Clifford Chance has advised the EIB on the financing granted to Skydweller, a European SME cutting-edge aerospace company developing an Unmanned Aerial Vehicle (UAV), which consists in an aircraft platform and the supporting system which enables autonomous unmanned missions.
The project entails a venture loan to Skydweller to co-fund innovation and growth investments, mainly in Spain and Italy with the development of the autonomous flight system of the UAV.
The investment supports a project focused on deep tech innovation, artificial intelligence, and strategic autonomy in defence and security, whose goal is to further develop and scale up the production of Skydweller’s zero-carbon emission autonomous aircraft capable of achieving perpetual flight.
The advice provided on this transaction is another good example of Clifford Chance’s experience advising on clean energy technologies.
The Clifford Chance team was led by Global Financial Markets Counsel Jesús Quesada, together with associates Mariana Ceballos and Enrique Pais.
