Dronamics Awarded Grant to Boost Cargo Drone Fleet

Dronamics will use the €2.5 million grant to progress with the roll-out of its cargo drone fleet and deployment of first droneports By Joe Macey / 25 Nov 2022
Dronamics has been awarded a grant to roll-out its cargo drone fleet.
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Cargo drone airline Dronamics is set to continue work on its fleet after a €2.5 million grant from the European Innovation Council (EIC) Accelerator program.

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

According to Dronamics, the EIC has also expressed a material commitment of support in the upcoming Series A round.

Svilen Rangelov, Co-Founder and CEO of Dronamics, said: “We are honored to receive this support from the European Innovation Council, which we see as testament to the impact that cargo drone logistics can have on the European Union economy at large. 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 revolutionize air cargo mobility.”

Dronamics is believed to be one of the few companies awarded funding by the EIC Accelerator program, which had nearly 1,000 candidates.

Posted by Joe Macey Joseph Macey is a Content Specialist at Advanced Air Mobility International, focusing on emerging aviation technologies since joining in 2022. He has particular expertise in eVTOLs, vertiports, and propulsion systems. A graduate of Falmouth University in Journalism, Joseph began his career in 2019 as a local reporter. His journalism experience sharpens both his reporting and interview skills, enabling him to deliver well-informed, authoritative insights on the latest trends in the aviation sector. Connect

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