Subversive Capital Acquires AeroVironment's CybAero Holding

  • Our Bureau
  • 09:14 AM, September 17, 2015
  • 5283

Subversive Capital has acquired the remainder of AeroVironment's CybAero holding.

"We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult in a statement Thrusday.

"We also remain committed to our partnership with AeroVironment," he said.

Subversive Capital's General Partner, Michael Auerbach, said, "CybAero's product line APID ONE is a game-changing remote-piloted aircraft that fills a vacuum for commercially viable systems. We see this technology as a major disruptor to industries such as agriculture, pollution control, and maritime security monitoring, as well as a delivery system for humanitarian aid."

Subversive Capital invests primarily in industries that require navigating complex political environments and regulatory regimes.

Also Read

CybAero Delivers Remotely Piloted Helicopter To China

July 1, 2015 @ 10:26 AM

CybAero To List On Nasdaq Stockholm In 2016

June 12, 2015 @ 01:05 PM

Sweden Grants Temporary Export License To CybAero For Flight Demonstrations

April 1, 2015 @ 05:17 PM

Swedish UAV Manufacturer `CybAero’ Files for Bankruptcy

June 25, 2018 @ 10:10 AM

AeroVironment, SoftBank JV to Develop Solar-powered HALE UAS

January 5, 2018 @ 04:44 AM

CybAero Demonstrates Flights for Belgian Navy

December 4, 2017 @ 11:11 AM

Aerovironment Puma UAV Gets Structural Upgrades

October 12, 2017 @ 01:30 PM

CybAero Tests Ship Based APID One System From Swedish Corvette

May 4, 2016 @ 09:40 AM

AeroVironment To Supply Raven UAVs To Seven US Allies

October 14, 2015 @ 03:27 PM