Brazilian airframe maker,Embraer has signed an agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America. The transaction will be made via an investment fund in which Embraer is the sole partner, with an additional investment option in the future. The conclusion is subject to accomplishment conditions and obtaining the usual approvals for this type of transaction.
The deal aims to accelerate the future of the medium and large autonomous drone market and jointly explore new market niches. It also seeks to expand the collaboration network in the research of new technologies that have synergies within the areas of technological development, Embraer’s business, and innovation, as well as Embraer-X, said Embraer in a statement.
“Our investment strategy and venture capital operations have a strong emphasis on innovation and partnerships, which are pillars of our growth plan for the coming years,” said Head of Innovation at Embraer, Daniel Moczydlower. “Initiatives like this are fundamental to leverage ecosystems, expand knowledge and recognize entrepreneurs who generate businesses with exponential growth potential and high-value creation for society.” Moczydlower is also President and CEO of Embraer-X
With an engaged and creative team, XMobots was born with the mission to develop the mobile robot market and helped make drones a daily reality for the Precision Agriculture and Geotechnology markets in Brazil and Latin America.
“This engagement results in innovations such as service provider platforms with drones, hybrid propulsion and power technologies, artificial intelligence of image analysis, and especially in aeronautical certifications,” said Founder and CEO of XMobots, Giovani Amianti. “With this investment, we will be able to walk together in the development of technologies that will consolidate autonomous aerial robots and accelerate solutions for the Geotechnology, Agro, Environmental, Inspection, Defense and Public Security, Logistics and Urban Mobility markets that are points of convergence between XMobots and Embraer.”
Once the transaction is complete, the companies aim to work together to create memorandums of understanding related to operations in the civilian and defence and security markets. –shp/erj/aaa (Image: Embraer)