The European Commission has granted Dronamics a €2.5 million grant under the coveted European Innovation Council (EIC) Accelerator program. The EIC has also stated a financial commitment to Dronamics’ future Series A financing.
The grant will fund the development and deployment of Dronamics’ cargo drone fleet, as well as the establishment of the company’s first droneports and operations throughout Europe.
Millions of people live in the European Union, in places that are typically days away by traditional freight. Dronamics seeks to democratize air freight by making same-day delivery cheap and sustainable for businesses and communities worldwide, particularly in rural and underserved areas.
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