August 2, 2022
Ottonomy.io has announced closing a seed funding round of $3.3 million, bringing its total funding to date to $4.9 million. The company also announced Ottobot 2.0, the newest version of its fully autonomous mobile robot for retail and restaurant deliveries.
Earlier this year, the company’s Ottobots began deliveries of food, beverage and travel retail items at airports. The new version evolved from early pilots to include fully customizable modular cabins, increased access for customers and directional mobility, including crab mode.
“Last mile delivery is the least productive, yet the most expensive part of the delivery chain. There is a strong need for automation, which Ottonomy fulfills with Ottobots,” said Roopan Aulakh, managing director at Pi Ventures, which led the funding round. “Ottobots are equipped with a sophisticated tech stack both at hardware and AI level. The founding team here brings years of multifunctional robotics experience, reflecting in the world-class product that they have built and commercialized.”
In addition to Pi Ventures, investors Connetic Ventures, Branded Hospitality vendors and the founder and CEO of Addverb Technologies, Sangeet Kumar, joined the funding round.
“The team and I have been deeply vested into autonomous driving for more than a decade,” said Ritukar Vijay, CEO and co-founder of Ottonomy. “We believe fully autonomous delivery robots are not only a precursor to autonomous vehicle proliferation but are solving today’s biggest challenges like the labor shortage; enabling staff to do more with less. Introducing Ottobot 2.0, we are bringing best-in-class maneuverability, accessibility and modularity to our fully autonomous robots; which sets us ahead of our competition.”
The company said it has received customer validation and positive response from customers at Cincinnati International Airport, and has begin partnerships with multiple airports across the U.S. and Europe. In addition, the company said it is working with top Fortune 500 companies in the retail and restaurant industry across North America. It also completed pilots at the Newlab 5G Studio in New York using Verizon’s 5G network, and is able to deploy large fleets and increase its footprint across North America, Europe, and the Middle East.
For more details on the company, visit the Ottonomy website here.