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Aurrigo International PLC ( (GB:AURR) ) has provided an update.
Aurrigo International PLC has announced a fundraise initiative to secure a minimum of £5 million through a placing with institutional investors and an additional £0.3 million via a retail offer. The funds are intended to boost production capacity, expedite the commercial sales timeline, and support the growth of its engineering and deployment teams, allowing Aurrigo to leverage its expanding pipeline and market opportunities in autonomous vehicle solutions. This strategic move underscores Aurrigo’s commitment to accelerating its vehicle builds and expanding its footprint in the aviation industry, providing confidence in its future growth trajectory.
More about Aurrigo International PLC
Aurrigo International PLC is a leading provider of transport technology solutions, primarily focused on the autonomous vehicle sector. The company is capitalizing on the growing demand for airside autonomous vehicle solutions, including its Auto-DollyTug vehicles and Auto-Sim® technology, which are gaining traction in airports worldwide.
YTD Price Performance: -47.22%
Average Trading Volume: 6,660
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on AURR stock on TipRanks’ Stock Analysis page.
