The company specializes in robot-enabled turbine inspection and maintenance and plans to use this funding round to grow its technical and sales functions, expand its presence in fast-growing markets including Africa and Australia, and bring new services to market.
According to Fortune Business Insights, the market is projected to grow from $36.27 billion in 2022 to $63.82 billion by 2029, at a CAGR of 8.4% and Aerones wants to be ready to meet that growing demand.