Robotics & Automation News

Market trends and business perspectives

forwardx

ForwardX Robotics raises $31 million in Series C funding round

by Leave a Comment

ForwardX Robotics, a Beijing-based developer of autonomous mobile robots for warehousing and manufacturing environments, has completed its initial Series C1 funding round, raising $31 million.

The initial round was led by Taikang Life Insurance, with Qualcomm Ventures and Starlight Capital also contributing to the round.

Only seven months after the close of its $63 million Series B round, the latest round of funding brings ForwardX to approximately $100 million in total investment since its founding in 2016. [Read more…] about ForwardX Robotics raises $31 million in Series C funding round

ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

by Leave a Comment

ForwardX Robotics, a developer of autonomous mobile robots for warehousing and manufacturing environments, has closed its Series B funding by raising another round of more than $38 million led by CDH Investments’s VGC, Eastern Bell Capital, and Dohold Capital. Other investors include Angel Around and ZGC Group.

This funding brings ForwardX’s total Series B funding to over $63 million after an initial round of $10 million in March 2019 and an extension of $15 million in April 2020. Since its founding in 2016, ForwardX has now raised close to $74 million in venture capital.

Nicolas Chee, founder and CEO of ForwardX Robotics, says: “Our customers in the warehousing and manufacturing industries come to us to transform their operations and help them unlock new levels of efficiency that were previously unattainable. [Read more…] about ForwardX Robotics raises $38 million in new funding, bringing total to $74 million

TCL implements ‘world’s first’ 5G-enabled autonomous mobile robots from ForwardX

by Leave a Comment

The Huizhou factory of Chinese multinational electronics company TCL, specializing in surface-mount technology processes, has installed dozens of ForwardX Max 300 Lift Autonomous Mobile Robots to automate the movement of materials across the production facility.

So far, the project has resulted in improved productivity across the production process, less labor dependency for material handling, and a quicker inventory turnover.

The AMRs connect and communicate through a 5G network which was set up as part of TCL’s 5G+ Smart Factory Initiative. [Read more…] about TCL implements ‘world’s first’ 5G-enabled autonomous mobile robots from ForwardX

ForwardX launches six new autonomous mobile robots

by Leave a Comment

ForwardX Robotics has launched six new products under its Max range of autonomous mobile robots: Max 300 Lift Lite, Max 300 Conveyor, Max 600 Conveyor, Max 1200 Standard, Max 1200 Lift, and Max 1200 Conveyor.

All the new robots are built to safely and efficiently automate material handling within production and warehousing facilities. The product launch coincided with ForwardX’s appearance at CeMAT Asia last month, where the new products were on show for visitors to see.

Nicolas Chee, founder and CEO of ForwardX Robotics, says: “At ForwardX, our goal has always been to develop mature solutions that actually deliver real value right now. We understand that the manufacturing industry is a complex one with a variety of circumstances and pain points specific to each manufacturer. [Read more…] about ForwardX launches six new autonomous mobile robots

ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

by Leave a Comment

ForwardX Robotics, a provider of artificial intelligence and robotics solutions, says it will now offer Robots-as-a-Service (RaaS) options for its collaborative mobile robots.

Whilst also offering outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to invest in innovation by allowing them to upgrade their facilities without the large upfront investment usually associated with automation projects.

Paul Qian, VP of sales at ForwardX Robotics, says: “The pressure on supply chains to deliver is growing with every day that passes and we know how much of an impact our solutions can have on facilities and their processes. [Read more…] about ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots

by Leave a Comment

By Nic Temple, Vice President of Sales for the Americas at ForwardX Robotics

Given the proliferation of warehouses, distribution centers, direct to consumer (D2C) business models, fleets of AMRs (Autonomous Mobile Robots), questioning the validity of innovation is worthy of examination.

Unlike in prior years when attendees would walk the show floor for days, many are using the MHI MODEX app and visiting for just a single day.

For that reason, a compelling innovation from ForwardX (Booth 1207) should be the first stop for serious AMR decision-makers. [Read more…] about ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots