Start-Ups, Drones, Investment

Start-Ups, Drones

Singapore drone start-up Performance Rotors snags funding from Dutch MNC Royal Vopak

Singapore drone start-up Performance Rotors snags funding from Dutch MNC Royal Vopak

3/8/2020 5:33:00 AM

Singapore drone start-up Performance Rotors snags funding from Dutch MNC Royal Vopak

SINGAPORE (THE BUSINESS TIMES) - Homegrown drone technology start-up Performance Rotors has raised an undisclosed sum from Dutch multinational Royal Vopak to expand in overseas markets in Asia, Europe and the Middle East. Vopak is a leading global independent tank storage company.. Read more at straitstimes.com.

Performance Rotors' chief executive, Keith Ng, said:"We are honoured to have Vopak on board as a majority shareholder. Securing this deal, in spite of the ongoing Covid-19 pandemic and global uncertainty, is testament to the value of the services we provide."

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Founded in November 2016, Performance Rotors has established itself as one of the key players in unmanned aerial vehicles solutions and has worked with government agencies and multinational corporations.In a release on Sunday (Aug 2), the Singapore-based drone solutions company specialising in confined and inaccessible spaces, said that it concluded its investment deal with Vopak earlier this week.

Mr Ng said that in addition to overseas expansion, this round of pre-Series A funds will also be used to scale the company's team and expand its offering of customised drone solutions."Performance Rotors has already commercialised its drone solutions in Vopak and other oil and gas majors in Singapore, and is gearing up for other missions in Europe," the company said in its release. headtopics.com

Read more: The Straits Times »

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Singapore drone startup Performance Rotors secures funding from Dutch MNC Royal VopakHOMEGROWN drone technology startup Performance Rotors has raised an undisclosed sum of funds from Dutch multinational Royal Vopak to expand in overseas markets in Asia, Europe and the Middle East. Vopak is a leading global independent tank storage company. Read more at The Business Times.

Singapore drone startup Performance Rotors secures funding from Dutch MNC Royal VopakHOMEGROWN drone technology startup Performance Rotors has raised an undisclosed sum of funds from Dutch multinational Royal Vopak to expand in overseas markets in Asia, Europe and the Middle East. Vopak is a leading global independent tank storage company. Read more at The Business Times.

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