Embention announces a share capital increase

Embention, a leading company with over 15 years of experience in manufacturing high-performance components and systems for UAVs and UAM, announced a capital increase on Thursday, June 30, 2022, following approval by the extraordinary and universal general shareholders’ meeting on June 24.

The capital increase will provide funding for the company, enabling Embention to develop and consolidate its strategic plan, expand its capacity to create new products, and boost its production capacity.

The autonomous vehicle industry is booming, with an increasing number of companies investing in these technologies. The sector’s incredible annual growth suggests that we will see more and more drones filling our skies, bringing applications such as delivery, logistics, air taxis, and emergency response, among others.

Embention has the capability to design and develop its products in-house at its facilities in Spain. It also features electronic and mechanical component manufacturing areas, an aircraft integration workshop, and a private airfield. Furthermore, its testing and production facilities include state-of-the-art equipment, such as a climate chamber, a vibration table, a calibration table, and assembly stations, among others.

Embention develops two main product lines, which include high-reliability drone components and ready-to-fly autonomous vehicles for professional use.

Additionally, the drone company collaborates with several partners to provide complete drone solutions, including transponders, video transmitters, altimeters, and other UAV components.

This expansion represents another leap forward in Embention’s growth over recent years, evidenced by its listing on Euronext Access (Now in Euronext Growth – ALUAV) on April 29 and becoming part of the advisory committee of the State Aviation Safety Agency (AESA).

The capital increase will position Embention to maintain its leadership in the UAV/UAM sector and enable drones to populate our skies.