Kiwibot Receives $10M in Funding to Scale Robotic FleetKiwibot 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
February 24, 2023
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.
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