Embraer to acquire minority share in XMobots
Embraer is acquiring a minority shareholding in Latin America’s largest drone company, XMobots.
The transaction will be made via an investment fund in which Embraer is the sole partner. The conclusion of the deal is subject to conditions and the usual approvals, said the Brazilian OEM.
“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, Embraer-X. “Initiatives like this are fundamental to leverage ecosystems, expand knowledge and recognise entrepreneurs who generate businesses with exponential growth potential and high-value creation for society.”
XMobots specialises in building drones for the precision agriculture and geo-technology markets in Brazil and Latin America.
Giovani Amianti, Founder and CEO of XMobots said: “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.”
The investment will enable collaboration in the development of technologies in autonomous aerial robots, according to Amianti. “[It will] accelerate solutions for the geo-technology, agro, environmental, inspection, defence and public security, logistics and urban mobility markets that are points of convergence between XMobots and Embraer.”
Once the transaction is complete, the companies aim to work together to create memorandums of understanding related to operations.