Dronamics gets equity funding for drone cargo network

Dronamics will receive up to €30 million in equity funding, aiming to accelerate the global rollout of its long-range drone logistics network, with a focus on the Middle East, said Svilen Rangelov, Co-Founder and CEO, Dronamics. The company’s Black Swan drone, offering high payload capacity and low operating costs, is poised to enhance logistics in remote areas, oil hubs, and for time-critical deliveries in the UAE and the Kingdom of Saudi Arabia. “With this decision doubling down on its previous investment in 2024, the EIC is clearly demonstrating the commitment to taking a proactive role in securing its technological future. It has never been a better time to build a large cargo drone,” Rangelov added.