Aurrigo has registered strong growth in its autonomous division in its interim results for the first six months of 2024.
Aurrigo International, listed on the Alternative Investment Market (AIM) in 2022, has seen total revenue rise to a £3.9m (US$5.2m) – up by 26% – which is in line with the expectations of the board.
The Auto-Sim digital twin product and the deployment of the company’s electric Auto-DollyTug at five global airports contributed to this growth – £800,000 (US$1.1m) in revenue was generated in the first half of the financial year by the autonomous solutions division, a 160% rise, with the board predicting that revenue from this division will hit £3m (US$4.01m) by the end of the year. A good product mix and an uptick in orders from long-term customers have played a part in double-digit growth for the automotive business.
Professor David Keene, CEO of Aurrigo International plc, commented “The growth in our autonomous division reflects the steady scale-up of our smart airside solutions in key airport hubs around the world, which is driving increased interest across our target aviation market and a growing pipeline.”
Enhancements to the Auto-DollyTug autonomous solution has been one of the key highlights of 2024 for Aurrigo. The integration of robotic arms on the vehicle’s body, enabling it to autonomously load and unload a ULD, has been another.
The success of Auto-DollyTug airside has driven customer interest and led to the signing of three partnership deals. These, alongside five direct airport engagements, eight Auto-Sim contracts and one cargo handler agreement, provide a network of over 460 airports, Aurrigo says.
The company has also invested in scaling up its UK team at its Advanced Engineering Centre in Coventry, bolstering its operation in Singapore and opening a new office in the USA at Cincinnati/Northern Kentucky International Airport