Fulfillment warehouse robots are having a moment as online shopping continues to increase during the pandemic. The hot market for autonomous fulfillment solutions has helped Locus Robotics, which makes autonomous mobile robots for use in fulfillment warehouses, raise an additional $40 million during a successful Series D this week.
“Automation has proven to be a critical solution for retail and third-party logistics businesses during this challenging time,” says Tony Palcheck, Senior Director, Zebra Ventures, which led Locus’ Series D. “As the retail industry continues to shift to e-commerce, Locus Robotics’ warehouse automation will help businesses meet the demands of this ‘new normal,’ ensuring that customers can increase operational efficiency to meet requirements for fast, accurate delivery.”
Locus Robotics makes autonomous mobile robots that operate collaboratively with human workers to improve piece-handling productivity as much as 2X-3X, with less labor compared to traditional picking systems. The robots are aimed at helping 3PLs and specialty warehouses efficiently meet the increasingly complex and demanding requirements of fulfillment environments, which now include social distancing restrictions — something robots don’t have to worry about.
“We have recently seen a dramatic disruption of retail with e-commerce growth as high as 400% year-over-year in some categories. And others were severely limited as the bulk of their inventory was in stores that they could not get into due to lockdowns. It’s critical that retailers are prepared for direct fulfillment from the warehouse,” said Greg Buzek, President of IHL Group. “This announcement underscores the need for companies to prepare for today’s new labor challenges that will be impacted by the significant volume increases that are already occurring. Companies investing now in warehouse automation, particularly AMRs, will be better positioned for success in the post-pandemic economy as they can support sales from any channel.”