Aurrigo International plc

Coventry-based Aurrigo is a leading international provider of transport technology solutions. The group designs, engineers and manufactures electric autonomous vehicles and OEM products to the automotive and transport industries.

Aurrigo listed on AIM in September 2022, under challenging market conditions. The group raised £8m on admission, at a placing price of 48p. The success of the listing and fundraise is a testament to the group’s innovative technology and provides Aurrigo with a solid platform for growth. The IPO was identified as the best performing IPO of 2022.

Since floating, the group’s share price has increased 152% from 52.5p to 132.5p and its market cap has grown from £20m to £55.21m. Aurrigo has also continued to deliver on its key IPO objectives. In October 2022, the group signed an agreement with Changi Airport Group for the next phase of development of the Auto-Dolly, its innovative baggage transportation solution for airports, and this was shortly followed by a multi-year partnering agreement with Changi in February 2023.

ESG highlights: ESG is fundamental to Aurrigo’s mission and provides many opportunities to grow its business. The group is investing in reducing its carbon footprint and engaging in DEI initiatives including internships and in-house mentoring.

The project supported by UK public funding aims to reduce emissions and increase safety

UPS and Aurrigo have announced a collaborative project to deploy Auto-Cargo, an autonomous electric vehicle designed to move heavy cargo loads to and from aircraft at the UPS hub at East Midlands Airport, the UK’s second-largest cargo terminal.

The vehicle can transport a standard full-size cargo pallet or two half-size aviation industry standard containers or Unit Load Devices (ULD) up to a total load of 7.5 tonnes and is designed to tow a further fully loaded cargo trailer behind it.

Its autonomous technology will enable the limited numbers of security-cleared drivers to be freed up to perform other roles around the airport, while also producing zero tailpipe emissions.

The programme is supported by matched funding from Innovate UK, the UK Government’s innovation agency, and CCAV, with almost 500K GBP in funding. The two companies will develop and pilot Auto-Cargo at East Midlands Airport over a 14-month period.

David Keene, Aurrigo CEO: “This vehicle allows an airfreight operator to help decarbonise and automate its ground operations for lower emissions and greater efficiency. By combining the tractor and trailer into one unit, we save space, which in a busy cargo hub like East Midlands Airport is vital to efficient loading and unloading of aircraft.’’

Matt Nicholson, UPS International Director of Automotive Engineering: “Our business is all about delivering parcels efficiently through our global, integrated network. This collaboration will help us do that with increased safety and zero tailpipe emissions, making our airside operation more efficient with a purpose-designed vehicle.’’

VISUAL:                        Conceptual rendering of cargo dolly

INTERVIEW OPP:      Matt Nicholson, International Automotive Director, UPS

MEDIA CONTACT:      Shenique Edwards, UPS, sheniqueedwards@ups.com

EXCLUSIVE: Coventry-based Aurrigo International has deployed its futuristic Auto-Shuttle in Prague – a major worldwide tourist destination.

‘Major Brexit export win’: British-made driverless shuttles appear in Prague

EXCLUSIVE: Coventry-based Aurrigo International has deployed its futuristic Auto-Shuttle in Prague – a major worldwide tourist destination.

https://www.expats.cz/czech-news/article/this-self-driving-bus-is-now-carrying-passengers-at-prague-exhibition-grounds

https://www.londonstockexchange.com/news-article/AURR/eu-grant-for-auto-shuttle/16129373