April 29, 2022
RISE Robotics has announced it received a $1.7 million Tactical Funding Increase (TACFI) by AFVentures to modernize U.S. Air Force Ground Support Equipment. This includes zero-emission machines through its fluid-free, electromechanical alternative to hydraulic cylinders.
The TACFI (administered as a Small Business Innovation Research Phase II award) will contribute to modernizing a critical piece of handling equipment for aircraft munitions, the MHU-083 Jammer, an essential enabling component for the Air Force to demonstrate strategic deterrence and global reach. The company’s patented RISE technology helps address the battery-electrification problems inherent in hydraulic systems by delivering hydraulic-like forces at unprecedented efficiency, precision, speed, and weight, the company said. RISE Cylinder uses up to 90% less energy than hydraulic cylinders.
“We are honored to bring RISE machine technology to United States Air Force warfighters to modernize the equipment they use to be more available, more efficient, more productive an safe,” said Arron Acosta, CEO of RISE Robotics. “It is estimated that there are over 2,000 Jammers in service today, which illustrates how important this is to Air Force operations and how significant the business opportunity is for RISE Robotics.”
The company was founded in 2011 by graduates of Massachusetts Institute of Technology (MIT) and Rhode Island School of Design ( RISD), and is funded by The Engine, a Tough Tech venture capital fund built by MIT, Greentown Labs, and Techstars.
For more details on the RISE Robotics technology, visit its website here.