Estonian aerospace company SKYCORP Technologies secures €305k in a pre-seed round

SKYCORP Technologies has secured of €305,000 to accelerate the commercialization of its Generation 2 e-Drone Zero hydrogen drone and fund its further expansion. The investment was co-led by Destiny Energy and Baltic Sandbox Ventures.

  • Founded in 2023 in Tartu, SKYCORP Technologies develops and manufactures hydrogen drones and related infrastructure for the purpose of multiple long endurance use-cases including emergency response, surveillance, inspection, and disaster response.
  • The company’s flagship product, the Generation 2 multirotor hydrogen drone, offers flight times of up to 120 minutes, improved workflow with refueling in just minutes including off-grid capability.

About the current investment:

  • The round was co-led by Destiny Energy, Singapore-based sustainability and energy transition consulting agency, and Baltic Sandbox Ventures, Lithuanian early-stage VC and business development lab. Syda Ventures and angel investor Artur Dianov also participated.

“I’m delighted to announce this pre-seed funding round, which represents a pivotal moment for SKYCORP Technologies. With the support of our investors, we are well-positioned to bring our hydrogen drones to market, driving innovation and sustainability in various industries. Hydrogen represents the dawn of a new era in aerial capabilities, and we’re on the frontline of this revolution,”

Marek Alliksoo, CEO and co-founder of SKYCORP Technologies, comments.
  • SKYCORP will use the fresh funding round to accelerate the commercialization of its Generation 2 e-Drone Zero hydrogen drone and to bolster the expansion of its operations in 2024.

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