Dronamics signs JV to develop Black Swan Cargo Drones

Cargo drone airline Dronamics and the UAE’s Strategic Development Fund (SDF) have signed a joint venture (JV) agreement to produce Black Swan cargo drones. The JV will result in the first serial production plant for the airline’s Black Swan aircraft. Production is due to start at the UAE facility in 2025.
In late 2022, SDF, through its Venture Capital division, invested in Dronamics and is its largest investor to date. The JV term sheet signed at this year’s Dubai Airshow, builds on the Venture Capital investment and the memorandum of understanding (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. Christian Jens Ziehe, executive director, portfolio management and head of industrial investments portfolio at SDF, said: “Through the JV, we will set up a facility in the UAE to start serial production in 2025 that will have capacity to produce up to 300 Black Swan drones annually. “The JV will also contribute to further development of the local supply chain within Aerospace in the UAE.”