Indian Construction Robotics Startup Flo Mobility Raises $2.5M in Funding
By Greg Bock · · 2 min read
Insider Brief
- Indian construction robotics startup Flo Mobility announced raising $2.5 million in new funding as the company expands deployment of autonomous material-handling systems across construction sites in India and international markets.
- According to the company, the round included backing from Mela Ventures, Arali Ventures, ARTPARK, VentureGarage, JITO Incubation & Innovation Foundation and DEVX Ventures.
- Flo Mobility said its material-handling robots are currently deployed across more than 25 construction sites while the company develops additional construction automation systems and expands collaborations with firms including L&T Construction, Godrej Properties and KEC International.
Indian construction robotics startup Flo Mobility announced raising $2.5M in new funding as the company expands deployment of autonomous material-handling systems across construction sites in India and international markets.
According to the company, the round included backing from Mela Ventures, Arali Ventures, ARTPARK, VentureGarage, JITO Incubation & Innovation Foundation and DEVX Ventures.
“We have starting with India and rapidly expanding into international markets, bringing next-generation construction automation to large and medium-scale projects worldwide,” the company noted. “Our material handling robot is already deployed at 25+ sites and we are in the prototyping stage for next one.”
Flo Mobility also cited deployments and collaborations with construction and real estate firms including L&T Construction, Sobha Ltd., Godrej Properties, Ahluwalia Contracts, Capacit’e Infraprojects, KEC International, Embassy Group, Shriram Properties, Leighton Asia, Total Environment Building Systems, Sowparnika Projects and Century Real Estate.
Image credit: Flo Mobility
