The Swedish UAV company Airolit raises 9 MSEK to accelerate the rollout of new UAV platform
Intelligent Aerial AB with its subsidiary Airolit AB (collectively “Airolit”), a Mölndal-based company specialized in the development of advanced drones for security, defense, and research purposes, has conducted a rights issue of nine million SEK. Airolit has been supplying drones to defense- and other customers since 2019 and is currently working on the deployment of its second drone platform.
Mölndal, 1 November 2023 – Intelligent Aerial AB with its subsidiary Airolit AB (collectively “Airolit”), a Mölndal-based company specialized in the development of advanced drones for security, defense, and research purposes, has conducted a rights issue of nine million SEK. Airolit has been supplying drones to defense- and other customers since 2019 and is currently working on the deployment of its second drone platform.
Airolit continues its expansion, focused on providing comprehensive UAVs (Unmanned Aerial Vehicle) and UAV systems for advanced users. Airolit will utilize the proceeds from the capital raise to expand its investments in research and development targeted towards defense applications, while also preparing its operations and organization by scaling up production capacity, securing supply chains, acquiring additional competencies, and preparing for relevant certifications in line with market requirements. There will also be a strong emphasis on marketing efforts aimed at establishing strong ties with the defense industry and achieving increased revenue.
“We find ourselves in an exciting time with significant developments in the UAV and UAV systems niche. With an increased societal focus on security and defense capabilities, we see a significant rise in demand for our products. Airolit holds a strong market position with several promising avenues to further develop our two drone platforms (Airolit Explorian XLT and Airolit S1) to address pressing needs, particularly within the defense industry,” says Claes Kjölhede, CEO of Airolit.
The rights issue was led by Seven District together with ALMI Invest and supported by other private investors, including several employees of the company.
“Airolit addresses an very exciting field building unique products based on a combination of deep technological understanding, innovation, and a strong understanding of field applications – everything through a Swedish value chain and context. I believe that Claes and his team are on the right path and see significant potential for Airolit to expand substantially in the coming years, both in Sweden and internationally. From Seven District’s perspective, we see Airolit’s products playing a crucial role in the future society,” concludes Stefan Svahn, Chairman of the Board at Airolit and Partner at Seven District.
About Airolit
Intelligent Aerial AB and Airolit AB, together Airolit. Airolit is a Swedish company that develops and manufactures industrial Unmanned Aerial Vehicles (UAVs) to industries such as security, defense, and research. Airolit’s offering consists of turnkey solutions and systems in the field of drones and their applications, including training and support. With a deep passion for technology and a commitment to quality, Airolit is determined to become one of Europe’s leading UAV providers.
About Seven District
Seven District is an investment company that combines entrepreneurship with experience, knowledge, and capital to accelerate growth and unlock the full potential of companies. Seven District primarily invests in companies headquartered in Sweden, which are, or can become, market leading in a well-defined niche, from the early stages up to c. SEK 500M in turnover. The strategy is to provide a high degree of operational support, leveraging the extensive experience of Seven District’s founding team, as well as providing an international network and financial strength when partnering up with like-minded entrepreneurs.
The investment portfolio consists of companies that leverage technology to create a competitive advantage and strive to play an important role in positively impacting the development of society. Seven District’s portfolio currently consists of Kvaser, Rapid Images, Qamcom, ACRE, Ocean Collective, Devant, Easycom, Visiba Group, Sightic Analytics and Intelligent Aerial. The early stage accelerator 7Dx includes Viospatia, Incipientus, 24 Duty, Klint, Evam, enrouteQ and IRRIOT.