Mitsubishi Electric Announces Strategic Investment in OTTO Motors to Accelerate Industrial Automation
15 May 2023
Mitsubishi Electric Corporation a global leader in factory automation solutions, today announced a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, OTTO Motors.
With more than 4 million hours of production experience, OTTO Motors’ pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handling operations. The investment expands the strategic relationship between OTTO Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration.
“Industrial automation is continuing to transform businesses around the world. As a globally-trusted leader with a strong mission to invest in continuous technological innovation and ceaseless creativity, Mitsubishi Electric has been an important partner for OTTO Motors. We are proud to have their continued support and share a vision to accelerate industrial automation globally. We look forward to pursuing the tremendous opportunity ahead,” said OTTO Motors' CEO & Co-Founder, Matt Rendall.
"The relationship between Mitsubishi Electric and OTTO Motors is built upon years of respect and trust. OTTO Motors is well positioned to become a leader in industrial autonomy. We see a bright future ahead for OTTO Motors and are honored to support their continued success,” said Mitsubishi Electric’s Chief Strategy Officer, Satoshi Takeda.
For more information on OTTO Motors, visit www.ottomotors.com