Flybotix receives a Tech Growth Loan for its indoor inspection dronesWednesday 16 June 2021
EPFL start-up Flybotix has received a Tech Growth Loan in the amount of CHF 400’000 for its drone based on a proprietary propulsion and steering technology that brings disruptive changes to the market of indoor industrial inspection drones.
Drones are more and more widely used to inspect hard-to-reach and dangerous areas, but many of them are either inaccessible to most drones due to their very limited flight time or necessitate lengthy inspections. Flybotix’s novel drone doubles the flight-time compared to competition and is quieter than a lawn mower.
To improve working conditions, reduce shut-down costs and enable the inspection of narrow areas (long tunnels or high chimneys), the EPFL start-up developed its own patented propulsion and steering drone technology.
With a diameter of 390 mm and a weight of 1kg, the dual rotor drone “ASIO” doubles the flight-time compared to the competition, while producing half the noise: a product that combines the flight time of helicopters with the simplicity and reliability of drones. ASIO enables to save up to 40% of the shut-down costs.
With their second round of financing in the amount of CHF 1.5 million in 2020, Flybotix raised the necessary funds to finance the development of the product.
Founded in 2019 and based at the EPFL Innovation Park in Lausanne (canton of Vaud), the start-up has gained the support of ESA BIC Switzerland, InnoSuisse and Venture Kick, and entered the Top 100 Swiss Startups. The Tech Growth Loan of CHF 400’000 from FIT completes a fundraising round of CHF 1 million that Flybotix closed in March 2021.
With these new funds, Flybotix wants to boost its presence on the market, build a distribution network, and keep working towards the industrialization of its product and the growth of the company.