• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power

Robotic Assistance Devices Mobile to develop autonomous delivery vehicle

December 20, 2021 by Mark Allinson Leave a Comment

Robotic Assistance Devices Mobile (RAD-M), says it has committed to producing an intelligent autonomous delivery vehicle based on its Roameo security patrol robot (main picture).

RAD-M is a subsidiary of Artificial Intelligence Technology Solutions, a developer of AI-driven security and productivity solutions for enterprise clients.

Steve Reinharz, CEO of AITX, says: “Developing this product is something that we’ve wanted to green light for some time, and I’m thrilled to be able to make the official announcement today.

“Roameo was built as a platform with this and other applications in mind. It will be exciting to see how quickly we can bring it to market.”

AITX sees a need in the market for autonomous delivery vehicles for different types of neighborhoods and campuses. Other solutions currently offered in the market are often remotely piloted, which significantly dilutes their ability to save human labor and create the strongest return on investment possible.

The RAD-M delivery vehicle will primarily operate autonomously, with a minimum amount of necessary human support.

According to Quince Market Insights, the global delivery robot market size was valued at $300.2 million in 2021 and is expected to grow at a annual growth rate of 30.3 percent through 2030.

Demand for autonomous delivery vehicles has increased dramatically over the past few years as retailers, restaurant operators and other businesses struggle to find contactless delivery methods that can reduce costs, increase efficiencies, and navigate the last mile of delivery.

Other manufacturers in this space have successfully raised capital as they finalize productization and conduct tests in local markets.

In 2020, Nuro raised $500 million in a Series C funding round, led by T. Rowe Price Associates. Alphabet’s Waymo participated in one external fundraising round of $3 billion. Startup Coco closed on $36 million in funding in August 2021.

Reinharz says: “I strongly believe that there is plenty of room for a breakout market leader in the delivery robot sector that addresses the underserved communities and merchants. RAD-M has the enormous opportunity to create the best user experience and bring last mile delivery to the mainstream.”

The company confirmed that the yet unnamed, specialized delivery robot will be built based on its recently enhanced Roameo platform. Roameo is a mobile security robot that is nearly 7 ft tall and weighs over 700 lbs.

Roameo’s height and size lend itself well to performing last mile delivery services.

The delivery robot will house multiple hot and cold storage compartments making it ideal for multiple end-user deliveries on a single errand.

Reinharz says: “Several of our existing Roameo clients and prospects have indicated a keen interest in a large last mile delivery robot. Roameo is the perfect platform for us to build this robot upon.”

The Company expects to announce exciting partnerships for this solution over the course of 2022. The company also expects the first deliveries of the planned RAD-M autonomous delivery vehicle towards the end of 2022.

Reinharz says: “We’re heading into 2022 with excellent and efficient engineering and software development teams. We will continue to aggressively grow those teams. The time to seize these autonomous delivery markets is now, and we will not slow down.

“The goal remains to build a large company offering a variety of solutions that leverage AI and purpose-built hardware to supplement and augment human-related activities. The need is greater now than ever before as many of these jobs either cannot be or can no longer be filled by humans.”

To help fund the company’s growth, the Company will continue to raise capital under its current S-3 registration. The company is allocating 400 million existing shares for this phase.

Reinharz says: “Communicating our plans and purposes is a hallmark of AITX. My expectation is that this capital raise will help fund development, operations and accelerate the opening of new high-profile markets that could bring excellent exposure to the company.”

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Autonomous vehicles, News Tagged With: autonomous, company, delivery, market, mile, rad-m, reinharz, roameo, robot, solutions, vehicle

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Autonomous mobile robots market expected to expand at 22 percent a year
  • Will a robot take my job? Notre Dame researcher says this view is overly pessimistic
  • Flexiv partners with Doco Engineering to meet ‘expanding US robotics demand’
  • Addverb opens second software development centre in India
  • ABI Research gives 16 autonomous forklift system vendors competitive rankings
  • euroTECH’s Vacuum Lifter System Increases Efficiency and Ergonomics in Wood Processing
  • How to Reduce Chatter in Robotic Milling Applications
  • Otto Motors launches new ‘mid-sized’ autonomous mobile robot
  • SGS introduces ‘cutting-edge testing protocol’ for robots checking furniture drawer slides
  • Europalco buys two robots from Kuka to add ‘wow factor’ to shows

Most Read

  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • How to Know if Your iPhone is Being Tracked? Check This!
    How to Know if Your iPhone is Being Tracked? Check This!
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • Why is Money Important in Our Lives?
    Why is Money Important in Our Lives?
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Otto Motors launches new ‘mid-sized’ autonomous mobile robot
    Otto Motors launches new ‘mid-sized’ autonomous mobile robot
  • IoT Basics: A Guide to the Internet of Things for Beginners
    IoT Basics: A Guide to the Internet of Things for Beginners

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Autonomous mobile robots market expected to expand at 22 percent a year
  • Will a robot take my job? Notre Dame researcher says this view is overly pessimistic
  • Flexiv partners with Doco Engineering to meet ‘expanding US robotics demand’
  • Addverb opens second software development centre in India
  • ABI Research gives 16 autonomous forklift system vendors competitive rankings
  • euroTECH’s Vacuum Lifter System Increases Efficiency and Ergonomics in Wood Processing
  • How to Reduce Chatter in Robotic Milling Applications
  • Otto Motors launches new ‘mid-sized’ autonomous mobile robot
  • SGS introduces ‘cutting-edge testing protocol’ for robots checking furniture drawer slides
  • Europalco buys two robots from Kuka to add ‘wow factor’ to shows

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Nov   Jan »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT