What a difference a year makes, especially for these startups.

It's been a funny old year for all; however, for some startups we featured in our VenCat blog post in Jan/Feb last year, it has been a busy one. Below are three startups that had a tremendous 2021, with a couple receiving impressive investments, which enabled them to become leaders in their field. 

 

WINGCOPTER - Drone delivery

2021 started with a Bang, with Wingcopter securing $22 million in Series A funding. Since then, they have maintained their speedy momentum, with businesses heavily investing in Latin-American and Japan. 

This year has started equally well, with Wingcopter announcing a new commercial agreement with Spright worth more than $16 million. Wingcopter will provide a large fleet of their new flagship delivery drone, the Wingcopter 198.

Spright will use these medical drones to deliver to hospitals, clinics, and laboratories throughout the US. Promoting healthcare access and minimizing daily strategic supply challenges.

Wingcopter 198*

 

Northvolt's Ett gigafactory*

NORTHVOLT- Green battery manufacture

On the 28th December 2021, Northvolt's Ett gigafactory, in northern Sweden, assembled its first battery cell.
Work on the factory started in 2020 and will continue to increase its size well into 2022. Following completion, customer deliveries will commence.

Peter Carlsson, CEO and Co-Founder of Northvolt, said: "Today is a great milestone for Northvolt, which the team has worked very hard to achieve. Of course, this first cell is only the beginning. Over the course of the coming years, we look forward to Northvolt Ett expanding its production capacity greatly to enable the European transition to clean energy."

First battery cell*

 

Northvolt continues to work on its new battery manufacturing plant in Gothenburg, Sweden. With operations due to commence in 2025.



 

ZeroAvia's powertrain*

ZeroAvia - Hydrogen-powered aviation

In the spring of 2021, ZeroAvia closed on a $24.3 million funding round, with a further $13 million later last year, from AP Ventures along with Alumni Ventures Group, SGH Capital, and Agartha Fund LP.

In Oct 2021, Alaska Air will incorporate ZeroAvia's ZA2000 hydrogen-electric powertrain into a De Havilland DHC-8-400 (Q400) aircraft and have the option to fit up to 50 retrofit kits into its regional aircraft.

United ZA6N*

 


In December last year, they partnered with United Airlines for a 
$35 million equity stake and option to purchase up to 100 hydrogen-electric engines for United aircraft. 

They recently received a $350,000 Washington State grant to set up new offices and R&D space at the Paine Field airport near Seattle, in Snohomish County.

 

 

 

 

Click here for the previous blog post on Wingcopter

Click here for the previous blog post on Northvolt

Click here for previous blog post on ZeroAvia.

* Logo images and Photos courtesy of Wingcoper, Northvolt and Zeroavia

Comments