Capitalia receives award for the most environmentally friendly investment
Capitalia received the award for the most environmentally friendly investment of 2021 in Latvia. The recognition was awarded for the investment in Aerones - a fast-growing startup based in Latvia that manufactures drones for wind turbine maintenance. Capitalia invested in the company through its unique co-investment fund that invests in fast growing Baltic companies along with the leading regional venture capital investors. The annual award ceremony was organized by Latvian Private Equity and Venture Capital association in association with Latvian Business Angel network
Founded in 2015 Aerones with their proprietary drone equipment performs turbine maintenance work for international wind park operators providing significant cost savings to their clients. Capitalia invested EUR 300,000 in the company as well as provided a business loan facility. The company is also backed by Change Ventures and YCombinator.