis­rup­tive inno­va­tion. It has a bud­get of over EUR10 bil­lion for the peri­od 2021–2027.

The fund­ing and sup­port is divid­ed in to three main fund­ing areas. The EIC Pathfind­er for advanced research for break­through tech­nolo­gies; Tran­si­tion to val­i­date tech­nolo­gies and devel­op busi­ness plans for spe­cif­ic appli­ca­tions; and the Accel­er­a­tor to sup­port com­pa­nies (SMEs, start-ups and spin-outs) to bring their inno­va­tions to mar­ket and scale up.

For more infor­ma­tion

https://www.dronamics.com