LexxPluss expands into US with its warehouse robots

News Summary

  • It wants to use its existing clients’ relationships to enter the U.S. market, the largest autonomous mobile robots market, which was already $762 million in 2021 and is expected to grow to $3.2 billion by 2028, accounting for about 40% of the global market size.
  • “Their technical strength, combined with insight from decades of industry experience, will help them crack the U.S. market where seamless integration is key.” Starship Technologies raises another $42M to fuel the growth of its fleet of self-driving delivery robotsLocus raises another $117M for its warehouse robots
  • Our approach is to maximize product transparency and make collaboration much easier.”The startup launched its sale strategy last year and now has seven clients and 32 partners, which are part of an open industrial robotic program that it launched last June.
  • “The program is to accelerate collaboration with industrial robotics companies by disclosing most of our technical information, such as 3D CAD design, Electrical Design, embedded software, manufacturing process documents, deployment tools, maintenance documents, APIs, and so on,” Aso told TechCrunch.
  • Recent research forecasts that the autonomous mobile robots market is projected to reach $8.70 billion by 2028, up from $1.97 billion in 2021.
  • Drone Fund led the latest financing along with SOSV’s HAX, Incubate Fund, SBI investment and DBJ Capital.LexxPlus initially targeted the logistics and automotive manufacturing spaces because those spaces are actively deploying robots beyond their production lines.
When Masaya Aso worked on autonomous driving technology at Bosch in Japan and Germany, he realized that many tasks were still manual as over 85% of warehouses have almost no automation at all.To [+3762 chars]