OTTO Motors closes $29M Series C for global AMR expansion
OTTO Motors closed a $29 million Series C led by Kensington Private Equity Fund to expand its autonomous mobile robot platform and global delivery network.
Evidence notes
- Kensington Private Equity Fund led the round, joined by BMO Capital Partners, Export Development Canada, iNovia Capital and RRE Ventures.
- OTTO Motors said the capital would expand its global delivery-partner network and accelerate its enterprise AMR product roadmap.
- The Series C brought OTTO Motors cumulative funding to $83 million; that cumulative figure is not the current-round amount.