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Home REAL ESTATE

Swedish startup files for bankruptcy and announces sale of its drone technology assets

Arctic Startupby Arctic Startup
May 23, 2024
Reading Time: 5 mins read
in REAL ESTATE, SCANDINAVIA&BALTICS, VENTURE CAPITAL
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Aerit, a Stockholm-based pioneer in drone technology for last-mile deliveries, has filed for bankruptcy due to funding challenges amidst a difficult economic climate. Known for its advanced proprietary drone hardware and software, Aerit aimed to revolutionize delivery services by offering efficient and eco-friendly solutions. With bankruptcy proceedings underway, the company’s assets, including its innovative drone technology and intellectual property, will be auctioned off. This sale presents an opportunity for potential buyers to continue developing Aerit’s cutting-edge logistics solutions without inheriting its liabilities, while the company’s talented development team remains intact for now. Nils Åberg, Advokatfirman Carler, has been appointed administrator.

Aerit was founded in 2021 with the mission to transform the logistics industry using cutting-edge ai-powered autonomous robotic technology. The company has been recognized for its innovation and commitment to creating sustainable and efficient logistics solutions.

The company, which has developed innovative proprietary drone delivery hardware and software, has been unable to secure the necessary funding to continue its operations. Despite significant advancements, the current economic challenges have led to this difficult decision. Aerit has been at the forefront of leveraging drone technology to revolutionize delivery services, offering quick, efficient, and eco-friendly solutions.

As part of the bankruptcy proceedings, the assets of Aerit, including its proprietary drone technology (both software and hardware), and related intellectual property, will be offered for sale. The talented development team is still employed by the company and intact for the time being.

Interested parties will have an opportunity to acquire these assets and continue the development and deployment of drone logistics solutions, without having to take over any liabilities from the bankrupt company.

“We are immensely proud of the impact we have had on the Swedish ecosystem and the drone industry as a whole. Our world-class, trailblazing team moved mountains in the most challenging conditions. We continue to have high hopes for a more equitable, sustainable, and accessible future, but Aerit, at least in its most recent form, will not be a part of it.,” said Alexander Perrien CEO and Founder of Aerit “We believe that under new ownership, the technology and vision we have developed can continue to thrive and make a significant impact on the future of logistics.”

Details regarding the sale process and how to express an interest in acquiring the company’s assets will be provided in the coming days.

Aerit wishes to thank its customers, employees, and partners for their unwavering support and dedication throughout its journey.

Click here to read more community news.

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Read the orginal article: https://arcticstartup.com/aerit-filed-bankruptcy/

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