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Dubai 2023: Strategic Development Fund and Dronamics announce agreement to create a manufacturing JV for the Black Swan cargo drone

The UAE’s Strategic Development Fund (SDF) and Dronamics, a cargo drone airline, today announced that they signed a term sheet to set-up a joint venture (JV) to produce the Black Swan cargo drones to “fulfil the global demand and requirements for Dronamics’ international and local customers”. The companies say the JV will constitute the first serial production plant for the Dronamics Black Swan aircraft.

“In late 2022, SDF through its Venture Capital division invested in Dronamics and is its largest investor to date” according to the press release. “The JV term sheet signed at the Dubai Airshow 2023, builds on the Venture Capital investment and the MoU signed between SDF and Dronamics at last month’s SAVI Cluster launch event at Masdar City by the Abu Dhabi Department of Economic Development.

“This remotely-piloted aircraft developed by Dronamics, is capable of transporting up to 350 kgs (770 lbs) for 2,500 kms (1,550 miles) and represents a leap in long-range, high-payload aerial logistics.”

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(Image: Dronamics)

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