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, a manufacturer of autonomous electric airplanes, closed a $37 million Series A funding round to accelerate production of its Pelican aircraft and enhance research and development.
The company's Pelican is the world's first commercially certified autonomous electric crop-spraying airplane, offering highly efficient and precise agricultural operations at significantly reduced costs, with plans for cargo operations.
Pyka is actively deploying its aircraft for complex agricultural tasks in several countries, expanding its global presence through partnerships, and is working to introduce its technology into the U.S. market.

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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.