Burro, a Philadelphia, PA-based autonomous mobility company, raised $24M in Series B funding.
The round was co-led by Catalyst Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board.
Led by CEO Charlie Andersen, Burro is an autonomy company focused on work outdoors. Burros function as people/pallet scale autonomous ground vehicles for carrying, towing, patrolling, and mowing, and are designed to lay the base for the fully autonomous future of work outdoors. Founded in 2017, the company today has more than 300 robots working as harvest assist robots in paid commercial use within nurseries, berries, vineyards, citrus, and beyond, in the US, Australia, New Zealand, Japan, South America and with a growing list of customers, where they tow trailers autonomously, patrol depot yards, and serve as a platform and physical API for a growing set of technology partners.
The company intends to use the funds to expand its commercial, product and engineering teams, bring on more dealers, and launch new products in direct response to customer demand, beginning with its new product offering: Burro Grande.
Burro Grande expands beyond people scale (less than 500 lb. payload, light-duty towing) to a true pallet scale vehicle (1,500 lb. payload, 5,000 lb. towing), and features Burro Operation System Software V 5.0, which includes indoor/outdoor Lidar based localization for autonomous movement across indoor and outdoor operations.
Headquartered in Philadelphia, the company has an office in Visalia, California.
FinSMEs
09/01/2024