# Phoenix-Wings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phoenix-wings

- Industry: Logistics & Distribution
- Headquarters: Germany
- Website: www.phoenix-wings.de
- Total disclosed funding: $10M
- Latest round: Series A (Nov 26, 2021)
- Investors on record: 5

## About

Based in Isaming, Germany, and founded in 2018, Phoenix-Wings GmbH provides solutions in the field of Unmanned Aircraft Systems with Vertical Take-Off and Landing capabilities. In November 2021, Phoenix-Wings GmbH raised USD 10 million in Series A funding led by CR Capital Management, COFCO Capital, Tianqi Capital, Country Garden Venture Capital, and Everest Venture Capital. As of 2021, Phoenix-Wings’ UAVs have been safely operated nearly one million times, covering areas such as plains, plateaus, mountainous areas, cities, and islands.

Unmanned aircraft with vertical take-off and landing (VTOL) capabilities are provided by Phoenix-Wing. The firm has built a platform for developing and testing air transportation technologies. For freight purposes, the business also deploys automated fleets of cargo drones with VTOL capabilities. The company's Manta Ray is an electric, heavy-lift, high-volume VTOL cargo drone.

The company plans to use the Series A funds for technology research of cargo drones, exploring new scenarios, and global expansion.

## Funding rounds

- Series A, Nov 26, 2021, $10M — CR Capital, Everest VC, Tianqi Investment, COFCO Capital Investment Co., Ltd, Shenzhen Country Garden Venture Capital Co., Ltd.

## Investors

- CR Capital (https://capitalatlas.ai/funds/cr-capital) — Series A
- Everest VC (https://capitalatlas.ai/funds/everest-vc) — Series A
- Tianqi Investment (https://capitalatlas.ai/funds/tianqi-investment) — Series A
- COFCO Capital Investment Co., Ltd — Series A
- Shenzhen Country Garden Venture Capital Co., Ltd. — Series A