SKYCORP Technologies, headquartered in Tartu, Estonia, has succeeded in obtaining €305K in pre-seed funding from a consortium of investors, including Destiny Energy, Baltic Sandbox Ventures, Syda Ventures, and angel investor Artur Dianov. The company is committed to the development and production of hydrogen drones and associated infrastructure for long-endurance applications, with the aim of revolutionising aerial operations through environmentally-friendly solutions powered by hydrogen fuel cell technology. This financial support will enable SKYCORP Technologies to accelerate the commercialization of its Generation 2 e-Drone Zero hydrogen drone and expand its operational capabilities in 2024, further advancing their state-of-the-art technology and establishing their position in the burgeoning hydrogen drone market.
Established with the goal of transforming aerial operations, SKYCORP Technologies strives to offer sustainable, long-endurance solutions powered by hydrogen fuel cell technology. The Gen2 e-Drone Zero offers numerous advantages over traditional drone technology, including significantly extended flight times, reduced environmental impact, and the ability to serve a wide range of commercial and non-commercial applications.
The applications of SKYCORP Technologies’ hydrogen drones are diverse, covering critical use-cases such as emergency response, surveillance, inspection, and disaster response. By harnessing the potential of hydrogen, the company empowers industries to achieve heightened efficiency, safety, and environmental responsibility.
Marek Alliksoo, CEO and Co-founder of SKYCORP Technologies, expressed his delight at the success of the pre-seed funding round, stating, “With the support of our esteemed investors, we are well-positioned to bring our hydrogen drones to market, driving innovation and sustainability in various industries. Hydrogen represents the dawn of a new era in aerial capabilities, and we’re on the frontline of this revolution.”
Vijay Sirse, the Founder and CEO of Destiny Energy, one of the lead investors, remarked, “We are proud to be part of SKYCORP Technologies’ journey to reshape the drone industry. The potential for hydrogen drones is immense, and we see them as a fantastic fit for inspecting and protecting our distributed renewable energy sites in Baltics and Asia.”
Erik Bhullar, Partner at Baltic Sandbox Ventures, also shared his enthusiasm, stating, “Choosing to co-lead the round in SKYCORP Technologies is about more than investing in cutting-edge tech — it’s about endorsing a paradigm shift. Their story is one of a brighter, cleaner, and more connected future; and we’re here for it.”
In conclusion, the funding secured by SKYCORP Technologies signifies a significant milestone in their journey to introduce hydrogen drones and advance sustainability in the field of aerial operations. With the support of their investors, the company is poised to make a profound impact in the emerging hydrogen drone market, offering innovative and sustainable solutions for various industries.
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