Dronamics
Assembly Line
EIC recommits to cargo airline Dronamics with €10M investment
Bulgarian cargo airline Dronamics has received a €10 million investment from the European Innovation Council following its previous €2.5 million grant last February.
Dronamics, the world’s first cargo drone airline, operates large long-range drones built specifically for cargo. Its flagship Black Swan expects to carry 350 kg at a distance of up to 2,500 km up to 80 per cent faster, 50 per cent cheaper and with up to 60% lower emissions than alternative modes of transport, including airfreight.
Black Swan is currently undergoing flight testing and expects for this phase to be completed this year. The EIC’s funding will then be used for commercialisation with initial flights operating out of Greece.