Corporate information
Company type
AI-powered fleet of robots for parcel sorting.Overview
Unbox Robotics exists to enable logistics players to automate and radically improve their operations on-demand using limited footprint and capital. Although the number of parcel deliveries and their delivery locations are growing exponentially, existing parcel sorting systems are difficult to scale-up/down, require huge area, money & installation time. To solve this, Unbox is building an AI-powered Parcel Sorting solution with a swarm of robots that get installed at-least 10X faster in less than 50% of the space required by existing solutions. Swarm Intelligence, ML enabled Intelligent Maps and the overall system improve the robot productivity & reduce the CAPEX by ~40% to 70%. The solution has an international patent pending. They won India Innovation Growth Program 2.0 (backed by Govt. of India, Tata Trusts, and Lockheed Martin) amongst 2000+
startups in India in 2019. They were also selected by the UK’s Royal Academy of Engineering for Leaders in Innovation Fellowship program in London. They are working with players such as Flipkart, Ecom Express, Xpressbees, Delhivery in India with several players such as FedEx, DHL from SE Asia and the US in the pipeline. They have raised seed funding from EF, SOSV, Arali Ventures, CIIE and several marquee angels.
Funding rounds
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Entrepreneur First Investment Manager LLP | Tehnology incubator that invests in individuals “pre-team, pre-idea” to help create new technology startups. | Initial investment. |