GRIFF Aviation AS from Norway has accomplished one other fund elevating with Ronja Capital II from Norway and Japanese Chiba Dojo Drone Fund II Investment Limited from Japan. GRIFF Aviation develops industrial drones for a number of kinds of industries internationally together with energy firms, main development initiatives, ports, offshore and for city operations.
In complete, GRIFF raised EUR 6,7M. The firm has to date raised near EUR 10M in money, shareholder loans and from nationwide and worldwide grants. The final fund elevating was based mostly on a valuation on EUR 25M. The firm now considers itself effectively financed and focuses on gross sales in India, Japan, Australia, Scotland and France. The plan is to boost extra capital, sooner or later, to develop the manufacturing capability.
The first drone GRIFF developed was the GRIFF 135, which measures 2.5m x 2.5m and weighs 70kg of which the battery constitutes 40kg. It has a lifting capability of 30kg with a flight time of 25min at as much as 90km/h. GRIFF has began the industrial supply of drones and the primary drones had been bought to Canada, US, Japan and Australia. The firm can also be engaged on signing analysis and growth contracts, the place the aim is to extend the lifting capability and use instances with integration of superior sensor & software program for the brand new variations of the GRIFF drone vary.
GRIFF has a long-term aim of substituting helicopters with drones once they fly cargo in a radius past 10km. The subsequent undertaking might be a bigger demonstration in India, the place one will exhibit flying with cargo as much as 4000m altitude. The firm has additionally accomplished a JARUS SORA with Con. Ops. This enabled GRIFF to grow to be one of many first heavy lifting drones (100kg in air) on the planet with a flight allow to fly over a metropolis. This is without doubt one of the most troublesome challenges one can obtain in unmanned aviation.
Tore Tønseth, Investment Director at Ronja Capital says,
“We are impressed by how sturdy a place GRIFF Aviation has gained within the heavy-lift drone market. When massive and dominant international gamers wish to collaborate with the corporate, it tells one thing about how far GRIFF Aviation has come. We have nice religion in what the corporate can obtain on this fast-growing market. ”
Miki Temmyo, Global Account Manager at Drone Fund says,
«DRONE FUND is satisfied that GRIFF Aviation’s progressive, heavy-lift drones might be utilized in many industries. With its dependable expertise, sturdy design and future-oriented imaginative and prescient, we imagine GRIFF Aviation has the potential to be one of many trade’s main firms ».
About Ronja Capital AS
Ronja Capital is a family-owned Norwegian funding firm with a give attention to development firms and sectors with vital future potential. Ronja Capital at the moment has numerous investments, starting from early-stage to bigger established firms. The funding firm has been very energetic within the Norwegian capital market lately, with a number of IPOs.
About Chiba Dojo Drone Fund II Investment Limited
DRONE FUND invests in drone and air mobility, with the imaginative and prescient of a “drone mobility-based society.” Through present funds, Drone Fund has an funding portfolio of greater than 45 start-up firms in Japan and overseas.
About GRIFF Aviation AS
GRIFF Aviation is a growth firm of drone expertise. The firm was established in December 2015 and relies in Sykkylven, Norway. The firm develops industrial heavy-lift drones, licensed in keeping with aviation requirements.
Leif Johan Holand
GRIFF Aviation AS