Aurrigo completes £5.25m share placing
Aurrigo raised £5.25 million through a public share placing to expand its airport-automation programme.
Evidence notes
- The proceeds were allocated to Auto-DollyTug production, engineering and software headcount, vehicle-deployment capability and working capital.
- The shareholder circular set an illustrative capacity scenario of 22 Auto-DollyTugs and six live Auto-Sim contracts by the end of 2025, explicitly conditional on commercial contracts.
- The placing was priced at 44 pence per new ordinary share and settled in tranches spanning December 2024 and January 2025.
Company context
Aurrigo designs autonomous vehicles, fleet software and simulation tools for airport ground operations. Its Auto-DollyTug, Auto-Cargo and Auto-Shuttle platforms support baggage movement, cargo transport, security patrols and airside inspection.