Dronamics awarded EU grant to accelerate cargo drone rollout

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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.”

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As the latest addition to the UKi Media & Events team, Elizabeth brings research skills from her English degree to her keen interest in the meteorological and transportation industries. Having taken the lead in student and startup publications, she has gained experience in editing online and print titles on a wide variety of topics. In her current role as Editorial Assistant, Elizabeth will create new and topical content on the pioneering technologies in transportation, logistics and meteorology.

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