<div>
  <ul>
    <li>
      <p>
        Boxbot, a startup previously focused on 
        <a href="https://sp-edge.com/industry/1">
          autonomous last-mile delivery,
        </a>
         has pivoted to developing warehouse solutions, particularly a space-efficient three-dimensional conveyor system for parcels. Today, the company also announced a USD 12 million Series A funding round led by Playground Global, with participation from Maersk Growth, Toyota Ventures, Pear Ventures, and Artiman Ventures. This brings Boxbot's total funding to USD 29.5 million.
      </p>
    </li>
    <li>
      <p>
        The company intends to utilize the funds to strengthen the company's engineering and business operations and to accelerate its go-to-market approach.
      </p>
    </li>
    <li>
      <p>
        Boxbot is currently in discussions with partners and has identified several sites for testing its warehouse automation technology. The company has conducted pilot tests in various use cases and notes the technology can be deployed at last-mile delivery centers, bonded storage warehouses, and customer pickup locations.
      </p>
    </li>
    <li>
      <p>
        Boxbot converts conveyors into intelligent, three-dimensional package handling systems. Its platform can store, sort, and sequence high-throughput payloads while requiring minimal physical space. The company aims to drive down the costs of last-mile delivery through warehouse automation, optimizing routing and enabling sustained volume growth.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20230918812917/en/Boxbot-Raises-12M-Series-A-Led-by-Playground-Global-to-Help-Last-Mile-Carriers-Increase-Productivity-at-Significantly-Lower-Cost/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2023/09/18/boxbot-pivots-for-last-mile-trucks-to-robotical-parcel-storage/">
      TechCrunch
    </a>
  </p>
  <p>
  </p>
</div>


Logistics Tech

Boxbot, a startup that initially focused on autonomous last-mile delivery, has raised $12 million in a Series A funding round. The funding was led by Playground Global, with participation from Maersk Growth, Toyota Ventures, Pear Ventures, and Artiman Ventures, bringing Boxbot's total funding to $29.5 million. The company has pivoted to developing a space-efficient three-dimensional conveyor system for parcels in warehouses. Boxbot plans to use the funds to strengthen its engineering and business operations and accelerate its go-to-market strategy. The company is currently discussing partnerships and testing its warehouse automation technology in various use cases. Its goal is to reduce the costs of last-mile delivery through automation and optimize routing.

Boxbot raises USD 12 million in Series A funding; pivots from ADVs to automating warehouses

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

Robotics startup, Boxbot, has pivoted to focus on developing warehouse solutions, including a space-efficient three-dimensional conveyor system for parcels. The company has announced a Series A funding round of $12 million, led by Playground Global, with participation from Maersk Growth, Toyota Ventures, Pear Ventures, and Artiman Ventures. This brings Boxbot's total funding to $29.5 million. The funds will be used to strengthen the company's engineering and business operations, as well as accelerate its go-to-market strategy. Boxbot is currently in talks with partners and has identified several sites for testing its warehouse automation technology. The company's platform aims to drive down last-mile delivery costs through optimised routing and sustained volume growth.

All Updates

Boxbot raises USD 12 million in Series A funding; pivots from ADVs to automating warehouses

Boxbot raises USD 12 million in Series A funding; pivots from ADVs to automating warehouses