Embotech (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- December 12, 2024
- Vertical
- Autonomous Driving Solutions
- Funding URL
- View Funding Page
- Funding Amount:
- $27,000,000
Company Info
- Traction
- Embotech has secured multi-year contracts with BMW for its AVM solution in six factories and is set to deploy 30 ATT units in the port of Rotterdam. The AVM system is already operational in BMW's Dingolfing and Leipzig plants, with plans for Spartanburg, South Carolina by the end of 2025.
- Organizations Involved
- BMW
- Company Description
- Embotech is an IT consulting firm that provides autonomous driving solutions for industrial logistics applications.
- Market
- Logistics
- Location
- Zurich, Switzerland
- Coinvestors
- Emerald Technology Ventures, Yttrium, BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC