Mitsubishi Electric Corporation has announced a strategic investment in OTTO Motors

Mitsubishi Electric Corporation, a provider of factory automation systems, made a strategic investment in Clearpath Robotics, the parent company of OTTO Motors, the leader in autonomous mobile robots.

Companies use OTTO Motors’ pioneering autonomous mobile robot (AMR) technology software to increase efficiency and safety in material handling operations. The investment enhances OTTO Motors and Mitsubishi Electric’s strategic connection and strengthens the two businesses’ commercial collaboration.

“Industrial automation is transforming businesses all over the world.” Mitsubishi Electric has been a key partner for OTTO Motors as an internationally trusted leader with a strong commitment to invest in ongoing technological innovation and unceasing creativity. We are grateful for their ongoing support and share a vision to advance global industrial automation. “We are excited to pursue the tremendous opportunity ahead,” stated Matt Rendall, CEO and Co-Founder of OTTO Motors.

“The partnership between Mitsubishi Electric and OTTO Motors is founded on years of mutual respect and trust.” OTTO Motors is poised to become a market leader in industrial autonomy. “We see a bright future for OTTO Motors and are honoured to support their continued success,” stated Satoshi Takeda, Chief Strategy Officer at Mitsubishi Electric.