Ecorobotix, a Switzerland-based startup manufacturing AI-based precision farming robots with a low environmental impact, has raised CHF 46 million (~USD 52 million) in funding. The capital raise included CHF 43.1 million (~USD 48.3 million) of new equity, jointly led by AQTON Private Equity GmbH and Cibus Capital LLP, with participation from new investors Swisscanto Invest/Swisscanto Growth Fund I, Yara Growth Ventures, Flexstone Partners, and existing investors including Swisscom Ventures. The remaining CHF 3 million (~USD 3.4 million) came from new financing facilities from the FOEN Swiss Technology Fund. Ecorobotix worked with UBS Growth Advisory and Oaklins France as advisors for the financing.

The company plans to use the funding to support its expansion into new and existing markets, leverage the commercial success of ARA (the company’s high-precision spraying robot) in Europe, and accelerate the development of new products.

Analyst QuickTake: Ecorobotix has been expanding its market reach and adding new distributors in key European countries like Germany, France, Italy, the Netherlands, Belgium, and the Czech Republic. It previously raised USD 14.7 million in Series C funding in June 2021 to expand across Europe, accelerate production of its ARA plant protection spraying machine, and further develop autonomous spraying solutions. The company also secured a loan guarantee from Switzerland’s FOEN Technology Fund in November 2022 to support its expansion plans.