INSUBCONTINENT EXCLUSIVE:
It been a busy year in delivery robot land.
Starship Technologies sounded the starting gun to bring autonomous delivery vehicles to market
with a $17.2 million round led by Daimler back in January 2017
Then in January this year the Mountain View, Calif.-based company Nuroraised the curtain on its own vision for robo-delivery with a whopping
Meanwhile, upstart Robomart has its own notion for delivery vehicles that it unveiled at CES
And not to be outdone, everyone favorite Chinese retail powerhouse, Alibaba, announced its own self-driving delivery vehicle.
Now
there&sBoxbot, the still-stealthy startup developing autonomous delivery somethings, which has picked up new cash as the race to build
delivery bots rolls on.
Boxbot is a latecomer in the field
The Oakland-based company boasts impressive pedigrees from its founders — former Tesla engineer Austin Oehlerking and Mark Godwin, an
entrepreneur who was working on improving logistics services through machine learning before he was acqui-hired by Uber.
As part of the new
$7.5 million round, which was led by Artiman Ventures with participation from Toyota AI Ventures, Boxbot bulking up its executive team
The company poached Steve Sanchez fromAmazon Logistics,where he was working on Amazon Flex,Amazon crowdsourced delivery service.
The
investment is also the first in an autonomous delivery company for Toyota AI Ventures, and one of at least five the firm has made since its
launch in 2017.
Toyota launches venture capital fund targeting artificial intelligence startups
For the last few years, automakers have
spent several millions launching investment funds to tap startup expertise around technologies of autonomous vehicles.
In January, Renault,
Nissan and Mitsubishi launched the $1 billion Alliance Ventures fund to invest in new automotive technologies
The firm has made $50 million in commitments already to the Sinovation Ventures fund in China and the Maniv Mobility investment fund —
focused on mobility — in Israel
Volvo has its own Cars Tech Fund, to invest in startups focused on new mobility technology, and BMW is investing $500 million in autonomous
vehicles through its iVentures fund.
These commitments are part of a broader acknowledgement from the world biggest automakers that their
industry is changing faster than their internal research and development teams can address.
The delivery dilemma
Delivery is emerging as a
crucial service in the new world of autonomous mobility
From the dream of autonomous long-haul trucking to last mile delivery to personal transportation, companies are scrambling to develop new
McKinsey predicts that autonomous vehicles will make up 85 percent of last-mile deliveries by 2025
That a huge slice of a massive market that Toyota AI Ventures managing director Jim Adler called &a global problem that McKinsey Company
priced at more than $80 billion in 2016.&
With a market that large, there no wonder it so tantalizing a problem for automakers of all
stripes to try and solve.
&Over the next few years, self-driving vehicles will transform the last-mile, making it cheaper to make deliveries
and easier to receive them,& said Brian Wilcove, a partner at Artiman Ventures and investor in Boxbot.
And Toyota Adler sees Boxbot as an
extension of the technologies that have solved the problem of autonomy inside warehouses at companies like Amazon.
&Logistics automation
within warehouses has made remarkable progress in the last decade due to advances in robotics and automated interfaces that streamline
interactions between human and supply chains
An inflection point came in 2012 when Amazon bought Kiva which put them on a path to automate their fulfillment centers,& Adler wrote in a
&The same autonomous technologies (i.e., sensors, perception, prediction, planning) used to pack boxes in the warehouse are now being
pressed into the service of delivering those packages that last mile to your door — the most complex and expensive leg of the supply
