"Aerial inspection is becoming table-stakes in the fast-growing renewables markets, and DroneBase is the only company able to serve both wind and solar globally with the largest drone and manned aircraft network in the world," said Craig Lawrence, partner at Energy Transition Ventures, who formerly held solar executive roles at SunEdison and SolarBridge. “We are thrilled to be partnered with this team and join a great group of investors."
DroneBase focuses on providing fast, affordable, and reliable data from the air for its growing list of Fortune 500 customers. The aerial data management platform leverages an extensive network of over 80,000 drone pilots in more than 70 countries to help customers manage their worksites, properties, and assets at scale. Enterprises across the renewable energy, insurance, construction, and real estate industries utilize DroneBase’s award-winning software platform to leverage remote data collection and analysis, enhance decision-making, and effectively manage its assets across their entire lifecycle. The company has grown a strong customer base with Tier 1 customers in the construction and real estate markets before entering renewables.
"Our expansion into renewables announced in 2020 has exceeded our expectations, even with a pandemic going on," said Dan Burton, founder and CEO of DroneBase. "The industry is global, and customers expect a one-stop-shop that can operate on multiple continents. We're growing Dronebase in renewables to further service our international customers, and we are grateful to Energy Transition Ventures and our other investors in their support of our vision.”
Prior to the funding round, DroneBase completed the acquisition of Precision XYZ, and welcomed founder Mark Culpepper, a former SunEdison executive, to head its solar division. The addition of PrecisionXYZ data services expands Dronebase’s operations through its highly specialized data analytics services by increasing the productivity and cost-effectiveness of solar power projects.
