New Delhi: Munich-based know-how firm Agile Robots AG is becoming a member of idealworks, a subsidiary of the BMW Group based on the finish of 2020, as a strategic investor.
As a deep tech firm, idealworks is considerably selling industrial automation in manufacturing and logistics by creating a robotics ecosystem. The idealworks portfolio consists of the clever automation platform AnyFleet, the autonomous cell robotic (AMR) iw.hub and the cell robotics working system iw.os.
Agile Robots AG, a spin-off of the German Aerospace Heart (DLR), which produces robotic-based options for the automotive and client digital industries.
With Agile Robots AG, the BMW Group features a powerful strategic associate for idealworks. The funding made inside a Sequence A financing spherical confirms the belief of each shareholders and allows idealworks to increase its product portfolio. Along with persevering with current collaborations with main know-how corporations akin to NVIDIA Company, Microsoft Company and ADLINK Expertise Inc., the funding allows the joint growth of latest options and applied sciences in addition to entry to additional branches and markets, the corporate stated in a press launch.
As future strategic companions, idealworks and Agile Robots AG complement one another each of their trade experience and of their vary of options.
Michael Nikolaides, Head of Manufacturing Community and Logistics on the BMW Group, stated, “Since 2020, over 600 iw.hubs have already been efficiently carried out within the BMW Group’s intralogistics work processes. A proof level for the digitalization and technological growth inside the BMW iFactory. Along with Agile Robots AG, idealworks will additional increase its robotics ecosystem to advertise new and progressive options within the area of commercial automation — each within the software program and {hardware} sectors.”
Zhaopeng Chen, CEO of Agile Robots AG, added, “Along with our frequent origin in Munich, the clever mixture of software program and {hardware} gives the premise for serving our prospects internationally with the fitting automation answer. We are going to mix German innovation and engineering experience with the velocity, world attain, and entrepreneurial imaginative and prescient that each corporations have already demonstrated previously.”
The cooperation gives each companions in depth progress potential: Agile Robots AG is lively in main areas of the world and, along with its experience in robotics and synthetic intelligence, contributes to its world community. idealworks brings within the BMW Group as considered one of its largest prospects and its industrial know-how. Following the primary efficiently accomplished buyer tasks within the USA, idealworks’ world enterprise will increase to the Asia-Pacific area as early as subsequent 12 months, the corporate stated.
The transaction is topic to prior approval by the related authorities. Either side have agreed to not disclose the phrases and situations.
