Project Summary
Xplorate is seeking to close out its Series B2 equity raise of US $15m and seeks investor to join DiamondStream Partners and supported by one the world’s top 5 Energy Company’s VC division and US based Family Investment Fund. This investment will allow Xplorate to continue its growth both in terms of product offering and geographical footprint.
Project Description
Xplorate is a Remotely Piloted Aircraft Systems (RPAS) and Data Intelligence start-up offering critical services to key industries including Beyond Visual Line of Sight (BVLOS) linear infrastructure inspections, asset inspections, environmental surveys, emissions detection, quantification and monitoring, and search and rescue.
Xplorate delivers aerial intelligence from a spectrum of RPA services beyond visual line of sight. This bridges the gap between traditional aviation operations and modern data gathering. Xplorate provides a higher level of actionable insights to our clients.
Xplorate’s initial success was to win the contract for 500km of Right of Way pipeline inspection in Queensland for one of the largest global Energy companies. On the back of this relationship during 2023, Xplorate undertook the largest OGMP 2.0 methane quantification program covering multiple onshore and offshore assets across three major Energy companies. The success of these projects has led to repeat activities plus additional work packages utilising alternative sensors to capture 3D digital twins, undertake onshore and offshore surveillance operations, conduct vegetation mapping for a major global carbon capture project be invited to submit solutions for further ROW pipeline inspection work.
Xplorate have recently been awarded a project in Indonesia and will launch operations in the Middle East in 2024.
Investment Opportunity Details
Xplorate are current undertaking a Series B2 funding round seek to raise US $15m of capital. More than 75% of this is committed, led by our senior investor, DiamondStream Partners and supported by one the world’s top 5 Energy Company’s VC division and US based Family Investment Fund. We are looking for additional investor to join and close out this funding round, and those who would be interest in a further series C round to be launched later in 2024 which will support the next phase of growth.
Investor information
Financial information
Investment sought: $4 million - $10 million
Document(s) / Video(s):
Project information
Project highlights:
Xplorate are current undertaking a Series B2 funding round seek to raise US $15m of capital. More than 75% of this is committed, led by our senior investor, DiamondStream Partners and supported by one the world’s top 5 Energy Company’s VC division and US based Family Investment Fund. We are looking for additional investor to join and close out this funding round, and those who would be interest in a further series C round to be launched later in 2024 which will support the next phase of growth.
Project timeline:
Expected end date:
01 January, 2030
Funding round finish date:
31 March, 2024
More Project details will be updated soon.
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