Flo Mobility, an Indian startup focused on construction automation and robotics, has raised $2.5 million in fresh funding.
The round included participation from Mela Ventures, Arali Ventures, ARTPARK, VentureGarage, JITO Incubation & Innovation Foundation, and DEVX Ventures.
The company said it will use the funding to expand deployment of its autonomous material-handling robots across construction sites in India and international markets.
Flo Mobility develops robotics systems designed to automate material movement and handling tasks at construction sites.
According to the company, its robots are already deployed across more than 25 construction locations. In addition, the startup is developing new construction automation products currently in the prototyping stage.
The company said the technology is aimed at improving operational efficiency and reducing manual workload in construction projects.
Flo Mobility has established deployments and collaborations with several construction and real estate firms across India and Asia.
Its customer and partner network includes L&T Construction, Godrej Properties, KEC International, Sobha Ltd., Ahluwalia Contracts, Capacit'e Infraprojects, Embassy Group, Shriram Properties, Leighton Asia, Century Real Estate, and Total Environment Building Systems.
The company said it started operations in India and is now expanding into international markets with a focus on large and medium-scale construction projects.
Besides that, Flo Mobility plans to continue investing in research and product development as demand for construction automation grows globally.
The broader construction industry has increasingly explored robotics and AI-based systems to improve productivity, reduce delays, and manage labor-intensive workflows more efficiently.
—----------------------
Raising capital? Explore 3,000+ PropTech and ConTech VCs in one place →https://www.proptechbuzz.com/vc
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.