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Today: May 14, 2024
January 9, 2024
1 min read

Revolutionary Mobility Startup Burro Secures $24M in Series B

TLDR:

  • Philadelphia-based autonomous mobility company, Burro, has closed a $24m Series B funding round to expand its presence in the agricultural and outdoor industries.
  • The round was co-led by Catalyst Investors and Translink Capital, with participation from existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital.
  • Burro develops collaborative robotic platforms that can work safely outdoors alongside human workers, aiming to increase workforce efficiency and address labor challenges in industries such as agriculture and construction.
  • The company plans to use the funding to expand its commercial, product, and engineering teams, as well as launch new products.
  • Burro’s latest offering, Burro Grande, is a pallet scale autonomous vehicle that can tow heavy loads, featuring advanced autonomous functionality for indoor and outdoor tasks.

Philadelphia-based autonomous mobility company Burro has closed a $24m Series B funding round, led by Catalyst Investors and Translink Capital, to expand its presence in the agricultural and outdoor industries. Burro develops collaborative robotic platforms that can work safely outdoors alongside human workers, aiming to increase workforce efficiency and address labor challenges in industries such as agriculture and construction. The company plans to use the funding to expand its commercial, product, and engineering teams, as well as launch new products in response to customer demand. Burro’s latest offering, Burro Grande, is a pallet scale autonomous vehicle that can tow heavy loads, featuring advanced autonomous functionality for indoor and outdoor tasks.

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