Airobotics planning to raise $50 million at $240 million valuation in TASE IPO
The drone manufacturer has raised $132 million to date and is in the midst of building a center in Dubai
Meir Orbach | 18:04 25.01.2021
Israeli UAV company Airobotics Ltd. is eyeing an IPO on the Tel Aviv Stock Exchange, with the goal of raising $50 million at a $240 million valuation. Airobotics co-founder and CEO Ran Krauss confirmed the IPO but refused to address the figures, saying “we want to go public and are hard at work on preparing a prospectus.” It is estimated that the IPO will take place in May. In the past, the company specialized in developing unmanned aircraft and selling them to industry players, but it has shifted to offering mapping and data services, producing the drones for infrastructure and city mapping services, and selling the data to various stakeholders.