In a month, the startup received a total of almost $100 million in investments.
One of the world’s largest manufacturers of delivery robots has raised money from investment firms NordicNinja, Taavet + Sten, TDK Ventures and Goodyear, writes TechCrunch. The company does not disclose the terms of the deal and the valuation.
Starship Technologies will spend the money to expand in Europe and the US and invest in “new initiatives”. One of the ideas the company is working on is a delivery robots that can move not along the sidewalk (like existing models), but along the road.
At the end of January 2022, the startup raised €50 million from the European Investment Bank (an institution of the European Union). The total investment since its founding in 2014, according to Crunchbase, is $ 197.7 million. The company’s development center is located in Estonia, headquartered in the United States.
According to its own data, for all the time Starship Technologies has completed more than 3 million deliveries, among the partners are Co-op stores, Tesco and other university campuses. Thanks to scale, the average shipping cost is now “lower than the human equivalent,” the paper writes.