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Thursday, 17 March 2016

Israeli drones are about to take over the world’s skies

Business Insider

Israel is by far the largest exporter of military drones in the world.

Take the AirMule fromUrbanAero. It could have flown right off the pages of a Batman comic book.

Designed to take off and land vertically with up to 1,400 pounds of cargo and zip through the air at over 100mph, this drone is set to transport injured soldiers from urban war zones where standard helicopters simply cannot fly.  

When it comes to military drones like the AirMule, Israel is by far the largest exporter in the world,shipping over 61% of worldwide volumes, according to the Stockholm International Peace Research Institute (Sipri).

But Israeli startups account for less than 1% of the $1.1 billion invested in commercial drone startups worldwide. Still, angel backed Israeli startups likeFlytrex, Dronomy andPercepto are punching above their weight to tackle distinct segments of the drone market. (Disclosure: I am not an investor in any of the companies mentioned in this article, nor is my company, Genesis Partners.)

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