Agro-tech startup Aero 41 raises seed funding from Boundary Holding to realise expansion plans
13.09.2022
Aero 41, a home-grown agricultural-technology company that provides crop-spraying solutions using their drones and proprietary software, has raised a significant amount in seed funding from Boundary Holding, a European deep-tech investment firm. The exact financial details are expected to be released soon. Aero41 won Venture Kick stage 1 in 2019 and participated in Venture Leaders Technology in 2020
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The agro-tech Switzerland-based company, which sells Unmanned Aerial Vehicles (UAVs) and related spare parts for agricultural use, mainly to farmers and resellers, will utilize the funds to explore the future for farmers based on the most innovative technologies, add other crops to their service areas and expand sales in Europe and the US.
Integrating technology into the agricultural sector is an inescapable reality today, considering the numerous challenges and pain points that farmers otherwise face in farming.
Pesticides are extensively used in agriculture to control harmful pests and prevent crop yield losses. But pesticides may cause undesirable effects on human health and the environment when done manually. Farmers are routinely exposed to high levels of pesticides, which mostly occur during the preparation and application of the pesticide spray solutions. Farmers who mix, load, and spray pesticides can be exposed to these chemicals due to spills and splashes, and direct spray contact.
The use of UAVs in crop spraying is considered safer and more precise than conventional methods. Nearly everyone working on the future of modern agriculture is focused on efficiency.
Developed in Switzerland by Aero 41, the 17-liter AGv2 is specifically designed to meet the stringent requirements for work in vineyards and vertically growing, added-value crops. At 10.5 km per hour, its superior processing speed helps save time when moving from one area to the other during the spraying campaign. Its optimized spraying ramp allows ideal distribution. This solution is increasingly being preferred by organic farmers as it allows automated operations with minimal human intervention.
The partnership between Boundary Holding and Aero 41, according to them, is not merely based on the infusion of funds, but on a long-term strategy to nurture sales, growth, and expansion to various geographies.
The global smart agriculture market size was valued at approximately $16 billion in 2019 and is estimated to reach $29 billion by 2027, with a CAGR of 9.7% from 2021 to 2027.
This rising trend is reflected in the way farming is done in several countries today. Agriculture technology is penetrating the market at an accelerated pace in modern farms and agricultural operations, allowing businesses to be more profitable, efficient, safer, and more environmentally friendly.
Aero41 won Venture Kick stage 1 in 2019. "More than the money, Venture Kick enabled exchanges with a pool of experts that allowed us to confront ideas and clear objectives. Venture Kick, in this context, lives up to its name and was for us a kind of kick in the pants of our development thoughts"
They also participated in Venture Leaders Technology in 2020: "Venture Leaders allowed us to question ourselves on strategic and commercial aspects. Selling machines is one thing, generating recurring revenue is another, and the interactions that took place in this context allowed us to shape a more current, more innovative business model. Exchanges with professional investors allowed us to reframe our business plan and clarify our strategies. A boot camp that was both interesting and motivating." says Frédéric Hemmeler, CEO of Aero 41.
Aero41 founder and CEO Frédéric Hemmeler
Integrating technology into the agricultural sector is an inescapable reality today, considering the numerous challenges and pain points that farmers otherwise face in farming.
Pesticides are extensively used in agriculture to control harmful pests and prevent crop yield losses. But pesticides may cause undesirable effects on human health and the environment when done manually. Farmers are routinely exposed to high levels of pesticides, which mostly occur during the preparation and application of the pesticide spray solutions. Farmers who mix, load, and spray pesticides can be exposed to these chemicals due to spills and splashes, and direct spray contact.
The use of UAVs in crop spraying is considered safer and more precise than conventional methods. Nearly everyone working on the future of modern agriculture is focused on efficiency.
Developed in Switzerland by Aero 41, the 17-liter AGv2 is specifically designed to meet the stringent requirements for work in vineyards and vertically growing, added-value crops. At 10.5 km per hour, its superior processing speed helps save time when moving from one area to the other during the spraying campaign. Its optimized spraying ramp allows ideal distribution. This solution is increasingly being preferred by organic farmers as it allows automated operations with minimal human intervention. The partnership between Boundary Holding and Aero 41, according to them, is not merely based on the infusion of funds, but on a long-term strategy to nurture sales, growth, and expansion to various geographies.
The global smart agriculture market size was valued at approximately $16 billion in 2019 and is estimated to reach $29 billion by 2027, with a CAGR of 9.7% from 2021 to 2027.This rising trend is reflected in the way farming is done in several countries today. Agriculture technology is penetrating the market at an accelerated pace in modern farms and agricultural operations, allowing businesses to be more profitable, efficient, safer, and more environmentally friendly.
Aero41 won Venture Kick stage 1 in 2019. "More than the money, Venture Kick enabled exchanges with a pool of experts that allowed us to confront ideas and clear objectives. Venture Kick, in this context, lives up to its name and was for us a kind of kick in the pants of our development thoughts"
They also participated in Venture Leaders Technology in 2020: "Venture Leaders allowed us to question ourselves on strategic and commercial aspects. Selling machines is one thing, generating recurring revenue is another, and the interactions that took place in this context allowed us to shape a more current, more innovative business model. Exchanges with professional investors allowed us to reframe our business plan and clarify our strategies. A boot camp that was both interesting and motivating." says Frédéric Hemmeler, CEO of Aero 41.
Source: Boundary Holding Press Release
Aero41 founder and CEO Frédéric Hemmeler