• ITVI.USA
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  • OTRI.USA
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  • OTVI.USA
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  • TLT.USA
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  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.LAXDAL
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  • WAIT.USA
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  • ITVI.USA
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  • OTRI.USA
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  • OTVI.USA
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  • TLT.USA
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  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.LAXDAL
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CanadaNewsTechnology

OTTO Motors secures $29M to scale self-driving robot platform globally

Clearpath Robotics’ division closes Series C as it prepares to put more of its autonomous vehicles into additional warehouses and manufacturing facilities as demand grows during COVID-19 pandemic.

Clearpath Robotics’ OTTO Motors has closed on $29 million in Series C funding to place more of its self-driving robots into warehouses and manufacturing facilities across the world.

Ontario-based OTTO Motors announced the new funding today, June 1. Investors include Kensington Private Equity Investors, BMO Capital Partners, Export Development Canada (EDC) iNovia Capital and RRE Ventures. 

An OTTO robot in action. (Video: OTTO Motors)

OTTO produces three models of autonomous robots that operate on a proprietary platform for warehouses and manufacturing facilities. Some models can move entire pallets into cross-docked trailers.

Clearpath CEO and co-founder Matthew Rendall said autonomous robots improve the safety of workers and strengthen supply chains “in a post-COVID world.” 

“Mobile robots are no longer a luxury in the workplace; they are a necessity,” he said in a statement.

OTTO robots already are in service at large companies including Nestle, Toyota and GE. 

OTTO Motors has raised a total of $83 million in funding with the latest Series C.

Click for more FreightWaves articles by Nate Tabak.  

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Nate Tabak, Border and North America Correspondent

Nate Tabak is a Toronto-based journalist who covers cross-border trucking, logistics and trade for FreightWaves. Before moving to Canada, he spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.
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