Chinese robots will soon be seen in a number of warehouse floors in North America. Geek +, A well-funded Chinese robotics company specializing in logistics automation for factories, warehouses, and supply chains continues to expand in North America after entering into a strategic partnership with Conveyco, a system integrator for order fulfillment and distribution centers with offices across the continent.
Geek + uses an enormous opportunity to replace repetitive warehouse work with unmanned robots. This demand has increased during the Corona virus outbreak as logistics services around the world face labor shortages, respond to an increase in e-commerce sales, and adopt disease prevention methods.
The partnership brings Geek + Autonomous Mobile Robots [ARMs] to Conveyco's customers in retail, e-commerce, omnichannel and logistics across North America. The agreement will significantly boost Geek's overseas sales and help Conveyco "improve efficiency, provide flexibility, and reduce costs associated with warehousing and logistics operations in various industries," the partners said in a statement.
Beijing-based Geek + currently operates 10,000 robots worldwide and employs around 800 people with offices in China, Germany, the United Kingdom, the United States, Japan, Hong Kong and Singapore. His customers include Nike, Decathlon, Walmart and Dell.
Since its inception in 2015, the company has raised approximately $ 390 million in five rounds of funding. according to public data from Crunchbase, including a colossal $ 150 million round in 2018, which it claims was the largest round of funding ever for a logistics robotics startup. Warburg Pincus counts, Vertex Ventures and GGV Capital under his list of investors.