German Robotics Startup Raises $43 Million To Automate Smaller Factories

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I'm a senior editor at Forbes, covering industrial innovation and climate-oriented technology. I also co-author the Current Climate newsletter and edit the Next Billion-Dollar Startups list. Before rejoining Forbes in 2016, I was a senior writer or staff writer at BusinessWeek, Money and the New York Daily News.

Small- and medium-sized factories have lagged their larger counterparts on automation. Munich’s RobCo sees a big opportunity there for its low-cost, modular robots.n 2023, more than 550,000 new robots were installed in factories, according to the International Federation of Robotics. But the vast majority were at large-scale plants, with an estimated 10% of them deployed at small- and medium-sized businesses.

RobCo’s bots are different than the complex, often custom-built systems used by larger factories, which are often too expensive for smaller manufacturers. These firms also require more flexibility so that their robots can shift from one task to another without buying specialized robots for every task.That’s why Robco offers robotic modules that can handle common factory tasks like loading material into machines, offloading finished parts and organizing pallets.

Hölzl, who is now 30, started the company based on research he was doing at the Technical University of Munich, one of Germany’s leading robotics research centers. With cofounders Paul Maroldt and Constantin Dressel, who were also researchers there, he dropped out of the Ph.D. program to start the firm in 2020.

 

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