Axon Partners Group recently completed an investment of €7.5m in Embention, a global leader in autopilots and components for unmanned aerial vehicles (UAV) and urban air mobility (UAM).
Embention specialises in the design of autopilot software and components for industrial drones (deliveries, agriculture or firefighting), and for electric vertical take-off and landing (eVTOL) solutions, a market macro-trend that aims to revolutionise mobility in cities.
As part of its development roadmap, the firm’s drone solutions will take full advantage the lower latency, greater reliability, and efficiencies associated with advanced cellular technologies including 5G.
The investment highlights Axon’s role as both an investor and advisor in future innovative technologies within the ICT space. It aligns with our goal of leveraging the skillsets associated with the investment and advisory sides of Axon for the benefit of our partners, clients and our own business.
The partnership with Embention follows a similar major investment by Axon last year in Libelium, a global leader in smart city and IoT technology and solutions.