Infravision, a Sydney, Australia and Austin, TX-based company accelerating power grid modernization with drone-enabled power line upgrades, raised $23M in Series A funding.
The round was led by Energy Impact Partners (EIP), with participation from energy and utility players including Equinor Ventures and Edison International (EIX).
The company intends to use the funds to accelerate the expansion of its proprietary field robotics powerline stringing system and intelligent grid monitoring solutions to utilities and contractors in North America and globally, invest in current and prospective employees and scale operations in North America.
Founded in 2018 and led by Cameron Van Der Berg and Chris Cox, Infravision is driven to build technology that reduces risk and increases efficiency in the global transition to renewable energy resources. Its products accelerate grid modernization with drone enabled line upgrades for utility partners globally. Its TX system offers the functions of a helicopter in a complete ground and aerial robotics system that reduces risk and environmental impact as well as new benefits to the industry including project schedule compression and rapid emergency response deployment in severe weather conditions.
The company has operational presence and facilities in Austin, Texas and San Francisco, California, as well as New South Wales and Queensland in Australia. Infravision currently serves some of the largest electric utilities in North America and Australia including Pacific Gas and Electric Company (PG&E), which was North America’s first utility to leverage the TX System. It was used to conduct energized power line stringing over urban areas north of San Francisco and reactively during the 2023 storm season, more quickly than traditional means.
FinSMEs
27/09/2023