Indian Construction Robotics Startup Flo Mobility Raises $2.5M in Funding

by Ai Ai updates

Insider Brief

  • Indian construction robotics startup Flo Mobility announced raising $2.5 million in new funding as the company expands deployment of autonomous material-handling systems across construction sites in India and international markets.
  • According to the company, the round included backing from Mela Ventures, Arali Ventures, ARTPARK, VentureGarage, JITO Incubation & Innovation Foundation and DEVX Ventures.
  • Flo Mobility said its material-handling robots are currently deployed across more than 25 construction sites while the company develops additional construction automation systems and expands collaborations with firms including L&T Construction, Godrej Properties and KEC International.

Indian construction robotics startup Flo Mobility announced raising $2.5M in new funding as the company expands deployment of autonomous material-handling systems across construction sites in India and international markets.

According to the company, the round included backing from Mela Ventures, Arali Ventures, ARTPARK, VentureGarage, JITO Incubation & Innovation Foundation and DEVX Ventures.

“We have starting with India and rapidly expanding into international markets, bringing next-generation construction automation to large and medium-scale projects worldwide,” the company noted. “Our material handling robot is already deployed at 25+ sites and we are in the prototyping stage for next one.”

Flo Mobility also cited deployments and collaborations with construction and real estate firms including L&T Construction, Sobha Ltd., Godrej Properties, Ahluwalia Contracts, Capacit’e Infraprojects, KEC International, Embassy Group, Shriram Properties, Leighton Asia, Total Environment Building Systems, Sowparnika Projects and Century Real Estate.

Image credit: Flo Mobility