Change Ventures co-leads in the $9m seed funding round of its portfolio company Aerones

27 April 2022
Photo: Aerones cofounders Dainis Kruze and Janis Putrams

Aerones, the Latvian startup that makes wind turbine inspection a snap with its proprietary robots, has raised $9 million in seed funding to further accelerate the global scaling of its robotic wind turbine maintenance and inspection services.

Future Positive Capital led the round alongside existing investor Change Ventures. Other investors included Skype founder Jaan Tallinn (through his vehicle Metaplanet), Vinted co-founder Mantas Mikuckas, Printify CEO James Berdigans, Capitalia, Pace Ventures, and EcoSummit.

Aerones offers robotic wind turbine services out of its hub in Riga, Northern Europe, and employs over 100 professionals.

The company’s robotic wind turbine generator blade maintenance system is an unconventional method of delivering various tools to the blade for inspection, cleaning, and maintenance. It takes only an hour to set up and disassemble the system at the site. The operator sits in a well-equipped van and controls the winch system via joystick inputs similar to a drone.

The robotic system allows the industry to replace the need for humans to dangerously hang on the ropes at high altitudes to perform blade maintenance.

The robot operates up to six times faster, thus reducing the downtime, costs (40% more cost-efficiently than humans), and carbon footprint during the services. Additionally, more efficient methods of services allow for preventive maintenance of the blades, thus prolonging the lifetime of the wind turbines. All this is possible in a broad range of weather conditions and times of the day. As a result, it has been possible for Aerones to service over 3,000 wind turbines in 17 countries globally.

Aerones counts nine of the world’s ten largest wind companies among its clients, including Siemens Gamesa, Enel, GE, and Vestas. Its business has grown more than tenfold in Q1 year-on-year, despite the unfavorable Covid-19 conditions.

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Photo credit: Areones;

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