Flylogix secures £6m from Amati Global Investors and BP to fund international expansion
Amati Global Investors led the round with participation from BP.
Flylogix operates long-range unmanned aerial vehicles to measure and monitor methane emissions for the energy sector.
Flylogix has secured £6m in a financing round led by Amati Global Investors, with additional participation from energy major BP. The company applies specialist drone technology to measure methane emissions in offshore environments, helping operators reduce environmental impact and operational costs. The fresh capital will enable the business to scale its operations into international markets including the US, Norway, and Trinidad and Tobago, alongside expanding into renewable energy applications such as wind turbine inspections.
From the founder
"This latest investment will help Flylogix bring our proven UAV technology to new regions and develop applications to realise the potential of unmanned aerial vehicles. It is a significant moment for the business. We see the endorsement from bp as a vote of confidence and are proud to build on our existing partnership, in pursuit of net-zero,"
Charles Tavner
CEO at Flylogix
Investor perspective
"We are investing in companies that can help us with our Net Zero ambition and aims. And Flylogix has been instrumental in how we undertake measurements of methane emissions in the North Sea. Accurate emissions measurements are the basis upon which mitigation plans are based – we look forward to continuing our partnership with Flylogix as it expands into new regions."
David Hayes
managing partner, BP
Use of funds
- 01Expand into international markets