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F-Drones completes seed capital raising

Photo: EPS f-dronesfounders.PNG
F-drones co-founders Yeshwanth Reddy (left) and Nicolas Ang (right)
Start-up F-Drones, aiming to deliver payloads of up 100kg to ships, has completed the raising of seed capital.

The funding round was led by Eastern Pacific Shipping (EPS) with participation from Innoport, the venture arm of Schulte Group, along with SEEDS Capital, Entrepreneur First, Orient Ventures, Superangel and some Singapore based angel investors.

F-Drones offers commercial Beyond-Vision-Line-Of-Sight (BVLOS) drone deliveries to ships and is developing a drone capable of handling payloads of up to 100kg – the Hyperlaunch Heavy.

“The capital will enable us to grow our team, accelerate our technology development and bring an unparalleled solution to market faster,” said Yeshwanth Reddy, co-founder of F-drones.

Gil Ofer, special advisor for Innovation at EPS, said: “We firmly believe they will reinvent the shore-to-ship delivery process by being faster, cheaper, and cleaner than any existing model in use today. F-drones also adds an urgent layer of safety for seafarers and service providers by limiting human contact for routine deliveries.”

F-Drones is currently conducting test flights with a scaled down version of the Hyperlaunch Heavy that is capable of carrying 5kg payloads up to 50 km.

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