Perceptual Robotics secures £1.6m investment

News

A robotics company that believes it can cut the cost of maintaining wind turbines has secured £1.6m in its latest funding round.

Perceptual Robotics uses autonomous drones to map turbines before passing the images onto a cloud-based artificial intelligence system which processes them to detect damage.

The company’s founders believe their technology is two thirds cheaper than existing methods of detection and can reduce the total cost of wind turbine blade maintenance by up to 30 per cent.

Kostas Karachalios, CEO of Perceptual Robotics, said the funding will allow the company to hire staff, mature its technology and drive the scale of sales and marketing activities following successful programmes across Europe.

MORE FROM ENERGY & ENVIRONMENT

“Perceptual Robotics started with a simple aim: to use the very latest technology to reduce the costs associated with green energy,” he said in a statement. “We hope that with this money we will attract exceptional people to join our offices in Bristol and Athens.”

The global wind energy market could be worth $127.2billion (£92billion) by 2027, more than double its value in 2019, according to a recent industry forecast.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox

Register
Or continue by

Signing in with your registered email address