Breaking News
0
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. More details

Drone company Wingcopter gets more firepower in vaccine delivery race

Stock MarketsJan 25, 2021 11:30
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Caroline Copley

BERLIN, Jan 25 (Reuters) - German start-up Wingcopter has secured fresh funding to strengthen its position in the race to offer COVID-19 vaccine distribution by air, seeking to get shots into the arms of people in hard-to-reach places, it said on Monday.

The company, based in Weiterstadt, is working on a number of trial projects for countries in Africa and Southeast Asia, aiming to scale up operations to deliver vaccines to millions of people, Chief Executive Tom Pluemmer told Reuters.

Pluemmer expects the pandemic to increase acceptance of unmanned aircraft and reshape logistics by transporting medical equipment and supplies quickly and safely while minimising human contact.

"COVID is now making it necessary to build it out fast, but once it's there we will have a new type of infrastructure that could carry things like medication, blood, lab samples and even normal daily goods," he told Reuters on Monday.

Wingcopter is one of several drone start-ups seeking to play a role in the delivery of vaccines in regions lacking good storage facilities or developed transport infrastructure.

North American company Draganfly DFLY.CD has been picked by Coldchain Technology Services to transport COVID-19 vaccines while start-up Volansi Inc has partnered with drugmaker Merck MRK.N to deliver temperature-sensitive vaccines in rural North Carolina.

Wingcopter said it has secured $22 million in Series A funding to help to set up the logistics infrastructure needed to distribute COVID-19 vaccines and ramp up drone production.

Investors included Xplorer Capital, a backer of ride-hailing service Uber UBER.N and self-driving car start-up Zoox, which was bought by Amazon AMZN.O last year.

The dronemaker has also received German government funding to build a healthcare delivery network in Malawi and has already started training local drone pilots.

One of Wingcopters's drones can transport about 2,500 vaccine doses a day, Pluemmer said, and the company is seeking partners to build a new drone that could carry up to 1,000 doses per flight.

Drone company Wingcopter gets more firepower in vaccine delivery race
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email