Latvian Drone startup raises €2.7 million
Latvian drone startup Aerones has just raised 2.7 million euros from the InnoEnergy investment platform to continue developing its technology and prepare its manufacturing platform with the implementation of a global franchise business model in mind.
Backed by Y Combinator, Aerones makes high-power drones that can assist in the maintenance of wind turbines, the cleaning of big buildings and even with firefighting.
“InnoEnergy’s support is a meaningful step in Aerones’ development because it will allow it to develop its existing drone technologies as well as new robotics solutions for servicing wind turbines. The initially successful wind turbine cleaning service via drones will be expanded to include robotic systems that will make it possible to technically service and monitor wind turbines. In its segment, this is a unique service at a global level,” said Zigmārs Rekaitis, a member of Aerones’ board.
Earlier in 2019, Aerones’ subsidiary Aerones Nordic raised 2.2 million euros from Expansion Capital and Altum, with which they are planning to develop drone export services to Scandinavian and Baltic countries.
“Now, Aerones Nordic has become practically the only company in the world that can offer one-stop services to owners of wind turbines. By using the additional financing from InnoEnergy, the service will be expanded with robotic solutions for technical servicing of wind turbines. The first pilot projects have been successfully implemented in Latvia and Aerones Nordic has already begun offering its services in Germany. The company is also planning for rapid growth in other leading wind turbine markets in Europe, such as Spain, Great Britain, and France,” explains Eriks Fricsons, a member of the board at Expansion Capital AIFP and an earlier investor in Aerones.