08 JUN 2022

Bayern Kapital invests in Quantum Systems

Tech start-up in the field of drones on course for growth: Bayern Kapital with the Bavarian Growth Fund 2 invests in Quantum-Systems

Munich, Germany, June 8th, 2022 – Quantum-Systems, innovative developer, designer, and producer of advanced eVTOL UAVs, together with Bayern Kapital and its Bavarian Growth Fund 2, renowned German private investors, and existing investors, as well as the European Investment Bank EIB has completed its Series A funding rounds with a total of 32 million USD equity and venture debt.

Quantum-Systems, founded in 2015, develops drones with a fixed-wing flight mode that enables long travel times, long ranges, and quiet flight. The drones are capable of vertical take-off and landing. The founders successfully registered a patent for a vertically launchable unmanned transition aircraft in 2012. After a short transition phase, the motors swing into a flight position and the drone flies like an airplane using aerodynamic and electrical efficiency. And it does so for up to 90 minutes - comparable models from other manufacturers do not achieve this flight time.

The drones serve a variety of use cases both in the defence and security sector, as well as for the geospatial industry. They can be used in search and rescue operations after natural disasters like floods. Further areas of applications are smart farming, volume calculation in open-pit mining, surveying work for large construction sites, real-time situational awareness, tactical mapping, and automated railway inspection.

Increasing demand and growing areas of application

CQuantum-Systems technology promises competitive advantages in areas like flight endurance, ease of operation, reliability, flying in windy conditions, and autonomous flying abilities. The company targets the growing governmental market — where a limited number of companies based in the United States and Israel have historically provided systems — and the commercial market.

Tailwind for promising pioneers

"The Bavarian Growth Fund is an important instrument for strengthening the competitiveness of the Bavarian economy," said Bavaria's Minister of Economics Aiwanger. "This helps small and medium-sized enterprises to turn new ideas into concrete innovations. Young Bavarian high-tech companies in particular need capital to be able to compete in international growth markets. The company can use the fresh funding to expand its research, development, and sales capacities in the fields of autonomous flying and artificial intelligence. Ultimately, Bavaria as a business location benefits from every development of new technologies."

We are seeing a constantly growing interest in ourunique UAV systems from governments
as well as leading enterprises around the globe. They use our dronesfor applications like
irrigation optimization in agriculture, progress monitoring in open pit mining, surveying
work for large construction sites, real-time situational awareness and in
Search and Rescue (SAR) scenarios. The Deutsche Bahn inspects their railway network
with our automatically operated drones for instance after severe weather events.
The Series A round will allow us to further scale our production and establish
ourselves as the international standard in eVTOL UAVs by increasing
investment in our development capabilities andsales team.
We thank our investors and look forward to
continuing successful collaboration.

Vertical take-off and landing drones have started to change how our
customers operate their systems today. With the fresh capital,
we will expand our research and development capacities in
the areas ofswarming, autonomous flight, and artificial
intelligence. We will continue to lead this field.

Today, there is hardly an industry that is not thinking about the opportunities presented by the use of drones,
and there are already plenty of successful customer examples. Quantum-Systems convinces us equally with
its powerful, efficient technology and its brilliantstarting position for an international market with
enormously high growth potential. We are delighted to havea Bavarian company with
outstanding management that is helping to shape digitalization and the next stage of
conquering airspace for the future."

About Quantum-Systems

Quantum-Systems specializes in the development, design, and production of small Unmanned Aerial Systems (sUAS). The company’s range of electric vertical take-off and landing (eVTOL) sUAS are built to maximize range and versatility and provide operators with a seamless user experience.

By integrating cutting-edge software capabilities like edge computing and real-time AI-powered data processing, Quantum-Systems is building next-generation UAS for clients in defence, security, public safety, commercial, and geospatial communities across Europe. Quantum-Systems was founded in 2015 and is headquartered at Special Airport Oberpfaffenhofen, 20 km west of Munich. For more information about Quantum-Systems

Contact: Claudia Steinhoff

T +49 (0) 8105 7709 128

E csteinhoff@quantum-systems.com

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