After closing its Series B round, Sulzer Schmid enters next stage of growth

More than 10’000 wind turbines in more than 25 countries worldwide have already been inspected with Sulzer Schmid’s pioneering drone technology. An oversubscribed Series B round led by Swisscanto Invest drives Sulzer Schmid’s transition from a tech start-up to a major enterprise.

Sulzer Schmid, a Swiss company pioneering UAV technology for wind rotor blade inspections, achieved significant growth in 2020, with the addition of six new countries to its portfolio. It carried out its largest ever inspection campaign covering 1,500 wind turbines for Vestas NCE. Further contracts have been signed this year to serve customers in more than 25 countries on four continents. This important funding increase will support the company through its next stage of growth – from technology start-up to major international enterprise.

The Series B round, led by Swisscanto Invest by Zürcher Kantonalbank, was oversubscribed. Investment partners include Infratech Growth partners (Australia) as well as existing shareholders, a Swiss private investment Holding, advised by Schwartzkopff Partners AG and other prominent high net worth individuals.

The capital raised will be used to expand the team, with a focus on sales and continued investment in our platform technology to provide software as a service. It will also open opportunities to target offshore wind markets and as well as additional segments.

Swisscanto Invest by Zürcher Kantonalbank has a long experience of sustainable investments and is committed to reducing CO2 in all its active investment funds. “Sulzer Schmid’s business makes an important contribution to the reduction of CO2. Its cutting-edge technology is transforming the inspection of wind turbines. By automating the blade inspection process and reducing inspection downtime, they enable increased energy production. Their digitalization and smart robotics contribute to making wind as an energy source more cost efficient.”, said Nils Granath from the bank’s Private Equity Team. Granath has joined the board of Sulzer Schmid.

(Press release / SK)Picture: Sulzer Schmid