Positec Group’s Landroid Imaginative and prescient AI robotic lawnmower, which it sells underneath its Worx model. | Supply: Worx
Positec Group Ltd. this week introduced that it secured $250 million in its first spherical of fairness financing. The supplier of robotic garden mowers stated it can spend the funding on product growth because it continues the worldwide enlargement of its consumer-facing manufacturers.
“This funding acknowledges three many years of technological innovation, operational excellence, and dedication to sustainable growth,” stated Don Gao, founder and CEO of Positec Group. “This funding will additional the continuing analysis and growth of inexperienced vitality know-how and clever merchandise, fueling Positec’s market enlargement, whereas we search to speed up the electrification and transformation of the worldwide instrument market.”
Based in 1994, Positec Group is thought for its robotic lawnmowers and battery-powered out of doors tools for each shopper and industrial use. The Suzhou, China-based firm has North American headquarters in Charlotte, N.C. It has 15 abroad advertising and marketing subsidiaries, 4 R&D facilities, and 4 manufacturing bases worldwide.
Client, industrial mowers advance
Positec Group stated it has labored to maintain up with the newest know-how traits because the robotic mower class transitions from boundary wire to wire-free know-how.
The corporate launched a mowing robotic inside its Worx shopper division that makes use of machine imaginative and prescient and neural community algorithms to function with out predefined borders. These remedy the issue of cumbersome set up and permit the product for use instantly out of the field, it stated.
In 2024, the Worx Landroid Imaginative and prescient system was the best-selling robotic lawnmower in Europe, claimed Positec. It stated Worx has offered greater than 1 million models.
Via its Kress industrial model, Positec launched RTKn (real-time kinematic community) know-how in 2022. Slightly than requiring a number of on-site antennas like different RTK mowers, the corporate depends a world community of base station antennas. This enables any mower inside the community’s protection space to function with no native antenna.
As well as, Positec stated its Kress model has launched a proprietary battery know-how that’s dependable sufficient to switch fuel for industrial landscapers. The battery affords as much as 8-minute cellular charging, greater than 3,000 cycles — 10x the business norm — plus high-power discharge efficiency to match the ability of fuel instruments.
The corporate stated this eliminates the previous ache factors related to battery-powered instruments within the industrial area.
Positec plans to put money into the U.S. market
“Importantly, Positec is wanting ahead to bringing excessive development and long-term worth returns to buyers and companions and making optimistic contributions to our business,” Gao added. “Personally, I’m tremendously proud and grateful to our international crew for his or her exhausting work and dedication that made this second a actuality.”
Frontier Funding led the funding spherical. Rockets Capital, CLSA Capital Companions, NRL Capital, and extra additionally participated within the spherical.
“Whereas honoring Don Gao’s lifetime dedication to revolutionizing the business, these funds additionally place the group for continued double-digit development within the U.S. retail market,” stated Michael Jones, president and CEO of Positec Americas. “[They will] additional strengthen our assets for penetration within the industrial area underneath the Kress model.”
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