Mobile Robot Guide

  • Home
  • News
  • Systems / Platforms
    • Autonomous Mobile Robots (AMRs)
    • Automatic Guided Vehicles (AGVs)
    • Autonomous Forklifts
    • Drones / UAVs
    • Other Systems / Platforms
  • Markets / Industries
    • Agriculture
    • Construction & Mining
    • Consumer / Office
    • Defense / Security / Public Safety
    • Education / Research
    • Healthcare / Medical
    • Hospitality / Travel
    • Logistics / Warehouse / Transportation
    • Manufacturing
    • Retail / Wholesale
    • Energy / Utilities
    • Other
  • Applications
    • Move
      • Delivery
      • Intralogistics
    • Perform
      • Disinfecting
      • Telepresence
      • Manipulating
      • Vacuuming
      • Washing
    • Sense
      • Inspection
      • Search
      • Surveillance
      • Surveying
      • Mapping
      • Exploration
    • Other Applications
      • Development
      • Research
  • Resources
    • AMR Glossary
    • FAQ
    • Case Study
    • Find a Vendor
    • What is Robots as a Service
    • Mobile Robot Standards
    • Websites
      • The Robot Report
      • Robotics Business Review
      • Collaborative Robotics Trends
    • Webinars and Digital Events
    • Publications
      • Robotic Solutions for COVID-19
    • Newsletter
  • Events
    • 2021 Robotics Weeks
    • Robotics Summit & Expo
    • RoboBusiness Direct
    • Field Robotics Forum
    • 2022 RBR50 Awards
    • R&D 100
  • Podcast
    • Podcast Archives

OTTO Motors is going global with $29M series C investment

By Mike Oitzman | June 1, 2020

​OTTO Motors, a division of Clearpath Robotics, today announced it has closed $29 million (USD) in Series C funding for the continued expansion of its autonomous mobile robot (AMR) platform. The investment, which follows years of rapid growth, was led by Kensington Private Equity Fund with participation from BMO Capital Partners, Export Development Canada (EDC), and previous investors iNovia Capital and RRE Ventures. 

With the additional funding, OTTO Motors has plans to expand its global network of partners reach beyond North America with its line of primarily warehouse and logistics AMRs. OTTO has been in business since 2015 and was created to commercialize Clearpath’s AMR technology for the manufacturing, warehousing and logistics markets.

The series C funding of $29M brings the total investment for OTTO Motors to $​83M (Crunchbase).

“Mobile robots are no longer a luxury in the workplace; they are a necessity,” said Clearpath CEO and co-founder Matthew Rendall. “In a post-COVID world, AMRs enhance worker safety and bring resiliency to supply chains. As enterprises adapt, AMR demand will accelerate globally. This investment will enable us to grow to meet the evolving needs of the factories and warehouses of the future anywhere in the world.”

OTTO Motors lined up in a warehouse

OTTO Motors lined up in a warehouse (image courtesy of OTTO Motors)

“Clearpath and its OTTO autonomous mobile robots have been on our radar for some time. We see strong trends favoring the acceleration of industrial automation generally, with Clearpath positioned very strongly to benefit from this rapidly growing sector,” said Rick Nathan, senior managing director at Kensington. “OTTO’s technology leads the market for core infrastructure for the factory of the future. It is becoming increasingly important for customers across all manufacturing and a compelling opportunity for our investors.”

OTTO has helped Berry Global Group, a Fortune 500 manufacturer, meet increasing customer demand despite labor shortages at a plant in Kentucky. Berry Global’s fleet of 19 OTTO AMRs operate 24×7 supplying cases to and from automated production machines. 

“Our mission to ensure a safe and productive work environment, along with the challenges of persistent labor constraints, has led us to increase investments in creative automation solutions,” said Scott Spaeth, director of corporate automation at Berry Global. “The OTTO vehicles address those challenges and deliver improved operations reliability, while enhancing the working environment for our employees.”

​Here is the complete press release.

You may also like:


  • The state of robotics investment
  • waku robotics
    Waku Robotics secures new investment to build AMR software
  • geek+
    Geek+ raises another $100M for AMRs
  • RoboBusiness 2022
    RoboBusiness early bird registration ends Aug. 20
  • cobalt robotics
    Cobalt Robotics deepens partnership with Safetrust
  • july 2022 top 10
    Top 10 mobile robot stories of July 2022

Tell Us What You Think! Cancel reply

You must be logged in to post a comment.

Related Articles Read More >

The state of robotics investment
waku robotics
Waku Robotics secures new investment to build AMR software
geek+
Geek+ raises another $100M for AMRs
RoboBusiness 2022
RoboBusiness early bird registration ends Aug. 20

RBR50 Innovation Awards

The Robot Report Listing Database

THE ROBOT REPORT PODCAST

August 12, 2022
The state of robotics investment

Recent Articles

  • The state of robotics investment
  • waku robotics Waku Robotics secures new investment to build AMR software
  • geek+ Geek+ raises another $100M for AMRs
  • RoboBusiness 2022 RoboBusiness early bird registration ends Aug. 20
  • cobalt robotics Cobalt Robotics deepens partnership with Safetrust

Latest Robotics News

Subscribe to the Mobile Robot Guide newsletter

Check out our COVID-19 resources page

Subscribe to the Mobile Robot Guide newsletter

Tweets by RoboticTips

Mobile Robot Guide
  • The Robot Report
  • Robotic Business Review
  • Collaborative Robotics
  • Field Robotics Forum
  • Healthcare Robotics
  • Robo Business
  • Robotics Summit & Expo
  • About Us
  • Advertise
  • Contact

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search

  • Home
  • News
  • Systems / Platforms
    • Autonomous Mobile Robots (AMRs)
    • Automatic Guided Vehicles (AGVs)
    • Autonomous Forklifts
    • Drones / UAVs
    • Other Systems / Platforms
  • Markets / Industries
    • Agriculture
    • Construction & Mining
    • Consumer / Office
    • Defense / Security / Public Safety
    • Education / Research
    • Healthcare / Medical
    • Hospitality / Travel
    • Logistics / Warehouse / Transportation
    • Manufacturing
    • Retail / Wholesale
    • Energy / Utilities
    • Other
  • Applications
    • Move
      • Delivery
      • Intralogistics
    • Perform
      • Disinfecting
      • Telepresence
      • Manipulating
      • Vacuuming
      • Washing
    • Sense
      • Inspection
      • Search
      • Surveillance
      • Surveying
      • Mapping
      • Exploration
    • Other Applications
      • Development
      • Research
  • Resources
    • AMR Glossary
    • FAQ
    • Case Study
    • Find a Vendor
    • What is Robots as a Service
    • Mobile Robot Standards
    • Websites
      • The Robot Report
      • Robotics Business Review
      • Collaborative Robotics Trends
    • Webinars and Digital Events
    • Publications
      • Robotic Solutions for COVID-19
    • Newsletter
  • Events
    • 2021 Robotics Weeks
    • Robotics Summit & Expo
    • RoboBusiness Direct
    • Field Robotics Forum
    • 2022 RBR50 Awards
    • R&D 100
  • Podcast
    • Podcast Archives