# Skydweller Aero

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skydweller-aero

- Industry: Aerospace
- Headquarters: Alexandria, US
- Website: www.skydweller.aero
- Total disclosed funding: $8M
- Latest round: Series A (Sep 9, 2021)
- Investors on record: 5

## About

Skydweller Aero Inc., based in the US, specializes in designing and manufacturing autonomous, solar-powered aircraft aimed at providing advanced surveillance and reconnaissance solutions for various sectors.Founded in 2019 and headquartered in Alexandria, US, Skydweller Aero Inc. focuses on the development of uncrewed solar-powered aircraft. The company has successfully completed five deals, with its most recent being a Venture Debt round raised on September 30, 2023, in which it secured EUR 30.00 mn from the European Investment Bank. The founder, John Parkes, has a background in aerospace technology, contributing to the innovative direction of the company. To date, Skydweller has raised a total of EUR 8.00 mn.Skydweller specializes in the design and manufacture of autonomous, solar-powered aircraft, prominently featuring the largest uncrewed models in the world. Each aircraft is made from carbon fiber with a wingspan similar to that of a Boeing 747, engineered for perpetual flight and capable of supporting payloads up to 800 pounds. Their functionalities cater to a variety of applications such as maritime surveillance, intelligence gathering, and emergency services, with government and military entities among their clientele for critical missions that include detecting illicit activities at sea and monitoring wildlife in Africa. The company's aircraft primarily serve regions requiring advanced surveillance, particularly in North America and Europe.Skydweller's revenue model is built around the direct sale of its advanced aircraft, supplemented by ongoing service agreements with government and military customers. The transactions include initial procurement contracts for the aircraft, accompanied by subscription-based services for software updates and maintenance. This pricing structure is designed to reflect the advanced capabilities of their solar-powered aircraft, which provide significant cost savings compared to traditional combustion-powered alternatives. Collaboration with various stakeholders further facilitates additional revenue streams through joint projects focused on aerial surveillance and reconnaissance.In late September 2023, Skydweller Aero Inc. raised EUR 30.00 mn in Venture Debt, which will be utilized to support all research and development activities, as well as operating and capital expenses. The company is expected to expand its product offerings, although specific upcoming products have yet to be detailed. Geographically, Skydweller aims to penetrate new markets within Europe and expand its presence in North America by the end of 2025.

## Funding rounds

- Series A, Sep 9, 2021, $8M — Palantir Technologies Inc., Neva, Advection Growth Capital, Leonardo, Marlinspike Partners

## Investors

- Palantir Technologies Inc. — Series A
- Neva (https://capitalatlas.ai/funds/neva) — Series A
- Advection Growth Capital (https://capitalatlas.ai/funds/advection-growth-capital) — Series A
- Leonardo — Series A
- Marlinspike Partners (https://capitalatlas.ai/funds/marlinspike-partners) — Series A