D3 Technologies to get €2.9 million from Vector Venture Capital, SEK Ventures et al
D3 Technologies, a Munich, Germany-based software developer for the aviation industry, announced securing funding of €2.9 million ($3.5 million).
The money was raised from investors led by Vector Venture Capital GmbH and including SEK Ventures GmbH (founders of Flixbus), EIT KIC Urban Mobility, S.L (an initiative of the European Institute of Innovation and Technology) and Mutschler Ventures AG.
The investment will enable the startup to build the first pilot application in 2021 in order to test its air traffic management solution. In 2022, D3 will equip first model regions with ground station, communication solution and on-board blue box (avionics).
D3 Technologies, founded in 2019 by CEO Corvin Huber, develops an integrated traffic management system for urban aviation.
The hardware/software solution has deterministic route planning and redundant safety levels and is targeted to become the control infrastructure that enables the use of urban airspace as an additional transport modality, as planned for in the coming years by cities and drone manufacturers.