Voliro secures fresh capital

The Zurich-based company Voliro AG has secured fresh capital of 12 million dollars in a Series A financing round. According to a press release, this brings the company's total capital to 22 million dollars. The financing round was led by Cherry Ventures from Berlin and supported by other private investors and traditional credit lines.

Voliro, a spin-off of the Swiss Federal Institute of Technology in Zurich(ETH) founded in 2019, specializes in the design and construction of flying robots that can approach objects precisely from any angle. They can carry out tests and repairs on objects such as electricity pylons, energy or industrial plants remotely without exposing people to dangerous conditions. At the same time, the use of drones can save costs and time. Voliro offers its services as B2B services.

"Our aim is not to expose people to any risk when working at height," Timo Müller, COO and co-founder of Voliro, is quoted as saying in the press release. "This new funding will allow us to expand our product offering and introduce our technology to more industries around the world." According to Christian Meermann, Partner at Cherry Ventures, Voliro "is setting a new standard in industrial inspection with its innovative flying robot technology. We are excited to support Voliro in expanding its global footprint and developing a safer and more efficient approach to working at height."

Voliro will also be represented at the tech and start-up trade fair GITEX, which takes place in Dubai from October 14 to 18. ce/ww