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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Home Transportation / Mobility

      Autonomous delivery vehicle startup, Starship Technologies bags $100 million in a month

      USTechTimes Editor by USTechTimes Editor
      March 10, 2022
      Autonomous delivery vehicle startup, Starship Technologies bags $100 million in a month
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      San Francisco-based Starship Technologies, developing autonomous delivery vehicles, has raised $100 million since February 2021, including a new $42 million Series B funding round.

      The company also received a $57 million investment from the European Investment Bank, bringing the company’s total funding to $202 million. Its investors include Nordicinja, Taavet+Sten, TDK Ventures and Goodyear.

      The Series B funding will help Starship further scale its service and meet the increasing demand for its autonomous delivery service by launching in tens of new cities and campuses, including Pleasanton in the Bay Area and the University of Tennessee, Knoxville and the University of Idaho.

      Starship is fast gaining momentum in the delivery sector

      Starship tripled deliveries in 2021 and continues to gain momentum as the autonomous delivery industry expands. The size of the autonomous delivery robot market is expected to reach $55 billion by 2026, with an annual growth rate of 20.4 percent.

      Completing more than three million commercial autonomous deliveries is more than any other autonomous delivery company. The startup is operating a fleet of more than 1,700 robots daily, making it the world’s largest fleet of autonomous delivery robots

      The company provides delivery costs that are now lower than the human equivalent, which is believed to be a world-first for any robot delivery company. In contrast, most others are still human-controlled and in pilot mode.

      The autonomous delivery market is expanding

      The startup extended its partnership with UK grocery partner Co-op with a commitment to launch in five new cities and it has doubled the size of the company’s presence in Finland in 2021, with plans to double it again this year.

      “The autonomous delivery market has been gaining momentum the past couple of years and we think it will take off this year,” said Alastair Westgarth, CEO of Starship Technologies.

      “The demand for Starship’s services continues to increase rapidly and we are regularly contacted by more college campuses and cities that want our services, often because they hear about the great results that Starship is already delivering,” added Alastair Westgarth.

      According to the Verified Market Research team, the Autonomous last-mile delivery market size was valued at $ 9.31 billion in 2020 and is projected to reach $ 51.13 billion by 2028, growing at a CAGR of 23.75 percent from 2021 to 2028.

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      Tags: autonomous mobilityfast deliveryrobotRobotics
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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