Autonomous transport specialist Aurrigo International has raised £14.1m to accelerate growth, identify larger manufacturing facilities and increase its technical and manufacturing teams.
The company has secured £9.75m from Next Gen Mobility with further funds from existing and new investors as part of a new share placing. It will use this to build multiple show demonstrator vehicles, explore relocation to a bigger engineering and manufacturing centre in Coventry, and scale production to meet the requirements of the seven airports it currently works with.
There will also be an emphasis on increasing its 110-strong workforce.
“We are delighted to welcome Next Gen as a strategic investor and are grateful for the support of both our existing and new investors,” explained Professor David Keene MBE, CEO of Aurrigo International plc.
“The significant funds raised will provide additional firepower to expand our operations and team, as we focus on the successful launch and go-to-market of our leading autonomous solutions for aviation, including Auto-DollyTug (for baggage operations), Auto-Shuttle (for moving passengers) and Auto-Cargo, our biggest model yet and ideal for cargo operations.”
The company has also announced a major partnership with Swissport which will see it conduct its first-ever global pilot of autonomous ground handling technologies at Zurich Airport.
David went on to add: “We have already identified potential future commercial opportunities with Next Gen, especially around UK-projects focused on implementing pods and rapid passenger transport systems.
“In the medium-term, we are also exploring the potential of setting-up an additional offshore manufacturing operation that could help us gain entry into the South Asian and South East Asian aviation markets.”
For further information, please visit www.aurrigo.com.
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