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Dronamics, cargo drone airline founded by brothers gets €10M from EIC

Dronamics Black Swan
Picture credits: Dronamics

Dronamics claimed to be the world’s first cargo drone airline headquartered in Bulgaria, has snapped a €10 million investment from the European Innovation Council (EIC). This follows the €2.5 million grant raised last year. 

Notably, Dronamics has been a member of the EIC’s accelerator programme since November 2022. It was selected from nearly 1,000 candidates across the EU as one of the 74 companies to have been awarded funding by the EIC Accelerator program at that round. Only two Bulgarian companies made that round. 

The company’s flagship drone – Black Swan is currently under flight testing and this phase is expected to be completed this year. After the testing phase, Dronamics will use the investment to debut its commercial operations in Greece.  

Long-range commercial drones

Founded by brothers – Svilen and Konstantin Rangelov in 2014, Dronamics provides an all-in-one solution to its customers, by selling capacity on its routes, not aircraft. Alongside the Black Swan, the company is establishing a network of drone ports and fully remote control and cargo handling operations, ensuring end-to-end operational efficiency. This comprehensive approach streamlines the entire logistics process, providing a seamless end-to-end experience for clients.

Black Swan: Same-day delivery drone

Dronamics’ flagship Black Swan can carry 350 kg at a distance of up to 2,500 km up to 80% faster, 50% cheaper, and with up to 60% lower emissions than alternative modes of transport, including airfreight. Black Swan enables same-day shipping over very long distances for a variety of industries: from pharma to food, from e-commerce to spare parts. 

The Black Swan drone has a competitive advantage due to the use of certified technology from tier-one aerospace partners and a leading-edge design developed by the company’s world-class engineers.

Co-Founder and CEO Svilen Rangelov commented: “By investing in Dronamics, the EIC is demonstrating their support for our vision, our team, and our common ambition. This investment also shows the commitment the European Commission is making towards supporting innovation in mobility – a sector of strategic importance for Europe, one that contributes to the EU’s competitiveness in transportation on a global scale and plays a significant role in its freedom of movement economy.”

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