News Briefs

Mitsubishi Electric invests in AMR systems maker Clearpath Robotics

Based in Kitchener, Ontario, Clearpath Robotics is a developer and seller of autonomous mobile robots systems.

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  • In a statement, Mitsubishi Electric said the investment aims to strengthen its support for factory optimization and automation by utilizing AMR systems
  • In 2021, Clearpath’s Otto Motors closed a $43.4 million Series B financing led by Kensington Private Equity Fund

Mitsubishi Electric Corp has made a strategic investment in Clearpath Robotics, a Kitchener, Ontario-based company that develops and sells autonomous mobile robots (AMR) systems. No financial terms were disclosed.

In a statement, Mitsubishi Electric said the investment aims to strengthen its support for factory optimization and automation by utilizing AMR systems.

Clearpath is the owner of Otto Motors, a provider of autonomous mobile robots for material handling inside manufacturing facilities and warehouses.

In 2021, Otto Motors secured a $43.4 million Series B financing led by Kensington Private Equity Fund. Other investors in the round included BDC Capital, BMO Capital Partners Capital, Export Development Canada, iNovia Capital, McRock Capital and RRE Ventures.

Established in 1921, Mitsubishi Electric is a Japanese electronics and electrical equipment manufacturing company.