Kiwibot Receives $10M in Funding to Scale Robotic Fleet

The funding will be used to scale manufacturing of its robotic delivery service to meet demand worldwide

Scarlett Evans, Assistant Editor, IoT World Today

February 24, 2023

1 Min Read

Kiwibot has entered a $10 million financing partnership with Kineo Finance to scale the manufacturing and deployment of its robotic delivery service.

The partnership marks Kineo’s first investment into the delivery-as-a-service (DaaS) industry

Kiwibot’s fleet of zero-emission delivery robots use GPS, an array of camera sensors and AI to generate routes, avoid obstacles and autonomously navigate toward a location.

“This partnership will take our operations to the next level: we’ll be closer to becoming the standard solution for smart cities that leverage sustainable technology to enhance people’s quality of life,” said Felipe Chávez, Kiwibot’s CEO. “We’re pleased to be backed by companies who believe in building accessible and convenient robotics services. We envision a world where technology, logistics, and delivery are available for everyone.”

“Kiwibot’s solution is in high demand in the U.S. and has become indispensable for people leading fast-paced lives,” said Charles Sellman, Kineo president. “This partnership is the financial push they need to propel their startup into wider markets.”

Founded in 2017, Kiwibot has built more than 400 robots. Initially trialed at the University of California-Berkeley, the company now has robotic fleets rolled out at 27 U.S. college campuses, including the University of North Dakota and Loyola Marymount University, as well as 41 cities worldwide. 

About the Author(s)

Scarlett Evans

Assistant Editor, IoT World Today

Scarlett Evans is the assistant editor for IoT World Today, with a particular focus on robotics and smart city technologies. Scarlett has previous experience in minerals and resources with Mine Australia, Mine Technology and Power Technology. She joined Informa in April 2022.

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