Launched in 2012, FLYING WHALES develops a unique program in the world: a rigid airship for heavy loads transportation, named LCA60T. The company, which has already closed 3 rounds of financing, including a €122 million round in 2022, counts prestigious companies and three governments among its shareholders. Its entry into the GIFAS (Groupement des Industries Françaises Aéronautiques et Spatiales) StartAir club shows how promising and exciting is this project.
An extraordinary industrial consortium for a unique project
At the end of 2012, an exchange with representatives of the French National Forests Office (ONF) launched the start of this major industrial adventure. The main pain to solve was to increase wood harvesting in isolated regions, while reducing the economic and ecological footprint of this extraction. It’s how the idea of a cargo airship capable of hovering, loading and unloading dozens of tons of wood without landing was born.
During three years, studies were made that validated the technical, industrial, economic and regulatory relevance of the model. Then it was time to look for financing. An initial fundraising of 10 million euros in 2017 gave rise to an industrial consortium. About 50 companies of all sizes gradually joined this consortium, including corporates such as Thales, Safran and, more recently, Honeywell. In terms of capital, institutions such as the ONF and the Nouvelle-Aquitaine region joined the project.
In 2019, a second round of financing, worth 30 million euros, brought in the Quebec government, and corporates such as ADP Group, Air Liquide, Bouygues and others... The team expanded and set up strong industrial partnerships. In June 2022, FLYING WHALES raised 122 million euros. France and Monaco joined the venture, along with Société Générale Insurance and other private investors.