Aveillant, whose 3D Holographic Radar prevents wind turbines from interfering with airport radar – has secured up to GBP 6.75 million in new funding.
The investment will enable Aveillant to manufacture, ship and install units of its Holographic Radar, bringing the company into full-scale commercial operation. Further demonstrations at Prestwick and Glasgow airports are expected in coming weeks, in addition to the long-term development system at Cambridge airport. The round was led by ESB Novusmodus created by Irish utility, ESB, and advised by Greencoat Capital. The round also includes also further funding from existing investors DFJ Esprit and Cambridge Consultants. The Aviation Investment Fund Company Limited (AIFCL), an organisation set up to provide financial support for programs outlined in DECC’s Aviation Plan, is converting its loans to Aveillant into equity in the company.
The investment will enable Aveillant to manufacture, ship and install units of its Holographic Radar, bringing the company into full-scale commercial operation. Further demonstrations at Prestwick and Glasgow airports are expected in coming weeks, in addition to the long-term development system at Cambridge airport. The round was led by ESB Novusmodus created by Irish utility, ESB, and advised by Greencoat Capital. The round also includes also further funding from existing investors DFJ Esprit and Cambridge Consultants. The Aviation Investment Fund Company Limited (AIFCL), an organisation set up to provide financial support for programs outlined in DECC’s Aviation Plan, is converting its loans to Aveillant into equity in the company.
