A California startup promising to build an electric long-distance cargo drone announced yesterday that it has raised 140 percent of its initial angel funding goal. Sabrewing Aircraft Company CEO Ed De Reyes said the company had raised just shy of US$1 million from The Drone Fund, Integro LTD and two other investors.
The funds will be used to construct a large-scale, long-endurance, high-cargo-capacity unmanned aerial vehicle (UAV) that its manufacturer says will be able to compete with small cargo aircraft such as the Cessna 208, in terms of cost, range, and payload.
While cargo drones are on the cusp of going mainstream, with big players like Boeing getting into the game, the model presented by Sabrewing Aircraft Co. could be the first electric cargo drone with the sort of range normally reserved for large fixed-wing aircraft. The UAV, dubbed “The Draco-2” will eventually carry up to two tons, for a maximum distance of 5,000 miles – for up to 50 hours – at altitudes reaching 22,000 feet. Continue reading “Sabrewing Aircraft closes funding for hybrid-electric cargo challenger to Cessna 208”