Aurrigo International’s revenues take off with demand for its autonomous vehicles rising
One of the UK’s leading providers of transport technology solutions has reported a 34% increase in revenue, with ten of its autonomous vehicles now operating across the world. Aurrigo International plc, which employs more than 110 people at its Advanced Engineering Centre in Coventry and across technical offices in Canada, the US and Singapore, has seen sales for its last financial year hit £8.9m, This has been boosted by several commercial agreements with airports to deploy its digital simulation platform Auto-Sim® and its Auto-DollyTug® electric vehicle for moving luggage and cargo around terminals
Growth in its autonomous division (up 433%) was the real highlight of 2024 and this was supported by another strong performance in automotive, where the company continues to supply precision components and wiring harnesses to a host of car makers and tier 1s. The encouraging results provide the perfect platform for the firm to drive ongoing technology development, with a focus on expanding its footprint in aviation and to help airlines, airport and ground handling operators achieve improved efficiencies, better environmental performance and, importantly, an enhanced customer experience.
David Keene, CEO of Aurrigo International, commented: “2024 was another year of real progress, supported by significant revenue growth in our autonomous division. Awareness around the benefits of autonomous technology across airside operations is growing rapidly, helping to support our progress and the long-term outlook for the business.
“Both our product and commercial teams have worked tirelessly this year to expand our customer base and improve and broaden our product range. With first mover advantage, a growing range of proof points and industry support, our go-to-market capability is stronger than ever.”
Aurrigo International has continued to make good progress in the new financial year, with Aviation Solutions B.V the latest deal to be announced. This has seen Auto-DollyTug® and Auto-Sim® formally approved to be marketed across its network of 60+ airports. Testing and validation are already underway at Amsterdam Airport Schiphol and the focus now moves towards commercialising this proven technology to airports worldwide.
April also saw the global unveiling of Auto-Cargo® in Coventry. This is the company’s largest ever autonomous vehicle and can carry a total payload of 16,500kg, using precision automation, advanced obstacle detection, and real-time fleet coordination to optimise on-the-ground performance. Backed by funding from Innovate UK and CCAV, the new vehicle’s next stop is to move heavy cargo loads to and from aircraft at UPS’ hub at East Midlands Airport, the UK’s second largest cargo terminal.
David concluded: “Aurrigo has first-mover advantage in intelligent Ground Support Equipment (iGSE) and, when you combine this with our expansive technology offering and proof point delivery at seven airports globally, we are in an ideal position to capitalise on this emerging market opportunity.”
For further information, please visit www.aurrigo.com or follow the company across its social media channels.
Notice of Investor Presentation
David Keene, Chief Executive Officer, will host a presentation and Q&A relating to the Company’s results at 11:00am on Wednesday 21 May 2025. The presentation will enable existing and prospective investors the opportunity to listen to management discuss the Group’s full year results. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.
To sign up to the presentation via Investor Meet Company please register using the following link:https://www.investormeetcompany.com/aurrigo-international-plc/register-investor
For further enquiries:
| Aurrigo International plc
David Keene, Chief Executive Officer Ian Grubb, Chief Financial Officer
|
+44 (0)2476 635818 |
| Cucumber PR
Russ Cockburn |
+44 (0)78 1260 0271 |
Notes to Editors:
Aurrigo International plc is an international designer and developer of fully integrated smart airside solutions for the aviation industry, including automated vehicles, systems and software.
The Group’s proprietary, award-winning autonomous technology and secure management system is supporting some of the world’s leading airports. Customers choose to partner with Aurrigo to transform their baggage and cargo handling operations, improving safety, operational efficiencies and meeting sustainability targets, while navigating growing passenger volumes, rising costs and increasing labour shortages.
Headquartered in Coventry, UK with offices in Singapore, Cincinnati and Ottawa, the Group has a 32+ year heritage designing and supplying automotive vehicle OEM’s with highly advanced, innovative product and system solutions.
For more information, please visit the Group’s website at www.aurrigo.com.
