Zurich, Switzerland, 21 March, 2023—The business use case and appetite for drone technology is growing rapidly. A marketplace that was worth $29.8B in 2022 is growing 38.6 percent annually. Serving this demand, the world’s largest producer of commercial vertical take-off and landing (VTOL) drones, Wingtra, today announced a $22M series B funding round as they accelerate their operations globally. The funding round included DiamondStream Partners, EquityPitcher Ventures, Verve Ventures, the European Innovation Council Fund (EIC Fund), ACE & Company, John L. Steffens (founder of Spring Mountain Capital) and some of the most successful Swiss Entrepreneurs.

The WingtraOne drone is rooted in years of robotics research at the Autonomous Systems Lab—one of the world’s best drone laboratories. Several of Wingtra’s employees have based their doctoral and master projects on VTOL technology and now pursue research and development at Wingtra.