HomeFundingZurich-based Wingtra raises €9 million for its VTOL mapping drone

Zurich-based Wingtra raises €9 million for its VTOL mapping drone

Zurich-based drone startup Wingtra has developed WingtraOne, a VTOL (Vertical Takeoff and Landing) mapping drone that can be used in surveying, mining, and other industries.

WingtraOne’s VTOL capabilities enable it to take off and land like a multicopter while covering wide areas, and it carries high-resolution mapping cameras for maximum accuracy. Wingtra has already partnered with more than 50 of the biggest survey equipment dealers worldwide since its market entry in 2017, forming a strong user base.

Wingtra has now raised €9 million to further scale its business globally and invest in R&D. The investment came from Credit Suisse Entrepreneur Capital Ltd., Investiere, private investors, as well as existing investors including Zurcher Kantonalbank.

“We see high-growth potential with Wingtra due to the multiple impressive technological advancements across a range of dimensions, setting it apart from its competitors,” said Didier Denat, Chairman of Credit Suisse Entrepreneur Capital Ltd. and Head of Corporate & Investment Banking at Credit Suisse in Switzerland. “The attractive and fast-growing market of VTOL drones, together with the company’s recent key hires, will provide an outstanding setting for the company’s future growth.”

“We’re proud to have developed a product with a great market fit that helps our customers on a daily basis,” said Elias Kleimann, Founder and CFO at Wingtra. “With the funds raised, we’ll scale up our operations, expand our sales globally and improve our outstanding product to advance the aerial survey and mapping industry.”

Over the past two years, Wingtra has experienced rapid growth. Since 2017, the number of employees has more than doubled, from 30 to more than 70, and the WingtraOne has gone from its first sales in Switzerland to markets in more than 40 countries around the world.

- Advertisement -
Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

Most Popular