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This new milestone comes just 11 months after reaching the industry-first landmark of 1 billion picks in 2022. Locus Robotics, a global leader in autonomous mobile robots (AMRs) for warehouse automation, has announced that its AMR solutions have now picked more than two billion units, reinforcing the company’s position as a premier robotic fulfilment provider for the warehouse and logistics industry. Learn how your comment data is processed.Robotic Fulfilment Provider Doubles Picks in 11 Months 23rd August 2023 “I am very proud BGN Technologies took part in bringing CaPow’s revolutionary technology to the market,” says Zafrir Levi, VP Exact Sciences at BGN, the commercialization arm of the Ben-Gurion University. “We wholeheartedly believe in CaPow’s Perpetual Power solution, and this investment is proof of the company’s superior technology and for the massive potential for disrupting the industry in which it operates”. “We are excited to invest in an exceptional and proven technology, which is a game changer for the entire robotic power landscape.” “At IL Ventures, we align closely with CaPow’s mission of creating a sustainable, battery-free power supply for the industry,” says Yoni Heilbronn, Managing Partner at IL Ventures. The company will use the proceeds from the investment round to expedite business growth in markets around the world.” “We look forward to accelerating our product development to meet strong market demand for our innovative and proven technology. “With the backing of our investors and strategic partners, CaPow is challenging robot manufacturers, automation solution providers, and facility operators to change their definition of operational efficiency”, says Prof. Fishelov served as Chief Architect as well as VP of Strategy and Corporate Development, leading large-scale and complex energy management projects.
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Amir Fishelov joins CaPow’s Board of Directors as Chairman of the Board, leveraging his two decades of experience as Co-Founder of SolarEdge (Nasdaq: SEDG), a pioneer and global leader in smart energy technology. The value of CaPow’s technology further expands to the wider mobility market with a wide range of applications. This provides substantial power levels with optimal end-to-end efficiency. In addition, it supports large distances between the transmitting and receiving ends, as well as wide spatial coverage. It accommodates multiple users, as well as the presence of metal and debris in and around the energy transfer field. Robotics Summit (May 10-11) returns to Boston Register TodayĬaPow’s proprietary solution facilitates optimal power transfer with wide and dynamic capabilities. CaPow’s “battery-free”, paradigm-shifting solution is being well received along the logistics value chain, as it is validated to cut down the size of the required robot fleet, enhance throughput and improve the ROI of automation. By offering consistent power flow for mobile robots, CaPow’s energy delivery eco-system allows automated robotic solutions to continuously operate with no energy depletion downtime while ending the concept of reliance on legacy batteries. Moreover, traditional batteries have a negative environmental impact, as they create safety hazards and are an operational “headache” since they require a dedicated procurement strategy, special shipping, handling, storage and recycling.ĬaPow addresses the primary bottleneck for automation: the challenge of providing reliable, cost-effective, and non-pollutive energy. This dependency leads to several inherent inefficiencies such as charging downtime and rampant costs due to the need for additional robots to replace the ones that are being charged. Today, many automated solutions rely on batteries for power supply. The round was led by IL Ventures, a VC fund focused on disruptive technologies for legacy industries, with co-investment from Mobilion VC, Payton Planar Magnetics, Doral Energy-Tech Ventures, Mobilitech Capital, and Mr. This solution provides continuous power for automated robotic environments while eliminating robot downtime due to charging. Supporting the Growth of AGVs and AMRs in the WarehouseĬaPow, a perpetual power solution provider, announced it raised a $7.5 million Seed round to scale up the commercialization of its battery-free, wireless, energy delivery eco-system for autonomous robotics.