Coventry-based autonomous vehicle technology firm Aurrigo International – which works with airports across the globe – is upbeat after a “strong trading year” and fundraising which it described as a “potentially transformational moment”.
Aurrigo’s technology is in deployment in six airports across the world, with the company in early-stage conversations with another 34 airports and 19 airlines
“A strong trading year was complemented even further with a share placing raise of £5.25m to finish 2024 – a potentially transformational moment for our business,” said chief executive David Keene. “The new investment will give us the cash injection required to scale-up production of our Auto-DollyTug, an all-electric autonomous vehicle designed to transform baggage and cargo handling operations at airports through improved safety, operational efficiency and reduced carbon emissions.”
The cash injection will allow the platform to have 22 tugs in operation in 2025, potentially accelerate commercial sales timelines and enable the ‘go live’ moment with Auto-Cargo in partnership with UPS.
Keene said there will also be six live Auto-Sim contracts at international airports in the same period, which will “help new and existing clients build digital twins of activity so they can optimise performance”.
He added that Coventry “will continue to be the epicentre of advanced design and manufacture”. with the group expecting to “bolster the team here and in some of our international locations in the US, Canada and Singapore”.
“After 40 years of very few ground handling innovations, the aviation sector now appears to be ready for something new and we are already proving – airside – that our Auto-DollyTug vehicle and our Auto-Sim software can deliver cost savings, environmental improvements and a better passenger experience,” said Keene. “We fully expect airlines and airports to accelerate their determination to embrace what we are calling the move to ‘intelligent ground support equipment’ (iGSE)”.
