Summary
First half of 2024 saw 20 funding activities occurring in the arena of industrial robotics with a total amount of USD 2.77 billion influx of capital. Virtually all investments took place in three conventional robotic hotbeds: North America, Europe, and Asia-Pacific.
American investors turned out to be prudent but most generous, doling out the largest amount of money to a few selected targets. However, the most active scene was observed in China with a total of 8 funding activities. Strangely, most of the recipients were yet to fully disclose to the public the exact figures they received.
Indutrial Analysis by Regions
Asia Pacific
A closer look at the funding type reveals that AGV/AMR firms in the region are still in an early stage of development. In China, only one company was engaged in a Series C. For the rest, three just convinced their angel investors, while four contributed to a 470 million size of round A.
Meanwhile, start-ups in Singapore and India have garnered increasing attention of investors in recent years. XSQUARE Technologies, a company specialized in warehouse automation, raked in USD 7.8 million in an A round. In the mean time, Indian warehouse robotics firm Accio completed an angel round of USD 1.8 million from Big Capital and Unisync Angels.
North America
All three new investments in the US went to startups in the warehouse and logistics sector, indicating an unsaturated market of warehouse automation in North America. With the rapid growth of e-commerce sure to hold on, more funding activities are likely on the horizon. After all, the national trend of automating logistics is undertaking at a deepr level and wider scale.
Europe
The six funding activities on the continent indicated that Europe is venturing deeper in the territory of industrial automation. Firstly, it was noteworthy that free capitals had gone to pioneers attempting to merge artificial intellience with robotic technologies. Further, emerging technologies like AI appear to be a new driver to robotic development in Europe. Under such backdrop, capitalists are tuning up their responsiveness to the progress of innovations in the tech field.
