Monday 22 June 2020

US provider of drone services raises $7.5m to expand work on renewable energy market

US provider of drone services DroneBase has raised $7.5 million (£6m) to expand work on the renewable energy market.

The company's drones are used by renewable energy companies to take images of their projects more quickly than traditional inspection methods.

The company has also launched a new platform which enables energy companies to use drone technology to inspect a wind turbine’s parts through an autonomous flight system, which offers data.

New investors in the company include the private investment firm Valor Equity Partners and the venture capital company Razi Ventures.

Dan Burton, CEO and Founder of DroneBase, said: "DroneBase’s expansion into renewable energy reflects our belief in the growth potential of the wind and solar energy industries.

"Since many energy companies have both wind and solar assets, we are well-positioned to leverage our DroneBase Insights platform to grow our global market share in renewable energy."

The company has raised $32 million (£25.8m) of investments in total.