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Dufour Receives USD$2.8 Million Grant from Innosuisse

by Ben Mirwani
Dufour Receives USD$2.8 Million Grant from Innosuisse

Dufour Aerospace has received a CHF2.5 million (USD$2.8 million) grant from Innosuisse, the innovation agency of the Swiss Confederation, that it says will be used to continue developing its Aero2 unmanned tilt-wing drone. 

A total of 752 applications were submitted for the grant, with Dufour being among the 52 companies chosen to receive funding. 

Thomas Pfammatter, co-founder and chief executive officer of Dufour Aerospace, said the capital injection provided by Innosuisse will help the company take a step closer to commercially launching the Aero2. 

“Dufour Aerospace is a pioneering eVTOL company, and we are pleased Innosuisse recognized our efforts to create globally leading technology in Switzerland,” he said. “The grant will be used to continue our development of prototypes of the innovative Aero2 unmanned tilt-wing drone. Our team is thankful to Innosuisse for this vote of confidence in our work.”

The procurement of the grant is the latest financial success Dufour has enjoyed as in January, the firm closed a Series B financing round spearheaded by Vista Global. 

In March 2023, Swiss Helicopter AG signed a letter of intent to purchase two Aero2 and one Aero3, which is Dufour’s eVTOL that can carry up to eight passengers. The aircraft will be capable of traveling 551 nautical miles (1,020 km) at a cruise speed of 350 kph. 

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