Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
© thomaspajot dreamstime.com
Electronics Production |

CybAero has gained a major shareholder

Swedish unmanned helicopter company CybAero has gained a new shareholder. Subversive Capital, a US fund, has acquired the remainder of California-based AeroVironment's CybAero holding.

"We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult. "We also remain committed to our partnership with AeroVironment. " Subversive Capital's General Partner, Michael Auerbach, said, "CybAero's product line APID ONE is a game-changing remote-piloted aircraft that fills a vacuum for commercially viable systems. We see this technology as a major disruptor to industries such as agriculture, pollution control, and maritime security monitoring, as well as a delivery system for humanitarian aid." Subversive Capital invests primarily in industries that require navigating complex political environments and regulatory regimes.

Ad
Ad
Load more news
March 28 2024 10:16 am V22.4.20-2
Ad
Ad