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Home GREEN

Latvian company lands $62M amid growing demand for automated wind turbine services

Arctic Startupby Arctic Startup
June 3, 2025
Reading Time: 7 mins read
in GREEN, SCANDINAVIA&BALTICS
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Riga-based Aerones has secured $62 million in a financing round led by Activate Capital and S2G Investments, with participation from Carbon Equity and Overlap Holdings, and existing investors Lightrock, Blume Equity, Metaplanet, Change Ventures, and Extantia. This latest funding follows Aerones’ securing of a €4 million grant from the EU Innovation Fund in 2024 and a $30 million funding round in 2023. The company develops robotic and AI-driven solutions for inspecting and maintaining wind turbines, addressing challenges related to labor shortages and complex turbine operations in the wind industry. The funding will be used to support Aerones’ international expansion, increase research and development in AI and robotics, scale manufacturing of its robotic systems, and improve predictive maintenance capabilities for wind farm operators.

As the global wind industry accelerates towards doubling in size by 2030, it faces a shortage of skilled technicians and the challenge of maintaining ever-larger, more complex turbines. These pressures are driving urgent demand for efficient, scalable, and safe maintenance and inspection solutions. Aerones meets this need by combining advanced robotics with AI-powered software, reducing reliance on manual labour and delivering faster, more reliable operations for wind farm operators worldwide.

“Our mission is to automate wind turbine inspection and maintenance globally,” commented Dainis Kruze, Co-founder and CEO of Aerones. “The world cannot meet its renewable energy goals without innovation—and there simply aren’t enough qualified technicians to keep up with the growth of this industry. With this new investment, we’re expanding faster than ever to meet the urgent demand for intelligent, robot-enabled and AI-powered solutions.”

Following a record-breaking year in which Aerones nearly tripled its revenue and expanded operations, the company has solidified its position as the global leader in robotic wind turbine inspection and maintenance. With a new operational hub in Dallas, Texas, Aerones is expanding its reach in the U.S. and internationally, working with industry leaders such as GE Vernova, NextEra, Vestas, Enel, and Siemens Gamesa, and delivering the full spectrum of robotic inspection, maintenance, and data-driven diagnostics.

Aerones’ technology is delivering measurable progress in clean energy by optimising turbine performance, extending asset lifespans, and minimising downtime for wind farm operators globally. Since 2020, Aerones has enabled nearly 400,000 MWh of additional clean electricity and helped avoid 165,000 tonnes of CO₂ emissions, with the potential to prevent over 170 million tonnes in the next five years, while servicing over 10,000 turbines annually in more than 30 countries.

With this new $62 million investment, Aerones will significantly expand its operational capacity worldwide and accelerate research and development in AI-driven automation, robotics, and customer-facing software solutions. The company plans to scale up its robot manufacturing capabilities and invest in advanced predictive maintenance tools, leveraging data from thousands of robotic inspections. These initiatives will enable Aerones to further accelerate preventive maintenance in the wind industry, delivering safe, efficient, and scalable robotic solutions that set new standards for reliability and performance.

Paul Neal Jordan, Activate Capital: “Our investment in Aerones represents the continuation of a long-held thesis at Activate that successfully transitioning our energy systems to renewable power will require fundamentally new technologies and business models to manage the distributed infrastructure. In a world where energy costs are rising – and energy resilience and security more critical than ever – Aerones brings a unique set of robotic and AI capabilities to bear for wind, one of the fastest growing and cheapest forms of new energy generation globally. Aerones represents the future of intelligent, automated wind O&M, unlocking value for more than $1 trillion of installed wind assets globally, a figure that will double by 2030.”


Bala Nagarajan, S2G: “At S2G, we invest in solutions that unlock step-change improvements in productivity, safety and sustainability. Aerones is enhancing the resilience and performance of the wind industry with its robotics and AI-enabled platform and automating high-risk, labor-intensive tasks. In an industry facing growing labor shortages – particularly of experienced wind technicians – Aerones offers a scalable solution that equips wind operators with data and capabilities needed to shift from reactive to predictive and preventative maintenance strategies. We believe Aerones represents a critical advancement in the infrastructure supporting the energy transition and a clear example of innovation that scales both performance and impact.”


Veronica Barner, Wind Energy Product Executive, GE Vernova: “As a supplier, Aerones has provided us with various robotic solutions for wind turbine blade inspections and maintenance, and we’ve seen steady progress in both their technology and service delivery. Their technology is helping to address safety and services productivity in wind farms around the globe.”

Click to read more funding news.

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Read the orginal article: https://arcticstartup.com/aerones-raises-62-million/

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June 6, 2023

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