The fund will also be used as a strategic investment into tech acquisition and entry into the advanced air mobility space
by SHAFIQQUL ALIFF / pic TMR File
AERODYNE Group has raised US$30million (RM137.7 million) as part of its latest bridging round, and it will be used to support the group’s further expansion into European, African, Latin American and South Asian territories.
Aerodyne founder and group CEO Kamarul A Muhamed said the fund will allow them to scale even further globally, especially supported by their new technology developments.
“We also have plans to raise further capital in the near future, amounting to US$100 million to US$200 million to bring the group to the next stage of its growth, which we are very excited about.
“We’re delighted to welcome Petroliam Nasional Bhd as an equity partner and are immensely proud of the conviction and support of our existing investor Retirement Fund Inc in our growth,” he said in a statement.
Kamarul added that the fund will also be used as a strategic investment into technology acquisition to further deepen Aerodyne’s technology edge and launch Aerodyne’s entry into the advanced air mobility space.
“Part of the funds could also be utilised to support Aerodyne’s agriculture scaling up efforts and bringing this solution into Indonesia and India as Aerodyne’s flagship precision agriculture solution is powered by in-house developed AI capabilities.
“Furthermore, a large-scale commercialisation plan for Aerodyne’s advanced air mobility solution is also already underway and it can replace the more costly traditional methods and is well-suited for oil and gas operations such as shore-to-platform and platform-to-platform deliveries,” he said.
Aerodyne is a DT3 (drone tech, data tech and digital transformation) drone-based enterprise solutions provider and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics and process optimisation with a presence in 35 countries.