market

Global market for autonomous last-mile delivery solutions set to grow to $76 billion

March 13, 2020 by David Edwards Leave a Comment

Last-mile delivery always tends to present a challenge for business ventures across all types of industries.

And, with autonomous solutions being more and more popular these days, industry players have started opting for driverless delivery vehicles, according to a report – Autonomous Last Mile Delivery Market – by Allied Market Research.

Replenishing gaps in the supply chain, these self-directed vehicles are now being perfectly utilized to hand over products to dealers, merchants, retailers, and even common people. [Read more…] about Global market for autonomous last-mile delivery solutions set to grow to $76 billion

Robotic last-mile deliveries to generate almost $50 billion in revenue by 2030

March 13, 2020 by David Edwards Leave a Comment

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

InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

March 9, 2020 by Sam Francis Leave a Comment

InoBat Auto, a battery production company providing new energy solutions for electric vehicles, has secured funding to build a research and development centre to support the construction of a 10 GWh Gigafactory in Slovakia – the world’s biggest car producer per capita.

The investment from the Slovakian Government has contributed to the €100 million first-phase fund raising to deliver the Gigafactory, which will deploy state-of-the-art battery technology with the potential to provide an estimated 240,000 electric vehicles with cutting edge batteries by 2024.

InoBat Auto says its planned Gigafactory will catapult Europe to become a leading global force in the electric vehicle battery industry. [Read more…] about InoBat Auto secures funding from Slovakian government to build €1 billion ‘Gigafactory’

RightHand Robotics continues global expansion with opening of sales office in Europe

March 9, 2020 by Sam Francis Leave a Comment

RightHand Robotics (RHR), a provider autonomous robotic picking solutions, is continuing its global expansion with the establishment of a sales and business development office in Frankfurt, Germany.

With multiple customers and partners based in Europe, RHR’s German operation will strengthen the company’s business and enable them to further expand their presence as the market grows and their customer base deepens in the region.

With broad experience in next-generation fulfillment solutions, Jon Schechter has been named to lead RHR’s German office, serving as head of Europe. Schechter spent 10 years designing robotic fulfillment centers for e-commerce and retail distribution as part of Kiva Systems and Amazon Robotics. [Read more…] about RightHand Robotics continues global expansion with opening of sales office in Europe

Upnest: Using Technology and Transparency to Connect In-Market Buyers and Sellers with the Right Agent

March 2, 2020 by Polly Leave a Comment

The real estate world is like a jumbled ball of colored wool, and trying to decipher it without the right team or know-how can make you a mess.

Now you don’t have to bother your head about how to sell a house to make the best profit either.

Do you know that using the right real estate team can save you lots of money as profit when selling a house? [Read more…] about Upnest: Using Technology and Transparency to Connect In-Market Buyers and Sellers with the Right Agent

Fabric raises $110 million in new investment round backed by Kraft Heinz

February 26, 2020 by Sam Francis Leave a Comment

On-demand fulfillment services startup Fabric has raised an additional investment to its Series B round from Evolv Ventures, the investment arm of Kraft Heinz, one of the largest global food and beverage companies in the world.

Led by a team of food, startup, and venture capital veterans, Evolv Ventures is focused on strategic investments in emerging technologies across the food value chain.

Their undisclosed additional investment to the $110 million-dollar round is a resounding vote of confidence from a leading food tech investor and the iconic food company. [Read more…] about Fabric raises $110 million in new investment round backed by Kraft Heinz

Global robotics market predicted to triple to $275 billion by 2025

February 16, 2020 by Sam Francis Leave a Comment

The global robotics market is predicted to triple to $275 billion by 2025, according to analysis of International Federation of Robotics data by DC Advisory.

The investment bank calculates that the market was worth approximately $98 billion in 2018.

DC Advisory says changing consumer market has driven manufacturers and logistics companies to adopt new methods of production and distribution – chiefly the new generations of robotics and automation technology. [Read more…] about Global robotics market predicted to triple to $275 billion by 2025

LiDAR in mapping market predicted to surpass $4 billion by 2026

February 12, 2020 by David Edwards Leave a Comment

The global market for LiDAR in mapping is expected to exceed $4 billion by 2026, according to research by Global Market Insights.

The rising demand to reduce the risks associated with natural disasters such as floods, volcanic eruptions, and earthquakes is supporting the demand for LiDAR in mapping solutions, says the company.

The LiDAR in mapping market growth is also attributed to the increase in government efforts to identify new sources of energy. [Read more…] about LiDAR in mapping market predicted to surpass $4 billion by 2026

Otto Motors expands its autonomous mobile robots business to Japan

February 12, 2020 by Mai Tao Leave a Comment

Otto Motors, the industrial division of Clearpath Robotics, is expanding into the Japanese market.

The move marks Ontario-based Otto’s first expansion outside North America.

Otto Motors produces self-driving vehicles – also referred to as “autonomous mobile robots” or warehouse robots – that move materials within manufacturing and warehousing facilities. [Read more…] about Otto Motors expands its autonomous mobile robots business to Japan