26.01.2021
Stuttgart – Luther Rechtsanwaltsgesellschaft provided the American Venture Capital Fund Xplorer Capital with comprehensive advice during a USD 22m series A funding in Wingcopter GmbH. The California based fund acted as lead investor together with Futury Regio Growth Fund, a Germany-based growth capital fund focusing on investments in globally scalable business models, and Futury Ventures and Hessen Kapital III. Luther worked in collaboration with Cristina Audran-Proca and Theodore H. Cominos (Eversheds Sutherland LLP).
By acquiring the shares in Wingcopter, Xplorer Capital accelerates its strategy of investing in disruptive technologies that aim to transform the industries on a global level and concurrently secures important shares in the market in Germany, a center for this technology.
Wingcopter develops medium-haul drones, that due to their unique tilt rotor-mechanism ensure a smooth and safe shift from hovering to flying straight ahead. These pilotless cargo-drones are able to transport essential medication and provisions as part of the supply infrastructure and can also be utilized for regular parcel delivery. The technology was developed by Wingcopter GmbH and is already patented in all major global markets. Wingcopter will use the funds to strengthen its leadership in drone-based logistics, with a special focus on healthcare-related applications, including the distribution of COVID-19 vaccines. At the same time, Wingcopter is well-positioned and ready to establish more partnerships worldwide centering around other fully automated delivery applications.
On behalf of Xplorer Capital:
Luther, M&A/Venture Capital, Stuttgart: Dr Thomas Kuhnle (Partner, Lead), Michael Ströbel, LL.M. (University of Auckland) (Senior Associate), Rares Holonec (Associate)
Eversheds Sutherland LLP: Cristina Audran-Proca (Lead), Theodore H. Cominos
On behalf of Wingcopter:
FPS Fritze Wicke Seelig, Frankfurt: Philipp Weber
(Photo: Wingcopter)
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