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Bristol’s Perceptual Robotics sets eyes on expansion following largest investment so far

20 April 2023
The Business Magazine article image for: Bristol’s Perceptual Robotics sets eyes on expansion following largest investment so far

Perceptual Robotics, the high-tech wind turbine inspections company, has secured its largest investment to date from a consortium of investors.

The Bristol-based firm provides services and technology for autonomous wind turbine inspections utilising artificial intelligence and drones. The company will use the £2.7 million funding to plan its expansion into North America and Latin America, as well as double its team.

It is the latest step for the Bristol-based company, which earlier this year announced it had launched operations in Southeast Asia.

Kostas Karachalios, CEO of Perceptual Robotics, said: “We are thrilled to announce this latest round of funding. Not only will the new investment help us grow worldwide, it will also enhance our product offering and further develop and expand our existing products.

“Perceptual Robotics has a proud history in inspecting and processing data from wind turbines and blades onshore with trusted partners across Europe and the UK. With this latest investment, we look forward to continuing our vital work into offshore inspections and advanced analytics, guaranteeing our customers have everything they need to ensure their assets are delivering time and again.”

Read more - Perceptual Robotics expands into Asia through partnership with the K2 Energy Group

The company’s previous investment rounds have helped it commercialise its products, including the deployment of its DOT drone, its popular self-service offering, which customers pilot themselves to perform inspections.

Investors in this round, led by OnePlanetCapital, include L-Stone Capital together with a renewed investment by existing investors; Brookstreet, Deeptech Labs, TSP Ventures and Metavallon VC. As well as benefiting financially, Perceptual Robotics will gain valuable support from OnePlanetCapital’s experience in sustainability, energy, operations and maintenance.

Anthony Chant, Investment Director at OnePlanetCapital, the climate change-focused early-stage venture capital fund, said: “We are delighted to be supporting Perceptual Robotics with their continued growth into new geographies and products.

“An investment by OnePlanetCapital means so much more than just receiving funding. We look forward to providing Perceptual Robotics with the support and counsel they may need in order to continue to turn their dreams into a success.”

Read more - Bristol’s Perceptual Robotics secures first close of funding round

Sam is the Regional Editor of Biz News. Currently responsible for Hampshire, he will soon take over Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.

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