Accerion this week announced the closing of its Series A funding round. Touting exponential growth in revenue and order flow and a customer base spanning Europe, the United States, China and India for its Jupiter and Triton solutions, the Venlo-based tech startup has now received the backing of Phoenix Contact Innovation Ventures, out of Blomberg, Germany, as well as the economic development agency for Limburg, LIOF.
Accerion is the developer of 100-percent infrastructure-free positioning technology for mobile robots (link in Dutch). Utilizing its own intelligent algorithms along with advanced camera technology for optical positioning and navigation, the technology is designed for autonomous guided vehicles (AGVs). This innovative solution can both map the floor as a directional reference, as well as collaborate with other vehicles, allowing for the effective and accurate navigation of mobile robotics and autonomous vehicles without the need for costly and inflexible infrastructure.
Though the final numbers have not been disclosed, this investment comes at a pivotal time, as the global market for mobile robots is forecasted to grow by more than 10 billion euros by 2025. With this new injection of capital, Accerion plans to scale up production and nearly double the size of its team, as they compete for a larger share in the global logistics, warehousing and fulfillment market.
“AGVs and mobile robots are key enablers for full automation in manufacturing and logistics,” said Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures. He continued: “The reduction of manual material handling in production lines is a main goal within the manufacturing industry, but this can only be partly addressed by existing technologies. Accerion’s technology allows AGVs and mobile robots to really navigate infrastructure-free.”