The Zurich-based company Voliro AG has raised 12 million US dollars in fresh capital as part of a Series A financing round. According to a press release, this brings the total capital raised by the company to 22 million US dollars. The financing round was led by Cherry Ventures from Berlin and supported by additional private investors and conventional debt facilities.
Voliro, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH) founded in 2019, has become a specialist in the construction of flying robots, i.e. drones, that can precisely approach objects from any angle. In this context, the drones can remotely carry out tests and repairs on objects such as pylons, energy facilities and industrial plants without exposing people to dangerous conditions. At the same time, the use of drones helps to cut costs and save time. In terms of offering its services, Voliro operates a B2B subscription model.
“Our mission is to eliminate the need for people to be exposed to risk for any work at height”, comments Timo Müller, COO and co-founder of Voliro, in the press release. “This new funding will enable us to expand our product offerings and bring our technology to more industries globally”, he adds. According to Christian Meermann, Partner at Cherry Ventures, Voliro is “setting a new standard in industrial inspections with its innovative aerial robotics technology”. He goes on to state that the company is “excited to support Voliro as they scale their impact globally, bringing a safer and more efficient approach to work at height”.
Voliro will be represented at GITEX, a technology and start-up trade fair set to take place October 14-18 in Dubai. ce/ww
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