Robotic Vehicle Technology
Coventry-based autonomous vehicle technology firm Aurrigo International has capped a year of expansion with a £5.25m share placing raise.
The company, which has expanded deployment into multiple new countries, opened a US office and sealed a second phase deal with Changi International in the last 12 months, will use the cash injection to scale production of its Auto-DollyTug.
The investment will allow the platform to have 22 tugs in operation in 2025, potentially accelerate commercial sales timelines and enable the ‘go live’ moment with Auto-Cargo in partnership with UPS.
There will also be four live Auto-Sim contracts at international airports in the same period, which will help new and existing clients build digital twins of activity.
David Keene, chief executive of Aurrigo International, said: “This is a fantastic raise to finish the year and gives us the perfect platform to roll-out our iGSE (intelligent Ground Support Equipment) concept to the aviation world.
“We have early-stage engagement with 34 airports and 19 airlines, with eight customers now agreeing to use Auto-Sim. The investment will ensure we can scale our production capabilities and teams to meet the growing demand for technology that we are now proving in the real world.”
He added: “Unlike a lot of companies who just talk about the impact of their tech, we are actually delivering and will now need more engineering, software, manufacturing and supply chain staff, not to mention an increase in the number of specialists in our deployment teams.”
SOURCE: Aurrigo International
