Zurich - Wingtra has raised 10 million US dollars in financing round. The start-up manufactures special drones for aerial photography. It wants to use the funds raised to expand its sales globally.
Wingtra has closed a fundraising round with $10M. Participants included new investors such as the risk capital arm of Credit Suisse and investiere.ch as well as existing investors such as Zurcher Kantonalbank.
Wingtra manufactures special drones for aerial photography and remote sensing. It combines the positive properties of multirotors and fixed-wing aircraft. The start-up’s drones take off and land vertically like a helicopter. At the same time, it flies efficiently forwards like a plane. Thanks to its high load-bearing capacity, it can also carry a large selection of cameras.
Didier Denat, Chairman of Credit Suisse Entrepreneur Capital Ltd.: “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. The attractive and fast-growing market of VTOL drones will provide an outstanding setting for the company’s future growth.”
Wingtra was founded in 2017 as a spin-off of the Swiss Federal Institute of Technology (ETH) Zurich. Since then the Zurich-based start-up has doubled its workforce to more than 70 people. Its drones are already sold in 40 countries. Elias Kleimann, Founder and CFO at Wingtra: ”With the funds raised, we’ll scale up our operations and expand our sales globally.”