Mitsubishi Electric is reportedly planning to invest almost $20 million into GreyOrange Robotics.

GreyOrange is a startup company developing robotics and automation systems for the logistics industry, particularly warehouse automation systems integrating robots, and has been growing fast, according to a story on EconomicTimes.com.

The investment would lead to a valuation for GreyOrange of an amount between $300 million and $500 million.  [Read more…] about Mitsubishi might invest $20 million in GreyOrange Robotics