RobCo’s robots are designed to be more affordable and flexible than the complex systems used by larger factories. The company offers robotic modules that can handle common factory tasks like loading material into machines, offloading finished parts, and organizing pallets. The company also offers its robots as a service, at prices ranging from $2,000 to $4,000 per month, less than the cost of a machine operator’s monthly shift. About 70% of RobCo’s customers are deploying robots for the first time.
Key takeaways:
- RobCo, a Munich-based startup, designs low-cost, modular robots for small- and medium-sized factories, a market that has lagged behind larger factories in automation.
- The company, founded in 2020, has raised $43 million in a funding round led by Lightspeed Venture Partners, bringing its total investment to $61 million and its valuation to roughly $200 million.
- RobCo's robots are different from the complex, custom-built systems used by larger factories. They offer more flexibility, allowing them to shift from one task to another, making them ideal for smaller manufacturers.
- RobCo offers its robots as a service, at prices ranging from $2,000 to $4,000 per month, less than the cost of a machine operator’s monthly shift. Approximately 70% of RobCo’s customers are deploying robots for the first time.