Driverless vehicle maker Aurrigo heads for London’s AIM
DRIVERLESS vehicle maker Aurrigo is set to list on the London Aim this week.
The Coventry-based company said it plans to raise up to £10m in its float, valuing the company at £30m. Aurrigo will float about 40 per cent of the company on the Aim.
The company is a specialist in autonomous and semiautonomous technology solutions for the aviation, ground handling and cargo industries; it has been testing its vehicles at Heathrow airport.
David Keene, co-founder and managing director, said aviation could be “a super-growth area” for the company, citing lack of staff as a main issue for airports and therefore an opportunity for his own firm.
The Aurrigo created self-driving pods are also used in shopping centres and university campuses.
Operations are predominantly in the UK, but also in Singapore, the US, Canada and Australia.
Keene founded Aurrigo, formerly known as RDM, with his brother 30 years ago.