Summary:
Milvus Robotics secures $4.5M in funding led by TT Ventures VCIF to accelerate global expansion
Supplies global giants like GE, Nissan, Unilever, Yazaki, and General Dynamics
Operates in 15+ countries with offices in Ankara and Atlanta
Focus on developing AI-supported AMRs with advanced detection technologies
Global AMR market projected to reach $18.2 billion by 2032 with a 15.1% CAGR
Milvus Robotics, a Türkiye-based autonomous mobile robot (AMR) technology company, has successfully secured $4.5 million in a recent investment round led by TT Ventures VCIF, the venture capital arm of Türk Telekom. This funding is a significant milestone for the company, aiming to accelerate its global expansion and enhance its product offerings.
A Strong Presence in the AMR Market
Founded in 2011 in Ankara, Milvus Robotics has established itself as a key player in the AMR industry, supplying global giants like GE, Nissan, Unilever, Yazaki, and General Dynamics. With over 15 years of experience in robotic automation and a team of 100 experts, the company operates from offices in Ankara and Atlanta, managing operations in more than 15 countries.
Ambitious Goals for the Future
CEO Şamil Özden shared the company's vision: "We aim to strengthen our presence in the U.S., Europe, the U.K., and the Middle East markets. Our focus is on developing new product series with advanced AI-supported pallet, environment, and human detection technologies that enhance autonomy capabilities."
Investment Highlights Market Potential
The investment round saw participation from APY Ventures, the Regional Development Fund managed by the Türkiye Development Fund, Maxis Ventures, and Inveo Ventures. This underscores the growing strength of Türkiye's technology investment ecosystem.
The global AMR market was valued at over $4 billion in 2024, with projections estimating a 15.1% CAGR between 2025 and 2030. By 2032, the market is expected to reach $18.2 billion, driven by the rapid growth of e-commerce, warehouse automation, and adoption in agriculture and hospitality.
Innovative Solutions Driving Growth
Milvus Robotics stands out with its broad carrying capacity (100 kg to 2 tons), advanced fleet management software, and integration capabilities. Their solutions in pallet handling, stacking, dynamic storage, and in-trailer operations are shaping the future of AMR technologies.
Comments