Total financing of 20,000,000 EUR comprises 14,000,000 EUR in Series A equity led by HG Ventures and Suma Capital, plus 6,000,000 EUR in European grants/funding (including support from the EIC Fund).
About R3 Robotics
German-Luxembourgish robotics company building modular, robot- and AI-driven automated demanufacturing and recycling solutions for lithium-ion batteries and complete electric vehicle systems (e.g., e-drives, power electronics) to enable industrial-scale repair, reuse and recycling.
Karlsruhe, Germany
Read Company ProfileFrequently Asked Questions
What type of funding round did R3 Robotics raise?
R3 Robotics raised a series-a round.
How much did R3 Robotics raise in its series-a?
R3 Robotics raised $20,000,000 EUR in its series-a.
Who invested in R3 Robotics's series-a?
The investors in R3 Robotics's series-a are: HG Ventures, Suma Capital, Oetker Collection, European Innovation Council Fund, BonVenture, FlixFounders, EIT Urban Mobility.
What type of investment was R3 Robotics's series-a?
R3 Robotics's series-a was a equity investment.
How will R3 Robotics use the funds from its series-a?
R3 Robotics plans to use the funds for: expand technology and team (engineering, AI, software, operations), scale demanufacturing platform with industrial recyclers and automotive partners in Europe, expand capacities at company sites in Karlsruhe and Luxembourg, prepare US market entry and build commercial activities/partnerships.