Information on the Target

DAAV SA is an innovative company emerging from the École Polytechnique Fédérale de Lausanne (EPFL) that specializes in creating mobility solutions for passengers with reduced mobility (PRM) in airport environments. Its flagship product, the DAAV-air, is a fully autonomous vehicle designed to transport PRM passengers seamlessly from check-in to their designated gates. This cutting-edge vehicle operates using unique software developed by DAAV, allowing it to function autonomously or engage in a 'follow-me' mode, wherein it tracks a human operator or another vehicle.

DAAV does not engage in hardware manufacturing; instead, it leverages its proprietary software in conjunction with existing mobility devices, effectively promoting a mobility-as-a-service model tailored specifically for airports. This revolutionary approach helps streamline and enhance the overall experience for PRM passengers while providing significant operational efficiencies for airports.

Industry Overview in Switzerland

The need for improved PRM services in airports has become increasingly critical, particularly in Switzerland and across Europe. Airports are mandated to offer free assistance to passengers with reduced mobility, ensuring equal access to services. However, the growing demand for these services coupled with a workforce shortage has presented a challenge for airport operators.

In the face of rising passenger numbers, airports are turning to innovative solutions to maintain high service standards while managing costs effectively. DAAV's offering addresses this dual challenge - enhancing efficiency through automation while also improving the experience for PRM travelers.

Moreover, the global trend towards digitization and automation in the transportation sector posits a landscape ripe for technological disruption. By integrating advanced software and mobility solutions such as DAAV, airports can transform their operational capabilities to keep pace with evolving passenger needs.

In Switzerland, the public discourse around improving airport infrastructure and passenger services is gaining momentum, aligning with the government’s initiatives to enhance transport accessibility for all citizens. This makes the focus on PRM solutions not just a business opportunity but a social imperative.

The Rationale Behind the Deal

The investment by the Spicehaus Swiss Venture Fund II into DAAV SA is driven by a strategic vision to capitalize on the growing demand for efficient PRM solutions in the airport sector. The company's unique mobility-as-a-service model significantly reduces operational costs—potentially by 40%—while enhancing the user experience for passengers.

Furthermore, DAAV’s innovative approach addresses urgent issues within the industry, particularly the skilled labor shortage, making it an attractive investment for stakeholders looking to support efficiency-enhancing technologies in high-demand sectors.

Information About the Investor

The Spicehaus Swiss Venture Fund II, which acted as the lead investor in this funding round, is known for supporting pioneering technology startups in Switzerland and the broader European landscape. Through its investments, Spicehaus aims to foster innovation in sectors that have significant growth potential.

In addition to Spicehaus, the funding round included contributions from Kickfund, TR Invest, and Dieter Streuli, the CEO of Airline Assistance Switzerland AG, who also serves on the Board of Directors of DAAV. This diverse group of investors aligns well with DAAV's mission, bringing both capital and industry insights to support its growth trajectory.

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The investment in DAAV SA presents a compelling opportunity given the increasing importance of automated solutions in the transportation sector, particularly within airport operations. With its patented technology and proven operational model, DAAV is poised to disrupt the PRM service market significantly.

Moreover, the prevalent challenges faced by airports—such as rising demand for PRM services and labor shortages—underscore the urgency and necessity of DAAV's solutions. This suggests that the company is not only solving current market issues but is also strategically positioned for future growth.

Given the sound business model, experienced leadership, and the backing of prominent investors, there is strong potential for a high return on investment. DAAV could emerge as a market leader in PRM solutions, benefiting from the ongoing digital transformation across the aviation industry.

In conclusion, the deal is a well-timed investment into a relevant, innovative solution that could yield substantial economic and social benefits, making it a prudent addition to the investors’ portfolios.

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