Robotics & Automation News

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Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

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Volvo Group and Daimler Trucks have entered into a joint venture to develop, produce and commercialize hydrogen fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

Volvo will acquire 50 percent of the partnership interests in Daimler Truck Fuel Cell for approximately €600 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021. [Read more…] about Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

Bobacino launches robotic tea bar

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A startup company called Bobacino has launched its automated Boba Tea Bar, which uses a robotic arm to make beverages for customers. (See video below.)

Bobacino says it is bringing the “unique boba tea experience” to a growing audience of boba aficionados and new enthusiasts through advanced artificial intelligence, automation and robotics.

The company has launched on StartEngine, a crowdfunding platform, to target a market that it forecasts is set to hit $8.4 billion by 2024. [Read more…] about Bobacino launches robotic tea bar

HRG Robotics holds its first startup competition

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HRG Robotics has held its first startup competition, attracting more than 50 investment and technology companies and organisations.

The company says it wants to provide a platform to support innovation and startups.

HRG says startup competitions help connect companies of “great potential” within HRG system with top venture capitalists. [Read more…] about HRG Robotics holds its first startup competition

Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

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Entrepreneurs have invested more money in robotics than all other sectors combined, according to a new report by Silicon Valley Bank.

In a report called The Future of Robotics, SVB says: “Investment in robotics has significantly outpaced the rest of venture (financing), making robotics one of the hottest sectors of the decade.”

SVB’s data shows that robotics venture capital funding represented 55 percent of all venture financing (see bar chart below). [Read more…] about Robotics one of the hottest investment sectors of the decade, says Silicon Valley Bank report

Volkswagen invests €450 million in battery manufacturing joint venture with Northvolt

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Volkswagen is to construct buildings and infrastructure for the battery cell factory it has agreed to build with Northvolt. The automotive giant has made initial investment of some €450 million.

The joint venture between Volkswagen Group and the Swedish battery producer Northvolt is gaining further momentum.

It has been decided that Volkswagen itself will erect the buildings and infrastructure for the joint venture’s “Northvolt Zwei” factory that is to produce lithium-ion battery cells, in order to leverage synergies at the Salzgitter site – based on the existing Center of Excellence for Battery Cells. [Read more…] about Volkswagen invests €450 million in battery manufacturing joint venture with Northvolt

Volvo and Daimler to begin ‘large-scale production’ of hydrogen fuel cells

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Volvo and Daimler are to begin “large-scale production” of hydrogen fuel cells.

The companies say this enable them to “lead the development of sustainable transportation”.

Sharing the Green Deal vision of sustainable transport and a carbon neutral Europe by 2050, two leading companies in the commercial vehicle industry – Daimler Truck and the Volvo Group – have signed a preliminary non-binding agreement to establish a new joint venture. [Read more…] about Volvo and Daimler to begin ‘large-scale production’ of hydrogen fuel cells

Severstal invests in robotics to automate advanced composites manufacturing with Airborne

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Severstal, one of the world’s largest vertically integrated steel and mining companies, has invested in Dutch company Airborne, a developer of robotic and digital automation platforms for the production of composite parts and products with integrated composites.

Severstal joins other investors in this investment round, including Pangaea Ventures, the leading advanced materials venture capital fund, and SABIC, the world’s third largest diversified chemical company.

Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the production process. [Read more…] about Severstal invests in robotics to automate advanced composites manufacturing with Airborne

Volvo invests in autonomous car software developer Apex

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Volvo Group Venture Capital has invested in Apex.AI, a developer of software for autonomous cars and mobility.

Volvo says the investment will fund the development of a “safety-certified software framework for autonomous systems”.

Apex, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of Robot Operating System, an established open source software framework commonly used in robotics and autonomous systems research. [Read more…] about Volvo invests in autonomous car software developer Apex

GM and LG agree $2.3 billion partnership to mass-produce car battery cells

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General Motors and LG Chem have agreed a partnership to mass-produce battery cells for future electric vehicles.

Together, the companies will invest up to a total of $2.3 billion through a new, equally owned joint venture company.

The joint venture will establish a battery cell assembly plant on a greenfield manufacturing site in the Lordstown area of Northeast Ohio that will create more than 1,100 new jobs. [Read more…] about GM and LG agree $2.3 billion partnership to mass-produce car battery cells

Hyundai and Aptiv form autonomous driving joint venture

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Hyundai Motor Group and Aptiv are forming an autonomous driving joint venture.

The companies say the partnership “brings together one of the industry’s most innovative vehicle technology providers and one of the world’s largest vehicle manufacturers”.

The joint venture will advance the design, development and commercialization of SAE Level 4 and 5 autonomous technologies, furthering the partners’ leadership position in the global autonomous driving ecosystem. [Read more…] about Hyundai and Aptiv form autonomous driving joint venture

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