Menu
Part of the EIB Group
Search

Aerones: using robotics to help the environment

Read out loud
10 Feb 2021# min read

Dainis Kruze is the co-founder of the Latvian company Aerones, a robotic wind turbine inspection, maintenance & repair solution that enables a two to three man team to execute in hours a range of services that would otherwise take days.

Discover more

Learn about their story

Finding the right market

The concept of Aerones had originally started off as a heavy lift drone project, when Dainis and his co-founders Janis Putrams and Andris Dambis joined forces in 2015.

At first the co-founders considered applications such as rescue and firefighting, but the business model wasn’t quite clicking; the market wasn’t very large and urban regulation on drone operation meant there were several barriers to success. “But then we thought of the wind energy industry and things fell into place”, explains Dainis.

Leaving drones behind

“After testing the drone solution, we continued to improve the technology until we understood that the drone is not the most precise technology for this task, so instead we developed a system of pulleys to enable the robots to climb up, clean, inspect and repair wind turbine blades as well as apply things like ice phobic coatings and fillers - all with the same system, just by changing different robotic arms.”

With the wind energy industry predicted to grow to 30 times its current size, Aerones saw an explosion in demand and now works all around the world for large wind turbine manufacturers.

If we can be a part of making renewable energy more accessible even by only 5 percent, that’s already something valuable. ”

- Dainis Kruze, co-founder

Championing the business

“We are building something completely different from the currently available solutions. The wind industry can provide energy for our children. If we can be a part of making renewable energy more accessible even by only 5 percent, that’s already something valuable”.

The company received investment from Change Ventures, a venture capital firm backed by the EIF, in 2020 to help them scale their commercial offer, “it’s great to be able to discuss ideas or ways in which we can solve problems, and to have a partner which champions our business” says Dainis.  “As founders we also bring different things to the table, and this is important too. I am the sales guy, Janis is the start-up veteran, and Andris is the mechanical engineer; it’s the perfect combination”. And with giants like GE starting to approach Aerones for offshore maintenance, the sky is quite literally the limit for this future-focussed trio.

About Aerones

EIF financing

These are funding initiatives from our portfolio used to support this company

Baltic Innovation FundInnovFin EquityEFSI

Financial intermediaries

EIF partners participating in this transaction to match our resources

Karma Ventures

More stories like this

Find more information about EIF activity in your country

Related products

EIF other initiatives similar to this transaction which supported this company

BIF 2Equity productsInvestEU Equity products