Wingbits, a startup specializing in decentralized infrastructure for aviation, has raised €5.6 million in a funding round led by Borderless Capital and Bullish Capital. Spartan Group, Tribe Capital, Antler, SNZ, and Heartcore also participated, bringing the company’s total funding to €9.2 million.
Founded by Robin Wingardh and Alex Lungu, Wingbits is developing the first decentralized physical infrastructure network (DePIN) for flight tracking. Leveraging the Solana blockchain, this system directly rewards contributors with its native $WINGS token. The goal is to address the inefficiencies and perceived exploitation of traditional models while improving the reliability and coverage of flight data.
In partnership with GEODNET, Wingbits has designed cryptographically secured ADS-B receivers to ensure reliable and verifiable data. These innovative devices have already garnered over 2,000 preorders, solidifying the startup’s position as a key player in the aviation industry.
In just 18 months, Wingbits has established a network of 2,100 active stations across 85 countries, capable of tracking 120,000 unique flights daily. This growth is six times faster than any other existing flight tracking system, demonstrating the strength of its incentive-based business model.
With global air traffic expected to double by 2040 and the drone industry projected to reach €55 billion by 2030, the demand for reliable and scalable tracking systems is on the rise. This funding will enable Wingbits to accelerate hardware deployment in underrepresented regions, refine its tokenomics, and prepare for the launch of its mainnet.