ExRobotics, a company based in Delft, is enhancing its position in the energy and petrochemical sectors by securing a €7 million investment. The funding is set to boost the global presence of their explosion-proof robots, designed to navigate the hazardous zones of these industries. This investment signifies a strategic move towards increasing technological capabilities and expanding their operations in the realm of autonomous inspection. The company is backed by venture capital firm FORWARD.one and longstanding investor Rotterdam Port Fund, adding credibility to its forward trajectory. Increased investment in industrial safety aligns with heightened concerns about operational risks in volatile environments.
ExRobotics offers unique solutions in a market ripe with innovation. The explosion-proof inspection robots, such as the ExR-2, are specifically tailored to work in hazardous industrial settings where the risk of explosives is prevalent. Although the company is reaching financial stability, new capital will expedite their Robot-as-a-Service (RaaS) deployment, proving the robots’ value in practical applications. These robots aim to increase safety while simultaneously addressing efficiency issues that have previously plagued industrial settings. Such developments are likely to resonate well with current industry trends focused on safety and automation.
How Will the Funds Be Used?
The recent financial influx is intended to drive the global reach of the company’s robotic integrations. By increasing production capacity and enhancing software development, the company aims to meet an increasing demand swiftly. Their investment objective is to expand manufacturing capabilities, crucial for meeting the growing need for automated solutions in the petrochemical and energy sectors. The emphasis will be on optimizing operations to ensure their robots can seamlessly integrate into existing frameworks across diverse environments worldwide.
What Role Will ExRobotics Play in Industrial Safety?
The explosion-proof robots by ExRobotics contribute to enhanced industrial safety by autonomously inspecting challenging environments. They are crafted to withstand the complex conditions in Ex zones, where explosive materials are often present. Their applications are wide-ranging, offering real-time data collection, seamless inspections, and ensuring safety procedures are met. These aspects are integral to mitigating risks and fostering sustainable operational practices.
ExRobotics already deploys its robots in harsh environments globally, showcasing an array of applications from tropical climates to arctic conditions. Their real-world applications in equipping various terrains underscore the adaptability and necessity of such innovations. With over 100 deployments, the robots prove crucial to minimizing risks and ensuring operational uptime. The company’s commitment to constant monitoring and adaption has attracted industrial interest, bolstering the robots’ utility and market acceptance.
“Our industry is at an inflexion point,” states Mark Mildon, the CEO, highlighting the rapid scale-up of core customers. Such investments aim to meet increasing demands, strengthening ExRobotics’ customer relationships. The refinement in technology and consistent focus on safety improvements serve as vital components in satisfying compliance regulations worldwide. The company approaches scaling with an innovative mindset that prioritizes customer-centered strategies.
FORWARD.one and Rotterdam Port Fund’s belief in autonomous robots stems from the observable market demand for safer operations.
“Over the past years, a solid foundation has been built in terms of technology, team and customer relationships,” says David van Loo, Investment Director from Rotterdam, emphasizing the built core competencies. This financial backing is positioned to elevate the company to new heights, fostering advancements in certified autonomous inspections.
ExRobotics’ recent financial boost and strategic focus on enhancing automated inspection capabilities highlight an evolving interest in industrial safety. Potential investors see value in ExRobotics’ ability to address danger zones effectively, with robots that improve operational standards and minimize human risk. The increasing demand for innovative and efficient autonomous solutions suggests significant advancements within the sector are on the horizon. Deploying cutting-edge robotics in exigent environments not only aligns with industry standards but supports the growing need for sustainable and safe industrial practices.
