Aerones Raises $62 Million to Revolutionize Wind Turbine Maintenance with AI
Deal News | Jun 03, 2025 | Lightrock

Latvian technology company Aerones, with major clients including GE and Enel, has secured $62 million in funding to expand its AI-enabled robotics solutions for wind turbine maintenance across more than 30 countries. The funding, led by U.S. investors Activate Capital and S2G Investments, underscores Aerones' expansion into the U.S. market, as it establishes a new Dallas office and hires locally. With the wind energy sector rapidly growing, Aerones' innovative maintenance solution reduces wind turbine downtime by half, optimizing operational efficiency and cutting the high costs associated with prolonged outages. The company, having already enabled significant carbon emissions reduction and clean energy generation, plans an additional $15-$20 million venture debt raise by the end of the year to fortify its aggressive expansion plans.
Sectors
- Renewable Energy
- Technology and Robotics
- Venture Capital and Private Equity
Geography
- Latvia – Aerones is a Latvian company leading innovations in wind turbine maintenance.
- United States – The company's expansion into the U.S. market and partnerships with U.S. investors make this geography significant.
- Europe – Backed by the EU Innovation Fund, Aerones is part of the larger European renewable energy and technology landscape.
Industry
- Renewable Energy – Aerones specializes in robotics solutions for maintaining wind turbines, a crucial component of the renewable energy sector.
- Technology and Robotics – The part of Aerones utilizing AI-enabled robots for service and maintenance signifies its foothold in technology and robotics.
- Venture Capital and Private Equity – The funding round led by U.S. investors and potential further venture debt highlight the involvement of venture capital and private equity sectors.
Financials
- $62 million – The amount raised by Aerones in its latest funding round for global expansion.
- 4 million euros – Grant from the EU Innovation Fund supporting Aerones.
- 30 million euros – Previous funding round secured by Aerones in 2023.
- $15-$20 million – Planned venture debt raise by Aerones later this year.
Participants
Name | Role | Type | Description |
---|---|---|---|
Aerones | Target Company | Company | A Latvian tech company specializing in AI-enabled robotics for wind turbine maintenance. |
Activate Capital | Investor | Company | A U.S. investment firm leading the latest funding round for Aerones. |
S2G Investments | Investor | Company | Another U.S. investment firm participating alongside Activate Capital in funding Aerones. |
EU Innovation Fund | Funder | Government | Provides grant funding support to Aerones from the European Union. |
Dainis Kruze | Co-founder and CEO | Person | The CEO of Aerones, leading the expansion and funding strategy. |