Drone delivery start-up raises £5.35m

Drone delivery firm Skyports has raised £5.35m in its Series A funding round.

Deutsche Bahn Digital Ventures and Groupe ADP led the funding round, which included new capital from returning investor Levitate Capital.

Skyports, which also provides urban air mobility infrastructure, will use the funding to acquire sites for passenger and cargo “vertiports”  – facilities for aircraft that take off and land vertically – in cities around the world including Los Angeles and Singapore (pictured).

The business also plans to develop its drone delivery business by expanding its team.

DBDV and Groupe ADP will join the Skyports Board.

Skyports chief executive Duncan Walker said: ““Our investors bring expertise in mobility, infrastructure and airport operations. Their significant balance sheets and strong leadership in their respective markets allow Skyports to consolidate its leading position in the industry in these early stages and through to permanent commercial operations in multiple markets.”

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