Provide commercial robots for handling materials in manufacturing facilities and warehouses
“Otto Motors” official website
According to foreign media, FinSMEs It is reported that recently, “Otto Motors has received $29 million in financing. This round of financing was funded by Kensington Private Equity Fund led the investment, with BMO Capital Partners, Export Development Canada (EDC) and existing investors iNovia Capital and RRE Ventures participating. Through this round of financing, the company’s total C round of financing reached 83 million US dollars.
“Otto Motors” was separated from Clearpath. Under the leadership of CEO and co-founder Matthew Rendall, it provided an automated material movement platform. The platform’s products include automatic mobile robots (AMR) and Fleet Manager. And Otto Care for handling materials in manufacturing facilities and warehouses.
All AMR of the platform, whether it is equipped with an integrated lifting device and can carry up to 220 pounds of “Otto 100”, or equipped with a lifting device and conveyor Accessories, “Otto 1500” that can carry more than 3 tons, are equipped with lidar sensors, which have scanningfunction,EnvironmentMonitorfunction, and environment interaction function.
Fleet Manager can complete tasks such as robot operation control, job supervision and management, and facility integration. By mapping facility and warehouse information, the location of AMR can be visualized. Managers can use Fleet Manager to customize how robots move throughout the building and track the operating status of each robot.
Secondly, Fleet Manager can also intelligently allocate operations, such as material pick-and-place, battery charging lights, and notify managers through Slack and other platforms of the operation time and /span>HomeworkAmount. In addition, it can connect to the company’s existing systems through protocols such as HTTP Rest and WebSockets.
As for Otto Care, it is a support service that provides users with access to firmware upgrades and real-time technical support, as well as hardware and software maintenance for AMR.
“Otto Motors” official website
Matthew Rendall stated that this financing will enable the company to meet additional customer needs during and after the COVID-19 pandemic. Today,The widespread spread of coronavirus has caused a shortage of workers.
For example, the total number of item sorting machines used by Gap has tripled to 106 units. Amazon also said that it relies more on automated machines for product classification. According to data from ABI Research, by 2025, more than 50,000 warehouses worldwide will have more than 4 million commercial robots installed, while in 2018, fewer than 4,000 warehouses used commercial robots.
“Otto Motors” will actively respond to the growing demand. At present, its customers include GE, Toyota, Nestlé and Berry Global. The company intends to use the funds from the new round of financing to continue to expand its AMR platform. In addition, part of the funds will be used to expand the company’s workforce in technology, products, sales, marketing and customer management teams.