Latvian technology company Aerones raises $62M
Latvian company Aerones, a provider of robots for wind turbine maintenance and diagnostics, has raised $62M in investment. The round was led by venture funds Activate Capital and S2G, with participation from Carbon Equity and Overlap Holdings. Aerones' existing investors also participated in the investment round.
The raised funds will be used for the company's market expansion, research and development in artificial intelligence and robotics, and expansion of manufacturing and service in the wind energy industry.
Aerones is a company that has developed technologies that optimize turbine performance, extending turbine life and reducing downtime for wind farm operators around the world. Since 2020, Aerones has helped generate nearly 400K megawatt-hours of additional clean electricity and avoided 165K tons of CO₂ emissions. Over the next five years, the company could avoid more than 170M tons of CO₂ emissions by maintaining more than 10K turbines per year in more than 30 countries. Aerones was founded in 2015 in Latvia. Aerones's founders are Janis Putrams, Dainis Kruse and Andris Dambis.
Activate Capital is an American venture capital firm founded in 2017. It specializes in investing in companies that transform industries through technology. Some investment areas: clean energy, smart cities, artificial intelligence, machine learning.
S2G Investments is an investment company that focuses on the energy, food and agriculture, and oceans sectors. The company supports entrepreneurs and teams offering innovative market solutions. S2G was founded in 2014 in the United States.
Overlap Holdings is a venture capital investment firm founded in 2022 in the United States. The company supports startups in the field of advanced technologies, offering both equity and debt funds at all stages of development.
Carbon Equity is a platform that allows investors to access carbon markets and invest in carbon credits as an asset class. The company was founded in 2021 in the Netherlands.
