Geek+ is a leading provider and China’s supplier of warehousing and logistics solutions. Founded in 2015, Geek+ has successfully shipped over 7,000 logistics and sorting robots and developed 10+ robotic products for more than 100 supply chain clients located in China, Japan, Hong Kong, Taiwan, Australia, Singapore and Europe — all in less than four years.
Now it is bringing its award-winning (Fortune Magazine’s Top 15 Innovative Startups of China) technologies to the Americas and Europe by demonstrating the Geek+ product line at major supply chain trade shows such as MODEX in Atlanta, CeMAT in Hannover and ProMat in Chicago. Geek+ is well-funded (it has raised S259 million). Geek+ has 700 employees, and provides one-stop Al and robotic solutions to enhance efficiency for users in logistics and warehouse management. Geek+ attempts to simplify steps in order fulfillment, material handling, and sorting using Al and robotics to reduce labor, optimize parcel consolidation and the picking process, and manage fleets of robots.
Geek+ is building a new manufacturing facility which they expect to come online mid-Summer 2019. This will enable them to increase production from the current run rate of 4,000 per year to more than 10,000 per year.
Research shows that material handling occupies 75% of labor costs, 25% of human resources, 55% of production space and 87% of production time. The main pain points to customers are wasted human resources and rising labor costs. Traditional ACVs, with fixed transport tracks, floor markings and codes, is no longer suitable for this high-demand and changeable market. Geek+ is addressing these problems by adding cutting-edge advanced SLAM laser navigation technology to its picking robots so that they can navigate point-to-point or follow existing floor markings.