As part of its European Innovation Council (EIC) Accelerator program, the European Commission has awarded a €2.5m grant to Dronamics to rollout its cargo drone mobility solution.
Dronamics was one of the few companies awarded funding under the EIC Accelerator program, which had nearly 1,000 candidates. The grant is intended to support the development and rollout of Dronamics’ cargo drone fleet, including the deployment of the first droneports in its network. Dronamics aims to democratize air freight by enabling affordable and sustainable same-day delivery for businesses and communities everywhere, especially remote and under-served ones. The EIC has also expressed a material commitment to support Dronamics’ 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 a 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.”
