Dronamics awarded grant from the European Innovation Council

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The cargo drone airline Dronamics announced that it has been put forward for an equity investment of up to €30 million ($34.7 million) under the European Innovation Council (EIC) Strategic Technologies for Europe Platform (STEP).

#dronamics #drones #europeaninnovationcouncil #eic #strategictechnologiesforeuropeplatform #europeancommission

www.stattimes.com

EIC strengthens investment in Dronamics with up to €30 million

The EIC STEP, under the European Commission, provides investments of between €10 and €30 million, aiming to leverage private co-investment and achieve financing rounds of €50 to €150 million or more.

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Following the U.S. move to control shipments from China under the de minimis - value under $800 - rules and the subsequent pause, the European Commission (EU), too, is moving to control low-value shipments.

#europeancommission #eu #deminimis #ecommerce #us #china