Exotec raises US$ 335 million to double in 12 months

Featured image of the article Exotec raises US$ 335 million to double in 12 months
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20 January 2022 à 16h35

Updated on 21 January 2022 à 16h24

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Publication: 20 January 2022 à 16h35, Updated on 21 January 2022 à 16h24

Reading time: 1 minute

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Publication

20 January 2022 à 16h35

Updated on 21 January 2022 à 16h24

Reading time

1 minute

Publication: 20 January 2022 à 16h35, Updated on 21 January 2022 à 16h24

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Robotics is gaining momentum in retail. The manufacturer of automation solutions for warehouses Exotec (300 employees, €100 million turnover expected in 2021) has raised US$335 million from Goldman Sachs and valued at more than US$2 billion.

The Skypods robots (2,500 have been sold since 2016, when Exotec was founded) enable robotised and automatic order picking (especially fresh produce). The machines move totes of up to 30 kilos at a rate of up to 2,800 order lines per ho

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