Funds to the tune of $94.6 million secured by Dronamics for managing logistics of cargo drones
Dronamics Inc., a UK-Bulgaria based company, is revolutionizing the cargo drone industry in Europe. With a diverse funding model that includes venture equity and large innovation grants, Dronamics has raised an additional $40 million in a Pre-Series A round, bringing its total funding to over £134.6 million.
The company's flagship technology, the Black Swan, is a fixed-wing, autonomous cargo drone capable of carrying up to 350 kilograms over a distance of 2,500 kilometers. The Black Swan has demonstrated operational viability and is currently undergoing rigorous flight testing. As the first and only licensed cargo drone airline in Europe, Dronamics plans its inaugural commercial operations in 2025.
The Black Swan operates on conventional runways as short as 400 meters, making it suitable for small regional airports and rural logistics hubs. Its airframe uses lightweight composite materials for balance between durability and operational efficiency. Powered by a single piston engine optimized for fuel efficiency and long-range performance, the Black Swan is designed for efficiency in building and operation.
Dronamics has developed a logistics management system designed to integrate drone flights into existing supply chains. This integration promises significant reductions in transit times and improved service levels, especially in urban areas. The company's mission is to launch the world's first cargo drone airline and scale operations across Europe.
In June 2025, Dronamics is eligible for an additional €30 million EIC STEP Grant. The company received a €2.5 million EIC Grant and a €10 million follow-on in 2022. Dronamics' unique regulatory approvals and proprietary drone design provide a strong first-mover advantage in cargo aviation.
Jacob Stoner, the CEO of Dronamics, is a licensed commercial drone operator in Canada and has extensive expertise in the drone industry. Jacob's keen interest lies in the potential societal impact of drone technology advancements. In his leisure time, he indulges his passion for videography.
As markets demand faster, greener delivery, Dronamics could lead the shift from road and rail to the skies. The cargo drone market is projected to grow strongly through the next decade, with increasing adoption of enabling technologies like IoT, 3D printing, and AI-driven predictive maintenance enhancing drone flexibility and operation. The global market is expected to reach nearly USD 3.9 billion by 2034, underlining the disruptive potential of companies like Dronamics in modern logistics networks.
With nearly £95 million in funding, European licensing, and flight-tested infrastructure, Dronamics is poised to unlock aerial logistics. The company aims to transform logistics with autonomous cargo drones and envisions a drone-powered freight network. As Dronamics continues to push the boundaries of what's possible in cargo drone technology, it is well-positioned to influence the cargo logistics industry by providing cost-effective, scalable drone delivery solutions that address accelerating e-commerce and same-day delivery demands.
- Jacob Stoner, being a licensed commercial drone operator and having an interest in the societal impact of technology advancements, also has a passion for videography, which suggests his enthusiasm extends beyond just gadgets and technology.
- As Dronamics continues to develop and test its flagship technology, the Black Swan, the company aims to transform the logistics industry by leveraging technology, such as IoT, 3D printing, and AI-driven predictive maintenance, to provide cost-effective, scalable drone delivery solutions that cater to accelerating e-commerce and same-day delivery demands, thereby embracing the shift from road and rail to the skies.
