Embraer today announced the signing of an investment agreement for a minority stake in XMobots, a company located in São Carlos, in the interior of São Paulo, ranked as the largest drone company in Latin America. The transaction will be carried out via an investment fund whose sole shareholder is Embraer, with an option for additional future investment. Completion is subject to compliance with conditions and obtaining approvals customary for this type of transaction.

The deal aims to accelerate the future of the medium and large autonomous drone market, jointly explore new market niches and expand the collaborative network in research of new technologies that have synergies with the areas of technological development, Embraer's business and innovation, as well as Embraer-X.

“Our investment strategy and venture capital operations have a strong emphasis on innovation and partnerships, which are pillars of our growth plan for the coming years,” said Daniel Moczydlower, Embraer's Head of Innovation and President and CEO of Embraer-X . “Initiatives like this are fundamental to leverage ecosystems, value knowledge and recognize entrepreneurs who generate businesses with exponential growth potential and high value creation for society”.

With an engaged and creative team, XMobots was born with the mission to develop the mobile robot market and helped make drones a daily reality for the Precision Agriculture and Geotechnology markets in Brazil and Latin America.

“This engagement results in innovations such as service provider platforms with drones, hybrid propulsion and power technologies, artificial intelligence for image analysis, and especially in aeronautical certifications”, said Giovani Amianti, founder and CEO of XMobots. “With this investment, we will be able to walk together in the development of technologies that will consolidate autonomous aerial robots and accelerate solutions for the Geotechnology, Agro, Environmental, Inspection, Defense and Public Security, Logistics and Urban Mobility markets, which are points of convergence between XMobots and to Embraer.”

Upon completion of the transaction, the companies intend to work together to create memoranda of understanding related to operations in Civilian and Defense & Security markets.

The partnership is supported by Embraer's more than 50 years of history and experience in developing, certifying, manufacturing, marketing aircraft and providing after-sales services.