Tartu-based SKYCORP Technologies secured €305K in pre-seed funding from investors such as Destiny Energy, Baltic Sandbox Ventures, Syda Ventures, and angel investor Artur Dianov. The company specializes in developing and manufacturing hydrogen drones and related infrastructure for long-endurance applications, aiming to transform aerial operations by providing sustainable solutions powered by hydrogen fuel cell technology. With this funding, SKYCORP Technologies intends to accelerate the commercialization of its Generation 2 e-Drone Zero hydrogen drone and expand its operational capabilities in 2024, further advancing their cutting-edge technology and solidifying their position in the emerging hydrogen drone market.
SKYCORP Technologies was founded with the mission to transform the way industries approach aerial operations, by providing a sustainable, long-endurance solution powered by hydrogen fuel cell technology. The Gen2 e-Drone Zero, will offer numerous advantages over conventional drone technology, including significantly extended flight times, reduced environmental impact, and the capability to serve a wide range of commercial and non-commercial applications.
The applications of SKYCORP Technologies hydrogen drones are diverse, spanning critical use-cases such as emergency response, surveillance, inspection, and disaster response. By harnessing the power of hydrogen, SKYCORP Technologies empowers industries to achieve greater efficiency, safety, and environmental responsibility.
“I am delighted to announce this successful Pre-seed funding round, which represents a pivotal moment for SKYCORP Technologies,” said Marek Alliksoo, CEO and Co-founder of SKYCORP Technologies. “With the support of our esteemed 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.”
Mr Vijay Sirse, the Founder and CEO of Destiny Energy, one of the lead investors, stated, “We are proud to be part of SKYCORP Technologies’ journey to reshape the drone industry. The potential for hydrogen drones is immense and we see them as a fantastic fit to inspecting and protecting our distributed renewable energy sites in Baltics and Asia.”
Erik Bhullar, Partner at Baltic Sandbox Ventures, added, “Choosing to co-lead the round in SKYCORP Technologies is about more than investing in cutting-edge tech — it’s about endorsing a paradigm shift. It’s about understanding that when you combine hydrogen-powered drones with an audacious vision led by a deeply committed and innovative team, you’re on the cusp of changing the rules of the game. Their story is one of a brighter, cleaner, and more connected future; and we’re here for it.”
