Aerial Vehicle Safety Solutions Inc.

Aerial Vehicle Safety Solutions Inc. specializes in advanced drone safety and delivery solutions, focusing on dual-use hardware and software systems for safe drone operations over populated areas. Aerial Vehicle Safety Solutions Inc. provides innovative drone safety solutions.

Founded in 2017 in Canada by Josh Ogden, the company has completed 2 deals, with its most recent funding round occurring on June 29, 2020. AVSS specializes in advanced drone safety and delivery solutions, emphasizing their dual-use hardware and software systems, notably drone parachute recovery systems and flight termination systems. These products facilitate compliant drone operations over populated areas, enhancing safety and regulatory adherence. Key features include guided and unguided delivery options that enable critical resupply to remote locations, addressing logistical challenges across various sectors.

AVSS collaborates with prominent drone manufacturers including DJI, Skydio, and Brinc, serving clients in emergency services, logistics, and environmental management throughout North America and Europe. The company's technology supports safe last-mile delivery, ensuring operators meet regulatory requirements while prioritizing public safety. AVSS generates revenue through direct sales of proprietary drone parachute recovery systems and delivery solutions, focusing on business-to-business transactions. The company partners with drone manufacturers and delivery service providers to integrate its systems into their offerings.

Transactions are primarily structured around product sales tailored to operational needs, such as its patented Parachute Recovery Systems for various drone models. The revenue model emphasizes engagement with commercial aviation and drone delivery companies that depend on AVSS's compliance with aviation standards to enhance safety and operational efficiency. Looking ahead, AVSS plans to design and launch new products aimed at improving drone safety and delivery capabilities. The company targets expansion into additional geographic markets, specifically in Asia and Australia, with a timeline set for 2023.

The recent venture funding raised on June 29, 2020, from Kamakura Investment will be utilized to support these initiatives, allowing for further product development and market outreach.