Robotics & Automation News

Market trends and business perspectives

Archives for November 22, 2018

Geek Plus Robotics raises $150 million in ‘world’s largest Series B financing in logistics robotics’

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Supply chain automation solutions company Geek Plus Robotics has completed a Series B financing round in which it raised a staggering $150 million. 

The company says this is “the world’s largest financing in artificial intelligence-enabled logistics robotics”.

As of the closing of this round of financing, Warburg Pincus has committed a total of approximately $100 million in Geek Plus through a series of investments since 2017, which had also been participated by other existing shareholders including Volcanics Venture and Vertex Ventures.

Founded in 2015, Geek+ is a leading AI a robotics company that integrates robotics, AI, big data, cloud computing, and IoT technologies to provide “intelligent robotics solutions and one-stop supply chain services”.  [Read more…] about Geek Plus Robotics raises $150 million in ‘world’s largest Series B financing in logistics robotics’

FedEx acquires 1,000 Chanje electric vehicles

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FedEx Corp. is expanding its fleet to add 1,000 Chanje V8100 electric delivery vehicles, buying 100 of the vehicles from Chanje Energy Inc and leasing 900 from Ryder System, Inc.

The purpose-built electric vehicles will be operated by FedEx Express for commercial and residential pick-up and delivery services in the United States.

The vehicles are manufactured by FDG in Hangzhou, China, and purchased through Chanje Energy Inc., the company’s subsidiary for global business. Ryder System, Inc. will provide support services for all of the vehicles.

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SAIC Motor and China Mobile to create first mass-produced 5G internet vehicle

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SAIC Motor Corporation Limited has signed an agreement with China Mobile Communications Corporation to jointly explore future studies and applications of multiple areas including working together to create the first mass-produced 5G internet vehicle.

The two companies will work on areas such as a 5G communications network, internet-based smart vehicles, an intelligent transportation system (ITS), an in-vehicle entertainment system, overseas resource coordination and the industrial internet.

They will also promote the upgrading of intelligent internet-connection technologies, so as to drive the development of China’s auto industry via the 5G communications technology.

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Oceaneering unveils driverless vehicle for amusement parks

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Oceaneering International, Inc. announced that one of its divisions, Oceaneering Entertainment Systems, has unveiled its newest product, a transportation vehicle system, at the International Association of Amusement Parks and Attractions (IAAPA) Expo November 13-16, 2018 in Orlando, Florida.

The REVO-GT is a unique vehicle system that uses self-guided, driverless group transit vehicles, each capable of transporting up to 24 passengers on a dedicated guideway allowing passengers to select from pre-programmed routes connecting different origins to one or more specific destinations.

The battery-powered REVO-GT is based on driverless automated guided vehicle (AGV) technology.

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