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Geek+ Expands Globally, Provides 10,000 Mobile Robots as a Service

Organization: Geekplus Technology Co.
Country: China
Website: https://www.geekplus.com/
Year Founded: 2015
Number of Employees: 850
Innovation Class: Business & Management Innovation
Innovation Subclass: Leadership

Geek+ claims to be No. 1 AMR supplier in the world; growth includes the U.S.

Description:

RBR50 Robotics Innovation Awardsobotics Business ReviewThe global market for autonomous mobile robots (AMRs) is growing quickly, with many players and plenty of room for growth, thanks to accelerating e-commerce demand. Geekplus Technology Co. marked several milestones in the past year, including deploying more than 10,000 AMRs worldwide, working with major brands, and opening new offices in San Diego and Dusseldorf, Germany.

Geek+ also launched its RoboShuttle system for multi-level, goods-to-person automation and opened a factory that uses its own robots to build more robots. The Beijing-based company offers its AMRs through a robotics-as-a-service (RaaS) model. It raised $150 million in Series C1 funding last July.

According to Interact Analysis, Geek+ has become the No. 1 supplier of AMRs in the world, with 10% market share. Its customers include Decathlon, Dell, Nike, and Walmart.


Analysis:

Geek+ said its mobile robots can replace traditional conveyor belts and provide scalable and flexible production. On Nov. 11, 2018, or “Singles Day” in China, Geek+ helped deliver 8.11 million orders within 72 hours at a rate nearly double that of manual 3PL (third-party logistics) warehouses.

The company has carefully cultivated major customers and partners, applying its understanding of their capabilities to new applications. By using this know-how in its own production lines, Geek+ promises to scale to satis global demand for fast, accurate deliveries. -- Eugene Demaitre

Source: Geek+
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