Market trends and business perspectives
Refraction AI, the robotics startup and creator of the REV-1 autonomous delivery robot, has raised $4.2 million in new seed funding led by Pillar VC.
The company says the capital will be used for customer acquisition, geographic expansion and product development.
Founded in July 2019, Refraction AI solves last-mile delivery logistics with a practical, economical and sustainable application of mobile robot technology. [Read more…] about Delivery robot company Refraction AI raises $4.2 million
Kia is planning to develop a variety of technologies including autonomous vehicles for last-mile delivery in Singapore.
The company has begun to lay the groundwork for its “Purpose Built Vehicle” (PBV) business, partnering with cold chain start-up S.lab Asia to break into Singapore’s last-mile delivery market.
The two companies have signed an agreement aimed at launching a pilot project in Singapore using the e-Niro and evaluating the potential for a future PBV-based business model. [Read more…] about Kia to develop autonomous vehicles for last-mile delivery in Singapore
Robotic last-mile deliveries are forecast to generate almost $50 billion in revenue by 2030, according to a new report by Lux Research.
Automated parcel delivery technologies, such as small mobile delivery robots, are growing due to the rise in consumer demand for faster deliveries.
The rise in e-commerce is fueling rapid growth in parcel delivery volumes, a market expected to grow to $665 billion by 2030. Consumers are increasingly expecting parcels to be delivered quickly. [Read more…] about Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030
The retail sector is expected to buy more than 150,000 robots by 2025, according to a study by ABI Research.
The next generation of mobile robots for cleaning, inventory management, and material handling are “passing the test in retail”, says ABI.
Several robotics companies have grown their autonomous mobile robot fleet in 2019 and are poised to scale exponentially over the next five years. [Read more…] about Retailers expected to buy more than 150,000 robots by 2025
The second and final day of the Deliver event has seen sponsors and attendees ask each other many questions about the future of e-commerce, or rather “e-logistics”.
And some of the most crucial questions concern the critical last mile of the journey a product makes before it reaches the customer’s door.
The answers appear to be many and varied, and involve new hardware and software, but there does seem to be a general feeling of consensus, even if the details of the technologies underpinning that consensus is yet to be fully articulated, let alone realised. [Read more…] about Deliver: Cost-effectively navigating the last mile is crucial to e-commerce growth
XPO Logistics, the largest last-mile provider for heavy goods in North America, has announced the launch of extensive last mile capabilities on its XPO Connect digital freight marketplace.
The company’s last mile business unit specialises in the delivery of heavy goods, many of which require assembly and installation inside the home.
In 2018, XPO arranged approximately 40,000 last mile deliveries per day on average.
[Read more…] about XPO Logistics expands XPO Connect into last mile
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