Robotic last mile delivery service Kiwibot has announced its partnership with kineo finance, raising $10 million to expand its robotic delivery-as-a-service (DaaS) offering.
It is hoped that this partnership will accelerate Kiwibot’s growth in the DaaS industry. The funding will help Kiwibot with its manufacturing and scaling needs, assisting the company in growing its robotic fleet.
Felipe Chávez, co-founder and Chief Executive of Kiwibot, said: “This partnership will take our operations to the next level. We’ll be closer to becoming the standard solution for smart cities that leverage sustainable technology to enhance people’s quality of life.
“We envision a world where technology, logistics and delivery are available for everyone. Kiwibot’s near future looks bright, and we are ready to offer our exceptional delivery services globally.”
The company’s service is currently available through apps like Grubhub and Sodexo’s Everyday. Its robots complete deliveries by using GPS technology, advanced camera sensors, and artificial intelligence (AI).
Kiwibot says that its service ‘reduces food delivery costs by up to 65%’.
Charles Sellman, President of kineo Finance, added: “Kiwibot’s solution is in high demand in the US and has become indispensable for people leading fast-paced lives. This partnership is the financial push they need to propel their startup into wider markets.
“Kiwibot’s growth in the DaaS sector meant it was a logical choice for us to support its robotic deliveries helping businesses today—and for the future.”