Voliro secures $12M to transform industrial inspections with aerial robotics

Zurich-based Voliro, an innovator in aerial mobile robotics, has successfully raised $12 million in a Series A funding round. This round was led by Cherry Ventures, with additional backing from established business angels, family offices, and a traditional debt facility.

With this latest injection, Voliro's total funding now stands at $22 million, bolstering its efforts to revolutionise industrial inspection, maintenance, and repair operations at height by making them safer, more efficient, and more cost-effective.

Since its founding in 2019, Voliro has been at the cutting edge of aerial robotics, developing sophisticated drones capable of executing high-precision tasks in demanding environments. In November 2022, the company introduced its first commercial product – a drone equipped with a one-of-a-kind tiltable rotor system, which enables it to interact with surfaces from virtually any angle. This breakthrough technology has already shown its potential to transform industries where precision, safety, and efficiency are critical.

Tasks like industrial inspection and maintenance at height pose inherent risks and tend to be costly and time-intensive. Conventional methods often involve scaffolding, rope access, or large teams, exposing workers to hazardous situations. Voliro's innovative aerial robots offer a game-changing solution, performing these tasks remotely to minimise human involvement in dangerous environments while also saving time and cutting costs.

“Our mission is to eliminate the need for people to be exposed to risk for any work at height,” said Timo Müller, COO and Co-Founder of Voliro. “With our advanced flying robots, we’re not only making these operations safer but also more efficient and cost-effective. This new funding will enable us to expand our product offerings and bring our technology to more industries globally.”

Voliro’s technology is already being utilised by major industry players, including Chevron, Holcim and Acuren. These companies are leveraging Voliro’s aerial robots to perform critical inspections and maintenance on industrial assets such as flare stacks, wind turbines, and other hard-to-reach infrastructure. Voliro’s drones are capable of conducting non-destructive testing (NDT) and other contact-based inspections with unmatched precision, even in challenging conditions like high winds or on sloped surfaces.

“We’ve been able to save our customers significant time and money by using Voliro’s technology,” said Danny Landry, General Manager and Drone SME at Acuren. “Their drones allow us to perform inspections much faster than traditional methods that require scaffolding, all while reducing our safety exposure.”

Voliro operates on a B2B subscription model, offering its technology as a comprehensive package that includes hardware, software, continuous updates, training, support, spare parts, and crash insurance. This model ensures that customers always have access to the latest advancements in Voliro’s technology, including upgrades to new drone models as they are developed.

“The recurring revenue from our subscription model allows us to continually invest in R&D and deliver high-quality solutions to our customers,” said Florian Gutzwiller, CEO of Voliro. “We’re committed to pushing the boundaries of what’s possible in aerial robotics, and this funding round is a testament to the confidence our investors have in our vision.”

“Voliro is setting a new standard in industrial inspections with its innovative aerial robotics technology, which addresses critical safety and efficiency challenges across multiple industries,” said Christian Meermann, Partner at Cherry Ventures. “We are excited to support Voliro as they scale their impact globally, bringing a safer and more efficient approach to work at height.”

Voliro’s long-term vision is clear: to become the global standard for industrial work at height, where autonomous flying robots handle all tasks that currently expose humans to risk. Over the next decade, the company plans to expand its product capabilities, enter new markets, and set new benchmarks in safety, efficiency, and precision for industrial operations worldwide.