Aerit files for bankruptcy

Aerit, a drone delivery start-up based in Stockholm and part of KTH Innovation, has filed for bankruptcy amid financial struggles and an inability to secure the necessary funding to continue its operations.

Nils Åberg, Advokatfirman Carler, has been appointed administrator.

The company has developed proprietary drone delivery hardware and software for last mile deliveries, including food, parcels, medicines, and other goods.

“Despite significant advancements, the current economic challenges have led to this difficult decision. Aerit has been at the forefront of leveraging drone technology to revolutionize delivery services, offering quick, efficient, and eco-friendly solutions,” the company said.

As part of the bankruptcy proceedings, the assets of Aerit, including its proprietary drone technology (both software and hardware), and related intellectual property, will be offered for sale.

Interested parties will have an opportunity to acquire these assets and continue the development and deployment of drone logistics solutions, without having to take over any liabilities from the bankrupt company.

“We are immensely proud of the impact we have had on the Swedish ecosystem and the drone industry as a whole. Our world-class, trailblazing team moved mountains in the most challenging conditions. We continue to have high hopes for a more equitable, sustainable, and accessible future, but Aerit, at least in its most recent form, will not be a part of it,” said Alexander Perrien CEO and Founder of Aerit.

“We believe that under new ownership, the technology and vision we have developed can continue to thrive and make a significant impact on the future of logistics.”

The development team remains employed by the company for the time being.

Details regarding the sale process and how to express an interest in acquiring the company’s assets will be provided in the coming days. 

As WorldCargo News reported earlier, in 2021 Aerit completed Sweden’s first commercial beyond visual line of sight (BVLOS) food delivery in collaboration with Region Halland using its autonomous drone, the Nimbi. Several drone delivery trials and pilots were conducted in the Swedish archipelagos in the subsequent period.