Aurrigo revenue rises as capacity expands

Aurrigo revenue rises as capacity expands

Aurrigo increased first-half revenue while expanding its UK manufacturing capacity. Automotive sales rose 53%, while investment in autonomous programmes, facilities, and engineering increased the company’s operating losses.


Aurrigo International increased first-half revenue by 19% to £4.2m as the Coventry transport-technology business expanded its UK manufacturing capacity, grew automotive sales, and began work across new autonomous and defence contracts.

Revenue from its Automotive division rose 53% to £3.6m during the six months ended 30 June, compared with £2.4m a year earlier. The business also recorded initial revenue from its first defence contract.

Autonomous revenue fell from £1.1m to £0.6m as existing programmes completed and newer contracts remained at earlier stages. Management expects the mix to change again as recently secured autonomous programmes move into delivery.

Chief executive David Keene said the expanded manufacturing facility leaves the company “well placed to meet our existing delivery commitments and scale production”.

The company has secured a £6.28m contract with Ultra Global covering autonomous vehicles and a £4.5m three-year framework agreement within Automotive. Its larger Coventry headquarters and production facility became operational during the first half.

The investment required to support that growth increased losses. Gross profit was £1.1m compared with £1.5m a year earlier, while adjusted EBITDA losses widened from £1.6m to £3.1m. Aurrigo attributed much of the increase to staffing, development work, and higher property costs associated with the expanded site.

The group ended the period with £8.4m in cash. Its results show the financial tension facing a hardware-heavy growth company: revenue is increasing, but manufacturing capability and engineering teams have to be funded before contracted programmes reach full production.

Aurrigo develops autonomous and conventional transport technology, with autonomous airside vehicles forming a major part of its growth strategy. Airports offer a relatively controlled operating environment where repetitive logistics tasks can be automated without the same mix of pedestrians, private vehicles, and unpredictable road behaviour encountered on open urban streets.

The commercial sales cycle can nevertheless be long. Airports plan infrastructure over extended periods and need technology to integrate with safety systems, ground handlers, airlines, and existing operational processes. A successful pilot therefore does not immediately translate into fleet-wide adoption.

Aurrigo’s manufacturing expansion is intended to prepare for that later stage. The company said engagement across its autonomous pipeline remains strong, with several potential customers expected to make decisions around the end of 2026.

The UK autonomous-vehicle market is also beginning to move from development towards practical deployment. Supervised autonomous passenger services have begun operating in London, while policymakers are considering the employment, tax, and transport implications of wider adoption.

Aurrigo’s airport focus differs from robotaxi services but reflects the same transition from demonstration technology towards operational use. Commercial success increasingly depends on reliability, integration, maintenance, and economics rather than autonomous capability alone.

The first defence revenue adds another potential market, while Automotive remains the main contributor to current turnover. Diversification can reduce reliance on the timetable of airport automation, although it also gives management several programmes to fund and execute at the same time.

The second half will therefore be judged on contract conversion and delivery as much as top-line growth. Aurrigo has added manufacturing capacity before autonomous revenue has reached scale; the next stage is converting enough of its pipeline to make effective use of that investment and improve operating economics.



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