German drone delivery company Wingcopter expands to Japan
Wingcopter, an eVTOL manufacturer and drone delivery service provider based in Germany, has finally joined ITOCHU, one of the largest general trading companies (Sogo Shosha) in Japan, as a strategic investor and authorized partner. Wingcopter first hinted at this partnership in December 2021, when it announced an investment from Drone Fund, a Japan-based venture capital firm dedicated exclusively to the drone technology ecosystem.
Under the agreement, ITOCHU joins the Wingcopter Authorized Partner Program (WAPP) and will act as a dedicated distributor and lessor for the Wingcopter 198 triple-drop delivery drone in Japan. The Japanese conglomerate will also invest an undisclosed amount in the German company.
It’s no secret that Wingcopter sees Japan as one of the most important markets for drone delivery applications “given the country’s progressive approach to integrating drones into everyday life.” In 2020, the company signed a partnership agreement with Japan’s largest airline, ANA, to build a rural-focused drone delivery network. Many trials have already taken place for this project as well.
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This new partnership with ITOCHU will further strengthen Wingcopter’s expansion in Japan. Tom Plümmer, co-founder and CEO of Wingcopter, explains:
We expect Japan to become one of the most important regions for drone delivery applications in the coming years. Therefore, we are confident that ITOCHU, with the network and expertise in a wide variety of business sectors as well as the financial strength of a Fortune Global 500 company, will help us serve more Japanese customers and enable us to jointly expand Wingcopter operations across Japan. .
Takanori Morita, Managing Director of ITOCHU and CEO of ITOCHU Europe Plc, through which ITOCHU has invested in Wingcopter, adds:
Drone delivery has the potential to revolutionize the way we transport goods and can immediately improve the quality of life for many people around the world. We believe that Wingcopter is in the best position to become the market leader in this field with its superb product as well as a competent and dedicated team.
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