, an international company in the defense, aerospace and security sectors, has completed in recent days-through the exercise of an option stipulated in 2021 and linked to the achievement of pre-established objectives-its entry into FlyingBasket‘s capital and the appointment of a member to the Board of Directors by co-option.
As a result of this transaction, Leonardo will go on to hold about 10 percent of the company, with about 25 percent held by Cysero – a venture capital fund promoted by AVM Gestioni SGR and Kilometro Rosso, which invested directly in the company in March 2022 – and the remaining 65 percent divided among the founders and managers of the company, which was born from the genius of brothers Moritz and Matthias Moroder.
Taking advantage of the dynamics of a constantly expanding sector and leveraging a very strong capacity for innovation, FlyingBasket has succeeded in just a few years in establishing itself on the market as a reality of excellence, as demonstrated by the agreements signed with Enel and Cablex (Swisscom group), along with the applications developed in the field of renewables, particularly for wind power, and participation in important tenders in the logistics and defense fields.
The interest of Leonardo – which after selecting FlyingBasket as preferred supplier will now make available infrastructure and technological assets to the investee – is linked to the role FlyingBasket could play in the future national logistics network, based on the use of cargo drones. In addition, the multinational company’s entry into the capital will, thanks in part to its direct involvement in governance, further the company’s growth path already started with the contribution of the Cysero fund.
We immediately believed in FlyingBasket, supporting its growth path and providing our contribution not only as a financial partner but also as a reliable partner for the structuring of business processes,“
comments Giovanna Dossena – CEO of AVM Gestioni SGR.
The Cysero fund has defined together with the management the growth strategy, strengthened the corporate finance levers and introduced management, governance and control mechanisms capable of a stable and deep presidium oriented to principles of transparency, sustainability and positive impact on the economic and social context. Today, the entry of Leonardo opens new horizons of experimentation, competition and development for the company.”
“The entry of Leonardo S.p.A. consolidates a relationship already developed over the years in which the know-how and network available to the company has enabled FlyingBasket’s growth,” emphasizes Moritz Moroder, CEO of FlyingBasket. “The path started will see further developments thanks to this initiative and confirms the interest of investors and industrial stakeholders in the project created in 2015 that aims to bring our innovative solutions to Italy and Europe to promote the values of sustainability and accessibility in the air transport sector.”
Leonardo’s decision to enter the company’s capital is the best confirmation of the absolute excellence at the European level of FlyingBasket’s product and team,” adds Luca Todesco, FlyingBasket board member, who oversaw the Leonardo S.p.A. entry transaction on behalf of Cysero. “We are eager to start working with the people at Leonardo to further accelerate the growth of FlyingBasket.”
“We are very pleased with this important milestone for FlyingBasket” – comments Salvatore Majorana, Director of Kilometro Rosso – “which rewards the ability to team up and pool the best energies. In this spirit, the work of the Cysero team and its ability to dialogue with the business community is a resource for the development of the fund’s investees.“
