Scout Aerial Group has announced securing a second, seven-digit financing round led by a group of private investors. This is the second funding round, after only thirteen months since the previous round, due to the group exceeding their forecasted targets. The funding partners believe that Africa will continue to show growth across the portfolio and this funding round includes participation from new investors.
This new funding will help the group move faster on its exploration innovation efforts and expand its strategy to cover enterprise training solutions for the government sector drone technology in the African Region.
“We are witnessing unprecedented demand for innovative exploration solutions in the mining and energy sectors, and are leading the way for geophysical surveys across Africa,” says Patrick Weeden, Managing Director of the Scout Aerial Group.
“This funding round will help us to broaden our reach into Tanzania, Mali, Zambia and Mozambique and we are excited for what this means for economic development for the region as a whole”.
“I strongly believe that working with the government to harness the benefits of new technology is essential for the mining sector and it all starts with the data and cadastral systems that host it,” he added.
Founded in 2011, the Scout Aerial Group specialises in remote sensing operations with a strong focus on innovative data solutions for mining and infrastructure. Having developed innovative exploration capabilities, Scout Aerial has a seen vast uptake of their technology in Africa. The utilisation of drones means that the company is able to provide extremely high-resolution magnetic surveys in a fraction of the time, as compared to traditional methods and they plan to open a training Academy that can service most of the African region. Strongly supported by an innovative team in Australia, the African company is forging ahead as a market leader in drone technology.
SCOUT AERIAL AFRICA plans to grow the team and open new strategic offices in the region as well as announce new partnerships set to take off in the third quarter of 2021.
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