Embraer has signed an investment agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America with operations in São Carlos, in the countryside of Brazil’s São Paulo.
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 deal aims to accelerate the future of the medium and large autonomous drone market and jointly explore new market opportunities.
Innovation and partnerships
“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 Daniel Moczydlower, head of innovation at Embraer and president and CEO of Embraer-X.
“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.”
XMobots has helped make drones a daily reality for the precision agriculture and geotechnology markets in Brazil and Latin America.
Benefits of the deal
“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 Giovani Amianti, founder and CEO of XMobots.
“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, defence and public security, logistics and urban mobility markets that are points of convergence between XMobots and Embraer.”
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