Cartken has completed financing of USD 22.5 million

New funding will be used by Cartken to further develop AI-based technology for autonomous delivery robots

Munich, July 2024 - Cartken Inc, an AI-powered autonomous robotics company, has announced that it has closed $22.5 million in total funding. The latest funding round of $10 million was led by 468 Capital and includes investments from global technology leaders such as Magna International, Shell Ventures and Mitsubishi Electric.

Revolutionizing industrial automation and the last mile

Cartken's technology combines Artificial Intelligence (AI) and computer vision to seamlessly operate autonomous delivery robots both indoors and outdoors. This innovation promises to significantly increase operational efficiency and productivity, particularly in areas such as industrial automation and last mile delivery.

Cartken's approach to autonomous navigation systems will revolutionize industrial automation and last mile delivery... We believe that Cartken's approach gives us a clear insight into the future.

Bernhard Janke and Bardo Droege, Partners at 468 Capital

Successful applications and impressive figures

Since its inception, Cartken has completed hundreds of thousands of deliveries, averaging 36,000 deliveries per month. In 2023 alone, over 10,000 hours of employee transportation time were saved. Cartken serves some of the largest players in the OEM, biotech, pharmaceutical and chemical industries in the US, Germany, Denmark and Japan. Recently, the company also launched operations in Tokyo in partnership with Uber Eats and Mitsubishi Electric.

Future plans and vision

Our mission is to make this new technology accessible to companies in various industries so that they can automate their processes, increase productivity and ensure employee safety.

Christian Bersch, co-founder and CEO of Cartken

With the new funding, Cartken plans to further improve its self-driving technology and deepen partnerships with large companies. The goal is to fundamentally change industrial automation and last-mile delivery, increasing efficiency and safety in various sectors.