eve autonomy Inc. has been providing and operating the Level 4 automated transport solution “eve auto” mainly for factories and logistics facilities under the theme of “Automating outdoor transport from today.” With the aim of further expanding its business, the company has raised 1 billion yen in Series B extension round funding.
eve autonomy is celebrating its fifth anniversary since its founding on February 27, 2020. Our automated guided vehicle service, “eve auto,” is now in its third year since its official launch in November 2022, and we are further expanding our business as a solutions provider for solving social issues.
As in previous rounds, this extension round will see additional investment from Yamaha Motor Co., Ltd. and joint venture company Tier IV, Inc.
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Yamaha Motor is supporting our business growth by leveraging the mobility technology and manufacturing know-how it has accumulated over the years. Tier IV is also developing technology based on the open source autonomous driving software “Autoware*” and is providing the autonomous driving technology that is the core of our solutions. With the continued support from both companies, we are able to maintain our high technological capabilities while developing sustainable outdoor autonomous transport solutions that contribute to solving social issues.
eve autonomy has contributed to innovation in logistics and production sites by providing solutions that utilize autonomous driving technology in the industrial sector. With this additional investment, the company will not only further accelerate its technological development and strengthen its business foundation, but also focus on developing new markets and expanding the scope of its services in addition to its existing customer base of factories and logistics facilities, thereby meeting the automation and efficiency needs of more companies.
SOURCE: PRTimes
