Embention is developing two main product lines that include highly reliable drone components and ready-to-fly autonomous vehicles for professional use following a capital increase.
This capital increase follows the approval of the General Meeting of Shareholders on June 24 and will enable the financing of the company, therefore allowing Embention to develop and consolidate the strategic plan, develop new products, and increase its production capacity.
Embention has said that the autonomous vehicle industry is booming and more companies are investing in these technologies. The annual growth in this sector predicts that we will see drones populating the skies, and with this, different drone applications such as delivery, logistics, air taxis, and emergency services, among others.
Embention has the capacity to design and develop its products internally from its facilities in Spain, with electronic and mechanical component manufacturing areas, an aircraft integration workshop, and a private airfield. These test and production facilities include state-of-the-art equipment such as a climatic chamber, a vibration table, a calibration table, assembly stations, and a production facility.
The company also collaborates with several partners to provide complete drone solutions, including transponders, video transmitters, altimeters, and other Unmanned Aerial Vehicle (UAV) components.
This expansion represents a further leap in the growth that Embention has had in recent years. The capital increase will help the company to continue developing innovative solutions for the UAV / Urban Air Mobility (UAM) sector.