In the rapidly evolving field of aerial robotics, Zurich-based Voliro has announced the successful raising of $12M in Series A funding, spearheaded by Cherry Ventures. This development marks a significant step in the company’s journey to revolutionize how industrial inspections and maintenance tasks at heights are conducted, with a focus on enhancing safety and efficiency. The infusion of funds will support Voliro in expanding its product lineup and penetrating new markets, building on its commitment to offering safer and cost-effective solutions for industrial inspections.
Compared to earlier milestones, Voliro’s trajectory shows a significant increase in investor confidence, as evidenced by the total capital raised reaching $22M. Previously, the company had garnered attention with its innovative drone technology, which began gaining traction in 2022 with the launch of its unique tiltable rotor system. This system allows drones to engage with surfaces at varied angles, a critical feature for performing complex industrial tasks. The recent funding underscores the growing recognition of Voliro’s potential to bring transformative changes to industrial safety and efficiency.
How Does Voliro Address Industry Challenges?
Voliro’s technology offers a solution to the significant risks, costs, and time associated with traditional industrial work at heights. Conventional methods require extensive scaffolding or rope access, increasing the danger to human workers. By contrast, Voliro’s aerial robots perform these tasks remotely, which substantially enhances safety and reduces both operational costs and time.
What Is the Impact of Voliro’s Technology?
The impact of Voliro’s advanced robots is evident as industry leaders like Chevron, Holcim, and Acuren have started utilizing them for critical inspections. These drones execute non-destructive testing with remarkable accuracy, which is essential for maintaining industrial assets such as wind turbines and flare stacks. By reducing human involvement in dangerous environments, Voliro’s drones not only safeguard workers but also offer a more efficient operational model.
Voliro operates on a business-to-business subscription model, which provides clients with a robust package, including continuous updates and support. This model ensures a steady revenue stream for Voliro, which in turn allows ongoing investment in research and development. CEO Florian Gutzwiller emphasizes the company’s dedication to pushing boundaries in aerial robotics innovation.
“The recurring revenue from our subscription model allows us to continually invest in R&D and deliver high-quality solutions to our customers,” says Florian Gutzwiller, CEO of Voliro.
This approach sustains Voliro’s growth and assures clients of cutting-edge technological solutions.
Cherry Ventures, a Berlin-based venture firm, leads the funding round, supporting Voliro’s mission to address safety and efficiency challenges in multiple industries. Partner Christian Meermann highlights Voliro’s role in setting new standards in industrial inspections through its innovative technology.
“Voliro is setting a new standard in industrial inspections with its innovative aerial robotics technology,” notes Christian Meermann, Partner at Cherry Ventures. “We are excited to support Voliro as they scale their impact globally.”
This endorsement from Cherry Ventures underlines the mutual confidence between investors and Voliro to scale the company’s global impact.
With this latest funding round, Voliro is poised to achieve further advancements in aerial robotic technology. This progress holds significant potential for various industries reliant on safe and cost-effective inspection solutions. As technological capabilities expand, the adoption of aerial robotics in industrial applications is likely to increase, providing broader opportunities for improving operational safety and efficiency.
