Dronamics receives funding from SDF to produce Black Swan

Drones Middle East
Dronamics and the UAE Strategic Development Fund (SDF) have set up a joint venture to produce the Black Swan drone.

The joint venture was signed at the Dubai Airshow 2023 and will launch the first serial production of the Black Swan drone.

Production is scheduled to start in 2025 with 300 Black Swan drones being produced annually.

In late 2022, SDF invested in Dronamics through its Venture Capital division.

The signing at the Dubai Airshow 2023 builds on the investment last year and the MOU signed by Dronamics and SDF at last month’s SAVI Cluster launch event at Masdar City by the Abu Dhabi Department of Economic Development.

Abdulla Naser Al Jaabari, Managing Director and CEO of SDF, says, “Leveraging Dronamics’ pioneering drone technology and the UAE’s logistics ecosystem and advanced infrastructure, this joint venture will bring the manufacturing base of this advanced technological solution that we believe will be a game-changer within the logistics sector for the mid-mile delivery segment.”

Svilen Rangelov, Co-Founder and CEO of Dronamics, says, “This joint venture will propel our advanced cargo drone technology into the market on a grand scale. Our collaboration with SDF, an existing key strategic investor in Dronamics, reinforces our vision to provide same-day delivery for all, with the aim of leveraging the UAE’s exceptional infrastructure.”