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Solar-Powered Aircraft Maker Skydweller Gets Investment From Intesa Sanpaolo-Backed Venture Capital Fund

Solar-Powered Aircraft Maker Skydweller Gets Investment From Intesa Sanpaolo-Backed Venture Capital Fund - top government contractors - best government contracting event

Skydweller Aero has received an investment from Neva Sgr, a venture capital fund backed by Italy-based banking group Intesa Sanpaolo Group, through its round of Series A financing.

Robert Miller, CEO of Skydweller, said in a statement published Tuesday the company is honored with Neva Sgr’s investment in its technology and expects the partnership to help transform government surveillance and telecommunications markets, bring value to the global economy and contribute to the clean tech industry’s growth.

Oklahoma City-based Skydweller builds solar-powered aircraft for commercial and defense sectors.

Neva Sgr invested approximately $4 million in Skydweller through its Neva First Fund, which has made 13 investments with a total value of more than $58.3 million.

In early September, Skydweller announced that it raised $40 million in Series A funding round.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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