Thursday, May 2, 2024

Germany: EIB Supports Drone Startup Quantum Systems with Venture Debt

EIB Backs Quantum Systems' Drone Development with Venture Debt. Quantum Systems, a German drone startup, has secured a €10 million loan from the European Investment Bank (EIB). This venture debt financing allows Quantum to grow without giving up ownership control, unlike traditional equity financing.

Quantum's Focus: Quantum specializes in developing small Unmanned Aerial Systems (sUAS) for both commercial and government applications.

Their drones offer:

Vertical take-off and landing (eVTOL) capabilities

Long-range flight through efficient electric and aerodynamic design

High-quality data collection

These features make Quantum's drones ideal for tasks like:

Search and rescue operations

Smart farming

Mining and construction site surveying

Real-time situational awareness

Railway inspections

Benefits of EIB Funding

The EIB loan provides Quantum with several advantages:

Maintains Ownership Control: Unlike venture capital, Quantum's founders retain majority ownership.

Fuels Growth: The funds will be used for research and development, sales & marketing, and production expansion.

Debt Alternative: This financing complements potential equity fundraising.

"Quotes" :

EIB Vice-President Ambroise Fayolle: "We are proud to support Quantum with venture debt, an innovative tool for growth-stage companies."

Quantum CEO Florian Seibel: "The fresh capital will accelerate R&D in autonomous flight and AI, and support our strong growth trajectory."

EU Commissioner Mariya Gabriel: "The EGFF program fosters European competitiveness by enabling innovative startups to thrive."

With this EIB backing, Quantum Systems is well-positioned to become a leader in the commercial and government drone market. Their focus on cutting-edge technology and efficient design positions them to meet the growing demand for advanced sUAS solutions.

Looking Ahead for more information: Click Ok

Drone Posted In:

TEKEVER ARX Drone   The MQ-9Reaper Drone   Hydrus: The Underwater Drone 

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FPV”SLEEPING DEATH”      Top 10 Military UAV.


 

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