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Geek+ raises $100 million in latest financing round with strategic investment from Intel

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Geek+, a maker of warehouse automation technologies, has closed a new, $100 million series E1 funding series, with the company valued at over $2 billion.

Investors in the round include Intel Capital, Vertex Growth, and Qingyue Capital Investment. The company will use this funding to accelerate its global market expansion and invest in its AMR technology research and development for key product innovation.

In early 2021, Geek+ closed a previously undisclosed series D financing round led by CPE. In 2021, Geek+ registered annual revenue of $150 million and over $300 million in orders. [Read more…] about Geek+ raises $100 million in latest financing round with strategic investment from Intel

Flexiv showcases robotic masseur and robotic coronavirus testing system

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Flexiv, a “general-purpose” robotics company which also produces a collaborative robotic arm, has been showcasing some of its latest robotic developments at the recent World Artificial Intelligence Conference, held in China.

Flexiv’s booth featured a fully automated coronavirus testing robot, a robotic masseur, and a range of other industry-ready robotic solutions.

Attracting over 200 exhibitors and 300 guest speakers, the expo was held from the 1st to the 3rd of September at Shanghai’s World Expo Centre. [Read more…] about Flexiv showcases robotic masseur and robotic coronavirus testing system

Stilfold prepares to launch ‘industrial origami’ technology into space

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Swedish design and technology startup Stilfold is stepping into space, with an exciting new project that aims to identify applications for its origami-inspired manufacturing technology in outer space.

The startup – renowned for pushing the boundaries of design and innovation – is working with Sweden’s International Space Asset Acceleration Company (ISAAC) to discover how Stilfold’s “origami” manufacturing solution can be used for transporting and constructing materials in space.

ISAAC is an innovative new organization, founded by serial entrepreneur Mattias Hansson and backed by the European Space Agency and Sweden’s first astronaut Christer Fuglesang, which aims to strengthen innovation on Earth using knowledge and discoveries from outer space. [Read more…] about Stilfold prepares to launch ‘industrial origami’ technology into space

Bosch to invest a further €3 billion in chip manufacturing business

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From cars and e-bikes to household appliances and wearables – semiconductors are an integral part of all electronic systems. They are the motor that drives the modern world of technology.

Bosch recognized their growing significance early on and has now announced investment of further billions of euros in order to strengthen its own semiconductor business. By 2026, Bosch plans to invest another €3 billion in its semiconductor division as part of the IPCEI funding program on microelectronics and communications technology.

Dr Stefan Hartung, chairman of Bosch, says: “Microelectronics is the future and is vital to the success of all areas of Bosch business. With it, we hold a master key to tomorrow’s mobility, the internet of things, and to what we at Bosch call technology that is ‘Invented for life’.” [Read more…] about Bosch to invest a further €3 billion in chip manufacturing business

Autonomous trucks make the ‘most compelling case’ for automation in commercial vehicles, says report

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Autonomous trucks make “the most compelling case for automation in commercial vehicles”, according to a new report.

The new IDTechEx study, Heavy-Duty Autonomous Vehicles 2023-2043: Trucks, Buses & Roboshuttles, has found significant activity in the autonomous heavy-duty and commercial vehicle space.

Today, there are hundreds of vehicles around the globe in various stages of trialing, piloting, and even some companies teetering on the precipice of fully unmanned commercial deployment. Each industry has unique strengths and challenges, here are some key findings from the report. [Read more…] about Autonomous trucks make the ‘most compelling case’ for automation in commercial vehicles, says report

Fraunhofer Research uses Nvidia simulation technologies to design ‘futuristic autonomous mobile robots’

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Fraunhofer Research is using Nvidia simulation technologies to design futuristic autonomous mobile robots that significantly advance the state of the art in autonomous mobile robots.

The Germany-based research group’s O3dyn platform is intended for the creation and testing of autonomous mobile robots for manufacturing. [Read more…] about Fraunhofer Research uses Nvidia simulation technologies to design ‘futuristic autonomous mobile robots’

Airbus to expand robotic usage at Rochefort logistics site

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Airbus, the world’s largest airplane manufacturer, is expanding its usage of robotic solutions at its Rochefort, France logistics facility.

Airbus expects to be manufacturing a staggering 1,000 aircraft a year by 2025, which would significantly increase its requirements for parts picking in its warehouses.

Airbus’ partners at the Rochefort warehouse are Blondel Group and Scallog. Specifically, logistics company Blondel manages the warehouse and has installed Scallog robotic systems to accelerate operations. [Read more…] about Airbus to expand robotic usage at Rochefort logistics site

Alstef unveils robot for baggage handling at airports

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Alstef has unveiled a mobile robot for handling baggage at airports. The new machine – the BAGXone – was launched by Nicolas Breton, Alstef Group’s CEO, at a recent industry event.

BAGXone is described as a high-speed automated guided vehicle designed to handle individual bags. It can cover short distances, from check-in to screening machines or from the screening machines to an early bag store, reconciliation room, make-up carousel.

It can also cover long distances – for example, link between two terminals. It is also “easily adaptable” to suit scalability and redundancy requirements. If there are increased capacity requirements or expansion of the baggage sorting system, new AGVs can be added to extend the fleet. [Read more…] about Alstef unveils robot for baggage handling at airports

Recycling robot tackles electrical waste

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A sustainable circular economy depends on recycled electronic consumer goods. But recycling electronic waste can endanger human workers – which makes it an optimal application for robotics and automation.

To overcome these challenges, the Irish technology company Votechnik has developed a system based around a Kuka industrial robot.

Because of mercury and other gases, as well as sharp-edged parts, it’s dangerous for people to dismantle LCD screens and monitors. [Read more…] about Recycling robot tackles electrical waste

Scythe Robotics receives 7,000 orders for its autonomous law mowers

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Scythe Robotics has received 7,000 orders for its autonomous law mowers, according to a report The Denver Post website.

The startup company says it plans to expand its manufacturing facility in Colorado to be able to handle the orders, adding that its mowers have received strong interest from all across the United States.

Scythe Robotics specializes in building commercial-grade autonomous robotic solutions for the landscaping industry, and its first offering is an all-electric, fully autonomous mower, designed completely in-house. [Read more…] about Scythe Robotics receives 7,000 orders for its autonomous law mowers