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RightHand Robotics raises $66 million in Series C funding

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RightHand Robotics, a startup developing autonomous robotic picking solutions for order fulfillment, has secured $66 million in a Series C financing.

The funding round was led by investors Safar Partners, a technology venture fund; Thomas H. Lee Partners, an investor in automation and supply chain; and SoftBank Vision Fund 2, which is part of the SoftBank Group.

Zebra Technologies, Epson and Global Brain also join this round, along with previous investors GV, F-Prime Capital, Menlo Ventures, Matrix Partners and Tony Fadell’s Future Shape. Previous rounds were led by Menlo Ventures and Playground Global. [Read more…] about RightHand Robotics raises $66 million in Series C funding

Volvo, Daimler, and Traton partner to build high-performance charging network

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Europe’s three leading commercial vehicle manufacturers – Volvo Group, Daimler Truck, and Traton Group – have signed a binding agreement to create a joint venture to install and operate a high-performance public charging network for battery electric, heavy-duty long-haul trucks and coaches across Europe.

As previously publicised, the parties are committed to initiating and accelerating the necessary build-up of charging infrastructure for the increasing number of customers of electric vehicles in Europe and contribute to climate-neutral transportation in Europe by 2050.

The joint venture creation is subject to regulatory approvals. [Read more…] about Volvo, Daimler, and Traton partner to build high-performance charging network

Kinova raises $48 million in new financing

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Kinova, a privately-held Canadian developer of robotic solutions for the medical and industrial markets, has raised investments totaling C$40 million ($32 million), led by Graham Partners with the participation of Export Development Canada.

The robotics company is also pleased to announce the prior closing of an agreement with the Government of Canada under the Strategic Innovation Fund for a total of C$20 million ($16 million).

These investments will accelerate the development and commercialization of Kinova’s solutions. In addition, the Canadian robot maker will use the funds to augment engineering resources to meet the demands of global customers. The new products for the industrial markets will be announced later in 2022. [Read more…] about Kinova raises $48 million in new financing

Governor Whitmer launches ‘first’ US wireless electric vehicle charging road system

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Michigan Governor Gretchen Whitmer has announced the award of a contract to build a first in the United States public wireless in-road charging system allowing electric vehicles to charge while in motion and stationary.

A company called Electreon has been selected to build an electric road system in Detroit as part of the inductive vehicle charging pilot program.

Governor Whitmer says: “As we aim to lead the future of mobility and electrification by boosting electric vehicle production and lowering consumer costs, a wireless in-road charging system is the next piece to the puzzle for sustainability. [Read more…] about Governor Whitmer launches ‘first’ US wireless electric vehicle charging road system

Vecna Robotics raises $65 million in Series C funding

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Vecna Robotics, a provider of robotic material handling automation, has raised $65 million in its Series C funding round led by Tiger Global Management, along with additional funding from new investors Lineage Logistics, Proficio Capital Partners, and Impulse.

The new financing will help fund the company’s technology roadmap with new autonomous mobile robots (AMR) and software, and will accelerate fulfillment of new orders and expanded operations to address the $165 billion market opportunity for pallet-moving autonomy.

Craig Malloy, CEO of Vecna Robotics, says: “There is huge headroom for growth in automated material handling with over 5 billion pallets in the world being moved by more than 5 million forklifts and nearly 5 million manual operators. [Read more…] about Vecna Robotics raises $65 million in Series C funding

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

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Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Mercedes-Benz partners with Luminar to develop automated driving systems

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Mercedes-Benz and Luminar Technologies has agreed a partnership to accelerate development of future automated driving technologies for passenger cars.

A central component of this is the optimal access to new technologies and global competencies.

The new partnership with Luminar underlines Mercedes-Benz’s policy of continuously expanding its network of top-flight tech partners and suppliers for passenger cars. [Read more…] about Mercedes-Benz partners with Luminar to develop automated driving systems

Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

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Doosan Robotics announced it has become South Korea’s first to achieve an annual sales record of 1,000 units for collaborative robots, also known as “cobots”.

Established in 2015, Doosan Robotics has manufactured cobots using proprietary technology and has maintained the position of number one market share holder in Korea since 2018.

Doosan Robotics has also performed remarkably in global markets, becoming the first Korean company to be named as one of world’s top five cobot manufacturers. [Read more…] about Doosan Robotics breaks South Korean record with annual sales of more than 1,000 collaborative robots

Evocargo to exhibit autonomous logistics vehicle technology at CES

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Evocargo will showcase its cutting-edge services in cargo transportation based on their own electric unmanned vehicle in the Vehicle Tech category at the Consumer Electronics Show 2022, being held in Las Vegas from January 5-8.

Established in 2019, Evocargo will exhibit its Smart Logistic service based on unmanned all-electric platforms. Evocargo’s EVO.1 vehicle (3.5 tons full weight) will be displayed, featuring a payload capacity of 1.5 tons, power reserve of 155 miles and operating time of 20 hours with 40-minute charging time.

Evocargo’s all-electric/hydrogen autonomous vehicles ensure its customers’ operations are always on time, optimized and precisely coordinated through all process cycles. [Read more…] about Evocargo to exhibit autonomous logistics vehicle technology at CES

Mecademic Robotics expands into huge markets with its tiny robot

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Mecademic Robotics, the Canada-based maker of a tiny industrial robot, is expanding into some of the largest robotics markets in the world.

The company has reached strategic agreements with new “value-added partners” which will enable it to grow into reginal markets in the US, Canada, France, Germany, and Australia.

As the global market continues to see increased demand for small industrial robot arms, Mecademic says it has increased its production capacity and regional presence to better serve its customers.

Mecademic describes its new partners – which are Allied Automation (USA), The Knotts Company (USA), Electromate (Canada), Pagès Group (France), LMZ (Germany), and Andrew Donald Design Engineering (Australia) – as “cutting-edge automation solution providers”. [Read more…] about Mecademic Robotics expands into huge markets with its tiny robot