Robotics & Automation News

Market trends and business perspectives

supply chain automation

‘E-logistics’ event Deliver opens its doors in Portugal

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The Portuguese capital city of Lisbon is playing host to one of the most important events in the e-commerce logistics and supply chain industry, Deliver.

Some describe Deliver as the “Davos of e-commerce” because it attracts all the most important e-commerce companies as well as the companies which provide the technology they rely on.

And that’s why we’re here.

E-commerce companies are increasingly dependent on technologies such as conveyors, automated storage and retrieval systems, robots, and even artificial intelligence to gain a competitive edge over their rivals.

And in such a competitive market with relatively low margins, any slim advantage is fought for as though the survival of the business depends on it. [Read more…] about ‘E-logistics’ event Deliver opens its doors in Portugal

Geek Plus Robotics looks set to expand into the multibillion-dollar forklift truck market

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Geek Plus Robotics says it is receiving high levels of interest from heavy industry for its supply chain automation technologies, which are currently being showcased at ProMAT, in Chicago. 

A spokesperson for the company says the specific products generating the interest are its autonomous forklift truck as well as its M1000, which, as the name suggests, is a warehouse mobile robot with a payload of 1,000 kg. The driverless forklift’s payload is 1.6 tons.

“We are getting a lot of inquiries about all our products, but the forklift and M1000 are of particular interest because there are not many companies that can supply these kinds of machines,” says the spokesperson.  [Read more…] about Geek Plus Robotics looks set to expand into the multibillion-dollar forklift truck market

Former SAP global vice president joins Geek Plus Robotics to ‘accelerate business growth’

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Artificial intelligence and supply chain automation company Geek Plus Robotics has appointed Michael Hao as executive president.

He will report to Yong Zheng, CEO of Geek Plus, which specialises in warehouse robots.

Hao previously served as SAP’s global Vice President & General Manager of China. He led the high growth of the Chinese business throughout his tenure, as well as the localization and innovation of German Industry 4.0 in China.  [Read more…] about Former SAP global vice president joins Geek Plus Robotics to ‘accelerate business growth’

Geek Plus Robotics raises $150 million in ‘world’s largest Series B financing in logistics robotics’

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Supply chain automation solutions company Geek Plus Robotics has completed a Series B financing round in which it raised a staggering $150 million. 

The company says this is “the world’s largest financing in artificial intelligence-enabled logistics robotics”.

As of the closing of this round of financing, Warburg Pincus has committed a total of approximately $100 million in Geek Plus through a series of investments since 2017, which had also been participated by other existing shareholders including Volcanics Venture and Vertex Ventures.

Founded in 2015, Geek+ is a leading AI a robotics company that integrates robotics, AI, big data, cloud computing, and IoT technologies to provide “intelligent robotics solutions and one-stop supply chain services”.  [Read more…] about Geek Plus Robotics raises $150 million in ‘world’s largest Series B financing in logistics robotics’

Geek Plus launches autonomous forklift and ‘new generation of material handling solutions’ at CIIF

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Supply chain robotics specialist Geek Plus is launching a new generation of material handling solutions at the China International Industry Fair, scheduled for later this month.

The new technologies include an automatic forklift alongside a full-process intralogistics automation solution.

Geek Plus Robotics is one of the leading robotics companies in China, and probably the top company in the warehouse automation space.  [Read more…] about Geek Plus launches autonomous forklift and ‘new generation of material handling solutions’ at CIIF

GreyOrange opens US headquarters in Atlanta and plans to build 20,000 robots

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Warehouse robotics and automation provider GreyOrange is establishing its US headquarters in Atlanta, Georgia.

The company says this will help it to better serve local customers and meet market demands. Approximately 50 new jobs will be created in various departments.

In its first client site in the US, GreyOrange will deploy 740 robots in Atlanta, and create several thousand jobs across this and other initial client sites.  [Read more…] about GreyOrange opens US headquarters in Atlanta and plans to build 20,000 robots

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