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Embotech Receives CHF 23.5 M in Funding to Expand Autonomous Driving Solutions for Logistics

Dec 12, 2024•over 1 year ago

Contract Type

partnership

ZurichConsultingLogistics

Description

Embotech has received 23.5 million CHF in Series B funding to help the company scale its Automated Vehicle Marshalling (AVM) and Autonomous Terminal Tractor (ATT) solutions in Europe, and ultimately in the United States, Middle East, and Asia. The funding round is led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC and existing investors.

Company Information

Company

Embotech

Location

Zurich, Zurich, Switzerland

About

Embotech is an award-winning provider of cutting-edge autonomous driving solutions for logistics, with a focus on Automated Vehicle Marshalling (AVM) in passenger car factories and Autonomous Terminal Tractors (ATT) at port terminals and logistic centers. The company delivers safe and reliable autonomous transportation by leveraging the real-time optimization technology it has been developing since 2013.

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