Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Robotics firm raises $60 million to scale up wind turbine repairs
    Headlines

    Robotics Firm Raises $60 Million to Scale up Wind Turbine Repairs

    Published by Global Banking & Finance Review®

    Posted on June 3, 2025

    2 min read

    Last updated: January 23, 2026

    Add as preferred source on Google
    A large crowd of protesters in London rallies against the ban of Palestine Action, holding flags and placards. This image captures the tension during the protest where over 466 individuals were arrested by police, highlighting the ongoing conflict surrounding Palestine Action and its implications.
    Protesters gather in London against the ban of Palestine Action - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationsustainabilitytechnologyrenewable energyinvestment

    Quick Summary

    Aerones secures $62M to expand its robotics solutions for wind turbine maintenance, reducing downtime and costs globally.

    Aerones Secures $62 Million to Enhance Wind Turbine Maintenance with Robotics

    By Virginia Furness

    LONDON (Reuters) -Latvian tech company Aerones, which counts GE and Enel among its customers, has raised $62 million to fund a global roll out of robots and other AI-enabled solutions to protect and maintain thousands of wind turbines in over 30 countries, its CEO told Reuters.

    Wind power accounts for almost 10% of the world's energy generation and is growing rapidly but the majority of turbines are still maintained by hand, causing days-long blackout periods which cost energy companies and turbine operators huge sums. 

    Aerones' robots can maintain and service vast wind-turbine blades in a minimum of half the time it takes for humans to do so, providing an efficient, safe and cost-effective solution for growth, its co-founder and CEO Dainis Kruze said. 

    "The industry is scaling really fast and maintenance is tough," he said. "The wind turbine downtime costs more than the labour itself and that bottleneck is driving up the cost of renewable energy."   

    "We don't wait until the blade is already on the ground but work out how to prevent that blade from falling to the ground," he said.

    The equity funding round was led by U.S. investors Activate Capital and S2G Investments. Aerones is also backed by a 4 million euro grant from the EU Innovation Fund and an additional 30 million euro funding round in 2023. 

    Aerones is scaling rapidly in United States so it was important to bring on U.S. partners this time, Kruze said. The firm last year opened an office in Dallas, Texas and is hiring and training local people.

    The company plans to return to the market to raise around $15 million to $20 million of venture debt later this year, Kruze said.  

    Since 2020, Aerones has enabled nearly 400,000 MWh of additional clean electricity and helped avoid 165,000 tonnes of carbon emissions, the company said in a statement. 

    (Reporting by Virginia Furness; editing by David Evans)

    Key Takeaways

    • •Aerones raised $62 million to expand its robotics solutions.
    • •The company aims to reduce wind turbine maintenance time.
    • •Aerones' technology is operational in over 30 countries.
    • •The funding round was led by U.S. investors.
    • •Aerones plans further fundraising for venture debt.

    Frequently Asked Questions about Robotics firm raises $60 million to scale up wind turbine repairs

    1What amount did Aerones raise for its robotics project?

    Aerones raised $62 million to fund a global rollout of robots and AI-enabled solutions for wind turbine maintenance.

    2How do Aerones' robots improve wind turbine maintenance?

    Aerones' robots can maintain and service wind-turbine blades in half the time it takes for humans, providing a more efficient and cost-effective solution.

    3What are the environmental benefits of Aerones' technology?

    Since 2020, Aerones has enabled nearly 400,000 MWh of additional clean electricity and helped avoid 165,000 tonnes of carbon emissions.

    4Who led the funding round for Aerones?

    The equity funding round was led by U.S. investors Activate Capital and S2G Investments, along with support from the EU Innovation Fund.

    5Why is maintenance of wind turbines critical?

    Maintenance is crucial because wind turbine downtime costs more than the labor itself, and addressing this bottleneck is essential for reducing the cost of renewable energy.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Ukrainian drones kill two in Russian border region of Belgorod, governor says
    Ukrainian Drones Kill Two in Russian Border Region of Belgorod, Governor Says
    Image for Iran wants Lebanon included in any ceasefire, sources say
    Iran Wants Lebanon Included in Any Ceasefire, Sources Say
    Image for Vance due to visit Hungary on April 7-8 ahead of key election, say sources
    Vance Due to Visit Hungary on April 7-8 Ahead of Key Election, Say Sources
    Image for Belgian police break up migrant smuggling network, four people arrested
    Belgian Police Break up Migrant Smuggling Network, Four People Arrested
    Image for Russia sought to blackmail US using intelligence to Iran, Zelenskiy says
    Russia Sought to Blackmail US Using Intelligence to Iran, Zelenskiy Says
    Image for Italy's tourism minister resigns, ending standoff with PM Meloni
    Italy's Tourism Minister Resigns, Ending Standoff With PM Meloni
    Image for In Lebanon, paramedics mourn their own killed in Israeli strike
    In Lebanon, Paramedics Mourn Their Own Killed in Israeli Strike
    Image for Italy tourism minister resigns, obeying PM Meloni
    Italy Tourism Minister Resigns, Obeying PM Meloni
    Image for Swiss prosecutors not involved with Paris probe at bank Edmond de Rothschild
    Swiss Prosecutors Not Involved With Paris Probe at Bank Edmond De Rothschild
    Image for Lost remains of French musketeer d'Artagnan may have been found in Dutch church
    Lost Remains of French Musketeer d'Artagnan May Have Been Found in Dutch Church
    Image for Doctors in England plan six-day strike after government pay offer rejected
    Doctors in England Plan Six-Day Strike After Government Pay Offer Rejected
    Image for Soccer-Man sentenced for racist abuse of England defender Carter
    Soccer-Man Sentenced for Racist Abuse of England Defender Carter
    View All Headlines Posts
    Previous Headlines PostOil Climbs 2% to 2-week High on Geopolitical Tensions
    Next Headlines PostPolice Find British Journalist Reported Missing in Brazil