Skypull successfully closes its first financing round
25 February 2020
Skypull is proud to announce the completion of a seven figure financing round by Shibumi International, a Dubai based venture capital firm investing and supporting early stage startups in the built environment demonstrating disruptive innovation and related growth potential for traditional markets. Shibumi International is a wholly owned subsidiary of Gulermak, a large industrial company focused on heavy civil works and steel fabrication.
We’re excited about Shibumi’s investment allowing Skypull to accelerate the development of its core Drone or UAV technology (Unmanned Aerial Vehicle) in order to bring to market a technical demonstrator by June 2020, to showcase characteristics and system performance. “The investment solidifies the belief in the advantages of our patented Airborne Wind Energy system architecture, as well as the strength and capability of our diverse executive management team,” affirms Reinout Oussoren, CEO of Skypull.
Shibumi closely evaluated the emerging Airborne Wind Energy players and technologies and believes that Skypull’s system and approach is among the best suited when compared to more mature companies and related designs. Shibumi will work closely with Skypull on corporate development and obtaining future financing rounds on its trajectory to a commercial product launch targeted for 2022.
Skypull is recruiting engineering talent both in Switzerland and abroad and is in the final stage of selecting larger office and assembly space to accommodate its growing team and activities. The recent addition to its executive team has added a significant validation that its technology can be a game-changer and economically viable in both on- and off grid applications supporting the global transition to low cost sustainable renewable energy.
Skypull lands new CEO from Wind Industry
6 February 2020
Skypull proudly announces that Reinout Oussoren has joined as Chief Executive Officer. Reinout brings over 25 years of commercial and operational leadership experience from a variety of international operations, most recently and ongoing as CEO of Northern Power Systems (NPS), a leading provider of small and medium wind turbines for distributed power generation. This key hire from the wind industry further validates the potential that exists within the airborne wind energy sector to capture a share of the continuous growing renewable energy market globally. Oussoren will replace Nicola Mona, Co-Founder at Skypull, who will continue in the role of Chief Compliance Officer and Chairman of the Board.
“It has been a privilege to lead Skypull from its inception. Over the past three years, we’ve developed Skypull from a potentially crazy idea into a concept with crazy potential. We are proud that the efforts of the past several years have resulted in the wind energy industry no longer looking at our market segment as a far-flung future technology but rather something that has the ability to disrupt the entire market. It’s an honor to pass on the leadership to Reinout. He has the experience and drive to get Skypull to the next level. I am eager to support the team both strategically as well as ensuring regulatory compliance”, affirms Nicola.
“Skypull is among the most exciting companies that I have seen in the renewable energy space. They have the potential to become a big player in this segment of the renewable industry. Its products will suit both on- and off grid applications competing with conventional renewable and traditional forms of power generation. I am extremely excited to see what we will accomplish in the coming months, hope to be able to announce an equity investment in the coming weeks, allowing us to further expand our team and accelerate technology and product development”, affirms Reinout.
Skypull and HSR Hochschule für Technik Rapperswil has started a collaboration aimed at improving and optimizing the aerodynamics of the wing surfaces and the overall aerodynamic efficiency of the Skypull's drone.