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”
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.
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.
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