Aurrigo win Best Newcomer Award at the AIM Awards 2023
Congratulations to our client, Aurrigo plc, who were successful in winning the prestigious ‘Best Newcomer Award’ at the AIM Awards 2023.
Coventry-based Aurrigo is a leading international provider of transport technology solutions. The group designs, engineers and manufactures electric autonomous vehicles and OEM products to the automotive and transport industries.
Aurrigo listed on AIM in September 2022, under challenging market conditions. The group raised £8m on admission, at a placing price of 48p. The success of the listing and fundraise is a testament to the group’s innovative technology and provides Aurrigo with a solid platform for growth. The IPO was identified as the best performing IPO of 2022. Singer Capital Markets acted as Nominated Adviser, Sole Broker & Sole Bookrunner to Aurrigo plc.
Since floating, the group’s share price has increased 152% from 52.5p to 132.5p and its market cap has grown from £20m to £55.21m. Aurrigo has also continued to deliver on its key IPO objectives. In October 2022, the group signed an agreement with Changi Airport Group for the next phase of development of the Auto-Dolly, its innovative baggage transportation solution for airports, and this was shortly followed by a multi-year partnering agreement with Changi in February 2023.
ESG highlights: ESG is fundamental to Aurrigo’s mission and provides many opportunities to grow its business. The group is investing in reducing its carbon footprint and engaging in DEI initiatives including internships and in-house mentoring.
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