Share on facebook
Share on twitter
Share on linkedin

Wingtra closes Series A fundraising round with $10M to fuel further growth

The Swiss drone developer and producer, Wingtra Ltd., recently raised USD 10 million to further scale its global business. The company leads the vertical take-off and landing (VTOL) drone industry and will use the funds to further grow their global footprint and push the limits in research and development. Credit Suisse Entrepreneur Capital Ltd., Investiere and private investors, as well as existing investors like Zurcher Kantonalbank, took part in this financing round.

“We see high-growth potential with Wingtra due to the multiple impressive technological advancements across a range of dimensions, setting it apart from its competitors,” said Didier Denat, Chairman of Credit Suisse Entrepreneur Capital Ltd. and Head of Corporate & Investment Banking at Credit Suisse in Switzerland. “The attractive and fast-growing market of VTOL drones, together with the company’s recent key hires, will provide an outstanding setting for the company’s future growth.”

Wingtra focuses on optimization as well as research and development around its WingtraOne VTOL fixed-wing survey and mapping drone. Since its market entry in 2017, it has partnered with more than 50 of the biggest survey equipment dealers worldwide and formed a strong user base. The drone’s VTOL capabilities enable it to take off and land like a multicopter but cover wide areas like a fixed-wing UAV. This also allows WingtraOne to carry high-resolution mapping cameras that achieve the highest resolution and accuracy in the professional drone market.

“We’re proud to have developed a product with a great market fit that helps our customers on a daily basis,” said Elias Kleimann, Founder and CFO at Wingtra. “With the funds raised, we’ll scale up our operations, expand our sales globally and improve our outstanding product to advance the aerial survey and mapping industry.”

The WingtraOne is a VTOL mapping drone offering unprecedented coverage and accuracy for survey, mining and other industries.

Over the past two years, Wingtra has experienced rapid growth. Since 2017, the number of employees has more than doubled, from 30 to more than 70, and the WingtraOne has gone from its first sales in Switzerland to markets in more than 40 countries around the world.

Credit Suisse Entrepreneur Capital Ltd., a private equity investment vehicle of Credit Suisse in Switzerland, was one of the key investors in the fundraising round. It provides small and medium-sized businesses as well as young entrepreneurs with risk capital of USD 200 million (also see: www.credit-suisse.com/entrepreneurcapital).

Share on facebook
Share on twitter
Share on linkedin

Published by

Wingtra
Wingtra

Wingtra develops, produces and commercializes high precision VTOL drones that collect survey-grade aerial data.

Read about our drone

White Paper

Reaching 1 cm (0.4 in) absolute accuracy

Read our test setup and results that proves that the WingtraOne drone repeatedly reaches the best-in-class 1 cm (0.4 in) absolute accuracy.

Read more

wingtra pix4dmatic
Company news

Wingtra and Pix4Dmatic integration brings 2x faster orthomosaic and point cloud generation

Wingtra’s recent WingtraHub 1.0 release has launched to fully support a lean workflow between the WingtraOne drone and Pix4Dmatic, a fresh Pix4D product for reliable speedy processing of large datasets. This integration is especially key since Wingtra’s VTOL drone is designed to map large sites fast and safely while providing the best possible data quality. The high-quality datasets that result can now be processed into point clouds and orthomosaics at twice the speed on average with Pix4Dmatic.

Coverage and labor costs calculator for drone surveying

See how much time and labor costs you’d save when switching to drone surveying with WingtraOne compared to other drones and to terrestrial surveying methods.

We use cookies to provide a user-friendly experience. By continuing to browse this site, you give consent for cookies to be used and stored on your device. To find out more please read our Privacy Policy.