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Macquarie Back Drone Air Mapping Service

Sydney-based infrastructure asset management behemoth, Macquarie Group, has reportedly seeded money into a drone mapping service, and electric-car sharing business.

Reported by Reuters, the move reflects a growing willingness amongst money managers to embrace new technology and non-traditional infrastructure projects.

“The overarching theme is that technology is revolutionising the infrastructure world,” remarked Macquarie Capital Senior VP, Stephan Feilhauer, in an interview with Reuters.

Macquarie has announced it’s backed drone airspace information provider, AirMap, plus on-demand electric car provider, Envoy Technologies.

“Infrastructure technology, or ‘InfraTech’ is a crucial theme for Macquarie and we absolutely look to continue making further investments in that space,” claims Feilhauer.

The company is said to have also invested in soil analytics provider Teralytic.

The organisations will reportedly receive around US$1 million in cash and support services, with the potential of tens of millions in follow-up funds.

The investments stem from Macquarie Capital Venture Studio (MCVS), which was established nearly a year ago in collaboration with R/GA Ventures to support emerging technology infrastructure companies.

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