Wingcopter’s $42 Million Series A Expansion Round

YPOG, Posser Spieth Wolfers & Partners and Push Wahlig Workplace Law advised REWE Group on the deal. FPS Fritze Wicke Seelig advised Wingcopter.

Wingcopter, a German delivery drone manufacturer and service provider, raised $42 million from a Series A extension round.

Next to the existing investors Futury Capital and Xplorer Capital, REWE Group as well as Salvia, XAI technologies and ITOCHU invested in Wingcopter for the first time.

As one of Germany’s major grocery retailers with more than 12.000 locations across Europe, REWE Group represents an ideal extension of Wingcopter’s investor base and gives a clear signal of Wingcopter’s potential beyond medical drone delivery services in the future. 

With the incoming capital, Wingcopter will further expand its drone delivery services worldwide and scale up the production of the world’s most efficient eVTOL delivery drone, the Wingcopter 198. In order to achieve this, the manufacturing facility will enter a semi-automated production cycle, which will significantly speed up the production process. Moreover, Wingcopter intends to expedite the company’s research and development activities focused on new product features, and to add additional 80 employees to all company departments over the next few months.

The cooperatively organized REWE Group is one of the leading trade and tourism groups in Germany and Europe. In 2021, the company generated a total external turnover of around € 76,5 billion. Founded in 1927, REWE Group operates with 380.000 employees in 21 European countries. 

Wingcopter is a German manufacturer of eVTOL, fixed-wing unmanned aircraft systems (UAS) and provider of drone delivery services, focused on optimizing medical supply chains, as well as last-mile logistics of packages, tools, spare parts, food, and groceries. The 120-strong team is dedicated to improving and saving lives worldwide through meaningful commercial and humanitarian applications. Thanks to its patented tilt-rotor mechanism and software algorithms, the Wingcopter 198 can take off and land vertically like a multicopter, while flying long distances as efficiently and quickly as a fixed-wing aircraft, even in heavy rain and wind.

The YPOG team included Dr. Benjamin Ullrich (Picture – Co-Lead, Transactions), Partner; Dr. Johannes Janning (Co-Lead, Transactions), Associated Partner; Dr. Benedikt Flöter (IP/IT), Associated Partner; Ann-Kristin Lochmann (Tax), Associated Partner; Christiane Schnitzler (Transactions), Associate.

The REWE Group in-house team was led by Dr. Ulrich Fleischer (Legal Counsel – M&A and Financing).

For regulatory matters, YPOG worked closely together with a team from Posser Spieth Wolfers & Partners, including Sebastian Lutz-Bachmann and Julia Simon, and for employment law with a team from Push Wahlig Workplace Law including, Dr. Marius Fritsche and Dr. Luca Rawe. 

The FPS team included Philipp Weber, Partner, Federführung (Venture Capital, M&A, Gesellschaftsrecht), Janna Pisarev, Associate (Gesellschaftsrecht, Venture Capital, Commercial), Kevin Brühl, Associate (Bank- und Kreditrecht).

Involved fees earner: Kevin Brühl – FPS Fritze Wicke Seelig ; Janna Pisarev – FPS Fritze Wicke Seelig ; Philipp Weber – FPS Fritze Wicke Seelig ; Sebastian Lutz-Bachmann – Posser Spieth Wolfers & Partners; Marius Fritzsche – Pusch Wahlig Workplace Law; Luca Rawe – Pusch Wahlig Workplace Law; Benedikt Flöter – YPOG; Johannes Janning – YPOG; Ann-Kristin Lochmann – YPOG; Christiane Schnitzler – YPOG; Benjamin Ullrich – YPOG;

Law Firms: FPS Fritze Wicke Seelig ; Posser Spieth Wolfers & Partners; Pusch Wahlig Workplace Law; YPOG;

Clients: REWE Group; Wingcopter GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler