AirForestry
Financials
Estimates*
EUR | 2020 | 2021 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | 22 % |
EBITDA | - | (<1m) |
% EBITDA margin | - | (317 %) |
Profit | (<1m) | (<1m) |
% profit margin | (131 %) | (245 %) |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | SEK9.6m | Grant | |
* | SEK30.0m | Convertible | |
Total Funding | $4.8m |
Related Content
Recent News about AirForestry
EditAirForestry is a Swedish startup that is revolutionizing the forestry industry by introducing a new method of thinning forests from the air. The company uses innovative, electrically powered drones to selectively cut trees without damaging the surrounding environment. This method not only reduces carbon emissions from traditional forestry work, but also enhances the forest's ability to absorb carbon, contributing to a more sustainable society economically, environmentally, and socially.
AirForestry's drones are designed to reach the trees that need to be thinned easily. Once in place, the drone quickly trims the tree, allowing branches and needles to fall back to the ground, providing nutrients for continued growth. The drone then lifts the trunk and transports it to the nearest road. This process is controlled from a stationary operator station set up at each thinning area, improving the working environment for operators through better ergonomics.
The company's business model is based on providing a more efficient and eco-friendly alternative to traditional forestry methods, which often involve heavy ground machinery that can damage the environment and biodiversity. By using about half the energy per tree compared to traditional methods, AirForestry is not only promoting biodiversity but also reducing direct emissions.
AirForestry operates in the forestry market, serving clients who are interested in sustainable forestry practices. The company makes money by offering its innovative drone thinning services to these clients.
Keywords: AirForestry, forestry, sustainable, drones, thinning, carbon absorption, eco-friendly, biodiversity, reduced emissions, innovative technology.