We assisted Activate Capital in relation to its investment in Aerones, a provider of robotic inspection, maintenance and AI-driven solutions for wind turbines based in Riga, Latvia.
About the case
Aerones has just raised 62 million USD in an investment round led by Activate Capital and S2G Investments, with participation from Carbon Equity and Overlap Holdings, as well as existing investors Lightrock, Blume Equity, Metaplanet, Change Ventures and Extantia. The funds raised will be used for the company’s market expansion, research and development in artificial intelligence and robotics, and expansion of manufacturing and service in the wind energy industry.
Our team and involvement
A Sorainen team, led by managing partner Eva Berlaus and senior associate Zanda Frišfelde, assisted Activate Capital with legal due diligence on Aerones. Other team members involved were senior associates Santa Prauliņa and Māris Simulis and associate Alise Igale.
