Pyka Secures $37M in Series A Funding to Accelerate Aircraft Deliveries and R&D

This autonomous airplane manufacturer is making progress with FAA toward a commercial exemption to operate in the U.S.

Thursday, April 28, 2022 at 04:03 PM ET

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Pyka developed the world's first and only commercially certified autonomous electric airplane, the Pelican. [Courtesy: Pyka]

Key Takeaways:

Pyka, an electric autonomous airplane manufacturer, secured $37 million in Series A funding to accelerate production of its Pelican aircraft and bolster R&D.
The Pelican is the world's first commercially certified autonomous electric airplane, currently used for efficient, low-cost crop-spraying globally, with future plans for 200-mile cargo operations.
With over $320 million in commercial agreements, Pyka is expanding its sustainable, autonomous air operations into new markets and countries, attracting investor interest for its environmental and technological solutions.

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Pyka, an electric autonomous airplane manufacturer, has closed on a $37 million Series A funding round that will allow the startup to fast track the production of its Pelican aircraft to committed buyers and beef up its research and development.

This comes after an $11 million seed round in 2019. This most recent round was led by Piva Capital—a venture firm in San Francisco that invests in companies that offer cross-industry technological solutions—and Prelude Ventures, whose mission is to support companies addressing climate change.