Aurrigo foundations for growth with encouraging post-IPO results
Summary
Aurrigo saw revenues reach £5.3m for the year ending 31st December and has immediately set out ambitious expansion plans to maximise new contracts in its automotive division and an exciting multi-year partnering agreement with Changi Airport Group (CAG) in Singapore. The company, which was founded by brothers David and Graham Keene thirty years ago, successfully raised £8m in the IPO last September and will be using the financial backing to roll out its industry-leading transport technology in the UK, Europe, North America, and Asia. David Keene, CEO of Aurrigo, commented: “We delivered an exciting year of progress in 2022 with the IPO, fundraising and partnership agreement with Changi Airport Group laying the foundations for future growth. Aurrigo’s autonomous technology offers solutions in both areas with the two vehicles designed to reduce baggage and cargo loading and unloading times, improve movement efficiencies around the airport and boost health and safety by eliminating a lot of the manual operations. “Over 125 years on from when the first British motorcar was built in Coventry, Aurrigo International plc is in a perfect position to put the city on the global map again, this time when it comes to autonomous vehicles and their increasingly varied application.”