Skyports raises £5.35 million in Series A funding

victoria@aviationnews-online.com
By victoria@aviationnews-online.com December 6, 2019 12:58

Skyports raises £5.35 million in Series A funding

Drone delivery operator Skyports has raised £5.35 million in Series A funding.

Jointly led by Deutsche Bahn Digital Ventures (DBDV) and Groupe ADP, the round also includes significant new investment from Levitate Capital following their seed investment in the company in January 2018.

This capital allows Skyports to continue its programme of acquiring sites for passenger and cargo vertiports in cities around the world, including Singapore and Los Angeles, the company said.

Skyports says the funding also allows plans to further develop its drone delivery business. Building on its acquisition of multiple drone platforms to suit operations in urban and rural environments, Skyports will expand the team for full commercialisation of its delivery services.

“We are delighted to welcome strategic investors with a long-term vision for the company,” said Duncan Walker, chief executive officer of Skyports. “Our investors bring expertise in mobility, infrastructure and airport operations. Their significant balance sheets and strong leadership in their respective markets allow Skyports to consolidate its leading position in the industry in these early stages and through to permanent commercial operations in multiple markets.”

DBDV and Groupe ADP will take seats on the Skyports board. Skyports has the option for a second close in the Series A round in the near future.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com December 6, 2019 12:58