Airpelago, a Swedish company providing drone software and services for automatic inspections of linear infrastructure, today announced that it had raised 8.5 million SEK in seed funding. The funding will be used to support the roll-out of large upcoming projects on the Swedish market, as well as for international expansion.
A large amount of the shares were subscribed to by Airpelago’s pre-seed investor VEQ, who doubled their ownership and significantly increased their engagement in the company. New investors include Sustainable Energy Angles, We Are Angles, and Airpelago employees.
“We are very proud that both existing- and new investors, as well as our own employees, believe in our vision of better, greener, and more efficient inspections of linear infrastructure,” says Max Hjalmarsson, Co-founder, and CEO of Airpelago.
“I’ve had the privilege to work with the team behind Airpelago for about a year now and I’m very impressed with what they have accomplished in such a short time. When we got the opportunity to increase our ownership in the company it was a no-brainer", says Viktor Gällström, Partner at VEQ.
Founded in 2018, Airpelago specializes in developing automation software that streamlines large-scale inspections of linear infrastructure with drones. In 2022 the company secured a strong position on the Swedish market for power line inspections, with successful projects for Sweden’s largest electrical utility companies: EOn, Ellevio, Vattenfall, and Svenska Kraftnät. Airpelago now focuses on international expansion and has ongoing leads with customers in Norway, Finland, Germany, France, and Poland. The company has also proven to be a front-runner in drone regulations, acquiring the first permit in Sweden which allows flying drones beyond line of sight without the need for restricted airspace.
“The key to our success is our world-class automation software. Thanks to the new funding we will reach more customers both in Sweden and around the world, helping them get a better picture of the status of their critical infrastructure while heavily reducing their carbon footprint” says Tobias Fridén, Co-founder and CTO of Airpelago.