DRONAMICS appoints CFO ahead of commercial launch and operational scale-up
DRONAMICS on Monday announced the appointment of Paul Morton as Chief Financial Officer and member of the executive team.
The appointment comes at a key moment as the company prepares for the first commercial flights of its flagship Black Swan aircraft. The company is also gearing towards operating its first commercial routes and preparing for its Series A funding round set to launch later this year. Paul brings two decades of financial and commercial expertise, having previously held senior roles at DAZN, Perform, and Deloitte. Based in the UK, Paul will boost DRONAMICS' growingly international executive team.
Paul will report directly to DRONAMICS CEO and co-founder Svilen Rangelov. About the appointment, Rangelov said, "The year 2022 will be critical for growth, as we mark our first commercial flights with the Black Swan – our proprietary drone powered by clean and energy-efficient technologies. As a fast-growing technology company on the path to net-zero, that is looking to change the status quo in the cargo mobility sector, Paul's valuable experience and knowledge will be vital as we prepare for our next round of funding and scale up our operations."
Based in London (UK) and Sofia (Bulgaria), DRONAMICS is the world's leading developer and operator of large cargo drones. Its flagship Black Swan is able to carry 350 kg of cargo at a distance of up to 2,500 km at up to 80% lower cost than any aircraft in existence, enabling same-day shipping over very long distances for e-commerce, pharma, and time-critical deliveries.