Found in Robotics News & Content, with a score of 8.67
November 29, 2021
…for agriculture, construction, facilities management, and landscaping. The Shenzhen, China-based company, also known as Fengjiangzhineng Co., said it plans to use the funding to grow its product suite and to support customers worldwide. “If you look at how robotic technology is being applied, there are a lot of companies using drones and autonomous vehicles,” said Wu Di, founder and CEO of FJ Dynamics. “But the majority of people on earth aren’t benefiting from it.” “Agriculture, construction, gardening ... work conditions in these sectors are physically demanding, and there are still a lot of us doing this kind of job,” he…
Found in Robotics News & Content, with a score of 4.70
November 27, 2021
…needs and exact specifications of our customers in Mainland China, Japan, Spain, Hong Kong, Taiwan, and Southeast Asia with ample stock, allowing us to outmaneuver our competition on speed and out-compete on price,” said the company. Sineurope needed to improve its space usage and energy consumption at its -20°C (-4°F) cold storage warehouse in Tuas Bay Walk, Singapore. It turned to Körber Supply Chain, a unit of global technology specialist Körber. Sineurope invests in ASRS for worker safety “With business running at full capacity, coupled with the disruption of the global logistics services, we have had to arrange expensive external…
Found in Robotics News & Content, with a score of 4.17
November 26, 2021
…involving positioning, robot control, and warehouse management. The Shenzhen, China-based company has subsidiaries in Hong Kong, Japan, Singapore, the U.S., and the Netherlands. HAI Robotics claimed that its award-winning HAIPICK autonomous case-handling robot (ACR) system for warehouse logistics, independently developed in 2015, is the first of its kind. The company has raised more than $200 million in its Series C and D rounds this year. Accelerating demand causes cross-border crunch Demand for global warehousing services has dramatically surged with e-commerce growth in the past few years, said HAI Robotics. In 2020, Chinese cross-border trade volume amounted to RMB1.69 trillion ($260…
Found in Robotics News & Content, with a score of 12.48
November 16, 2021
…it is now operating fully driverless robotic taxicabs in China's largest service area across 65 sq. mi. (168 sq. km.) in its home city of Shenzhen. The company claimed that its vehicles can navigate all of the public roads in the Pingshan District, making it the first to cover an entire district in a major Chinese city. Dr. Jianxiong Xiao (a.k.a. “Professor X”), who has experience from MIT and Princeton, founded AutoX in 2016. The company has been developing SAE Level 4 autonomous vehicles to handle the most challenging and dynamic traffic scenarios in urban centers around the world. It…
Found in Robotics News & Content, with a score of 4.99
November 15, 2021
…offices in Germany, the U.K., the U.S., Japan, and China. Southeast Asian e-commerce grows Southeast Asia has experienced rapid growth in e-commerce, according to Geek+. Many businesses are now setting up headquarters in Singapore to access global connectivity, advanced infrastructure, and the abundance of logistics companies active in the region, it added. With the launch of its new office, Geek+ plans to enhance its service capabilities by tripling the number of employees based in Singapore. This will enable the robot vendor to boost sales operations, product development, project management, onsite implementation, technical services, and system maintenance. “Geek+ has over 15…
Found in Robotics News & Content, with a score of 5.08
November 09, 2021
…of 1,000 vehicles from Plus, which operates largely in China and has Chinese shareholders, could provoke an investigation by the Committee on Foreign Investment in the U.S. Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the merger agreement. Plus remains part of autonomous truck popularity The merger would have yielded about $500 million in gross proceeds at closing, bringing Plus' valuation to approximately $3.3 billion. The company had previously raised $420 million in February. Other significant transactions involving autonomous trucks this year include TuSimple's $1 billion IPO…
Found in Robotics News & Content, with a score of 4.27
November 05, 2021
…chain automation through robotics and artificial intelligence. The Shenzhen, China-based company recently raised $200 million in Series C and D funding. It also won the robotics category in the 2021 NextGen Supply Chain Solution Provider Awards, presented by Supply Chain Management Review, a sibling site to Robotics 24/7. Cranfield, U.K.-based Invar Group said it delivers turnkey warehouse automation using industrial robotics, autonomous mobile robots (AMRs) and goods-to-person systems, pick-to-light technology, and sortation systems, as well as conventional automation. The group includes Invar Systems, a developer of warehouse management systems (WMSes). It also includes Invar Integration (Greenstone Systems), which specializes in…
Found in Robotics News & Content, with a score of 4.30
November 04, 2021
…Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Level 5 San Francisco 550 Acquisition 4/26/2021 The global market for autonomous vehicles will experience a compound annual growth rate (CAGR) of 14%, growing from $719.94 billion in 2020 to $1.3 trillion in 2025, according to Research and Markets. Facts and Factors forecast a 22% CAGR for the self-driving car market, from $23 billion in 2020 to $64.88 billion by 2026, showing the wide range of estimates. IMARC Group was more bullish, predicting a CAGR of 28% between 2021…
Found in Robotics News & Content, with a score of 12.48
October 29, 2021
…with Neolix to test an autonomous delivery vehicle in China. FedEx said it is the first time in its operations that it has partnered with a local Chinese technology company to test the use of a driverless vehicle. “FedEx Express is committed to developing and leveraging technologies that will help transform the logistics industry, enhance [the] customer experience, and reduce the environmental impact of our business operations,” said Eddy Chan, senior vice president and president of FedEx China. “The rapid growth of e-commerce requires more flexible and efficient digital logistics solutions to solve the ‘last-mile’ delivery challenges,” he said. “Our…
Found in Robotics News & Content, with a score of 11.96
October 28, 2021
…year, with 383,500 units shipped globally. The growth in China offset the contractions of other markets, said the IFR. The past year was the third most successful year in history for the robotics industry, following 2018 and 2017. Annual turnover of robots was more than $50 billion last year, including software and peripherals but not autonomous vehicles, drones, or business-process automation, said Milton Guerry, president of the IFR and president of Schunk USA. China remains the largest market for robotics, and South Korea has the highest robot density, or number of robots per 10,000 human workers, according to the IFR.…
Found in Robotics Companies & Businesses, with a score of 19.25
October 21, 2021
…said HAI Robotics. It has a yearly turnout of 10,000 robots with a 18,000 sq. m factory in Dongguan, China. Founded in 2016 with headquarters in Shenzhen, China, HAI Robotics has subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S., and the Netherlands, serving customers from more than 30 countries and regions. It now has over 1,000 staffers, more than 50% of whom are engineers. The company has acquired more than 600 global patents for core intellectual properties involving positioning, robot control and warehouse management.
Found in Robotics News & Content, with a score of 10.29
October 21, 2021
…Review, a sibling site to Robotics 24/7. The Shenzhen, China-based company provides autonomous case-handling robotics (ACR) for warehouses. Founded in 2016, HAI Robotics has set up five subsidiaries in Hong Kong, Japan, Singapore, the U.S., and the Netherlands, serving customers from more than 30 countries and regions. The company said it has over 1,000 staffers, more than 50% of whom are engineers. HAI Robotics added that it has acquired more than 600 global patents for core intellectual properties involving positioning, robot control, and warehouse management. The company said its HAIPICK ACR system, independently developed in 2015, is the world's first…
