UVL Robotics has attracted $300,000 for the production of drones

The Russian startup, UVL Robotics, is one of the graduates of the accelerator for industrial start-ups HSE {100K}, which was organized by the Higher School of Economics in conjunction with the Phystech Ventures fund in late 2017. The startup develops unmanned drones for industrial applications.

UVL Robotics has attracted $300,000 which will help developers start mass production of drones.

UVL Robotic's quadcopter is equipped with vertical takeoff and can fly for up to three hours without recharging. The main purpose of the drones are to inventory goods in warehouses. Other applications include the monitoring of production areas and responding to emergencies.

The development team has already tested two models of drones. Seven partner companies will participate in testing throughout the year. In mid 2018 the startup plans to start accepting commercial orders.

The CEO of UVL Robotics, Eugene Grankin, believes that the company has the potential to enter the international market. Prospective clients of UVL Robotics are large trading companies and retail chains, as well as international logistics companies.

The Phystech Ventures Fund invests not only in Russian projects, but also supports companies from Europe, the U.S. and South-East Asia. More than 20 companies have received investments from the fund for a total of $50 million. Among the startups that are supported by the fund is AT Energy, a developer of fuel cells for drones.