Germany-based Wingcopter, an aviation startup that manufactures and uses drone technology to meet humanitarian and commercial needs, secured a USD 16 million contract on 24th January 2022.
Contract Worth USD 16 million
The contract has been secured with Spright, which is operated and owned by Air Methods, a leading provider of air medical services in the United States. Spright will acquire an extensive fleet of Wingcopter’s 198 delivery drones as part of the agreement. The purpose is to meet the demand for medical drone delivery solutions in the United States. Spright now has exclusive access to Wingcopter’s fixed-wing eVTOL delivery drone technology for its operations in the US.
Hence, Spright will provide third parties with maintenance, repair, and overhaul (MRO) services for the Wingcopter 198, an ideal fit in part due to its extensive network throughout the country. As a result of the agreement, the two companies’ strategic partnership, announced in August 2021, is strengthened even further. Furthermore, Spright closely partners with Wingcopter in their FAA type-certification processes and utilises Spright’s deep aviation knowledge.
About Wingcopter
Founded in 2017 by Tom Plümmer, Jonathan Hesselbarth and Ansgar Kadura, Wingcopter is located in Darmstadt, Germany. Wingcopter is an aviation startup that manufactures and uses drone technology to meet humanitarian and commercial needs. Due to a lack of infrastructure and rugged terrain, the startup is dedicated to providing transportation for supplies that must be delivered immediately. Using their patented tilt-rotor technology, Wingcopter 198, a signature product of the startup, is capable of horizontal takeoffs and landings and long-range flights as efficiently as fixed-wing planes.
What the founder has to say
“This multi-million-dollar commercial agreement with Spright is clear proof that the Wingcopter 198 has a perfect product-market-fit. We are proud to enable large-scale drone delivery across the United States with this strong partnership. The projected compound annual growth rate (CAGR) for the drone delivery market of more than 50 % to a total volume of almost USD 40 billion in 2030 underlines the rapid adoption of eVTOL technology for last-mile logistics. We are happy to be at the forefront of this fast-growing market together with Spright,” said Tom Plümmer, Co-founder and CEO at Wingcopter.
What the Spright’s president has to say
“We are fortunate to have Wingcopter on board as our aircraft technology partner. With their industry-leading eVTOL aircraft design, Wingcopter brings a level of maturity needed to address the complex and diverse demands of the US healthcare market. We are confident that our combined strengths will deliver innovative, time-saving solutions to meet the needs of our customers and their communities,” said Joseph Resnik, President at Spright.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our 2022 best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
