Central regions | Transport, logistics | Technology & innovation

Phystech Ventures all set to help warehouses and invest in drones

14 May '18
Russian VCs at Phystech Ventures in Moscow have plans to invest $300K in autonomous drones for warehousing developed by UVL Robotics, a domestic start-up company, Firrma.ru reported. The start-up may raise the investment as a convertible loan, the source added.

The UVL Robotics team is said to have developed and already completed successful tests for two of its drone systems and also reached agreements with seven companies on collaboration and further testing in the second and third quarters of 2018.

The expected investment will reportedly cover the preparation and launch of the small-scale manufacture of autonomous drones, and pay for marketing needs. Our 2018 plans include commercial services in inventory management. Customers will include large-scale 3PL operators, FMCG sector players and retail chains. In the long term, we want to establish presence in the international target markets through active interaction with western logistic companies, UVL Robotics CEO Evgeniy Grankin said.

Phystech Ventures has been investing in Russia, the U.S. and Southeast Asia. The core focus for the Russian VC fund are teams that develop technology for the Internet of things (IoT), connected platforms, cybersecurity, edtech, energy efficiency, oil and gas, novel materials, and sensors.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Moscow

Tags: Phystech Ventures (4) / drones (0) / UVL Robotics (0) /

Latest News: Central regions
23 May '18 | Retail, FMCG | Finance, business
21 May '18 | Finance, business | Technology & innovation
16 May '18 | Finance, business | Technology & innovation
14 May '18 | Transport, logistics | Technology & innovation
 

Feature stories

3 Apr '18
In regions most of European Russians will hardly ever...
21 Nov '17
Russian scientists have come up with what they say is...
7 Sep '17
Search (News archive - 21239)
Advertising
RB_Partners_Report
Advertising
gcvsymposium
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

23 May '18
A U.S.-based start-up of Russian origin, Scentbird,...
22 May '18
Severstal, one of Russias largest mining and...
21 May '18
Qapsula, a new Russian telemedicine service, is...

Most read stories from last week

22 May '18
Severstal, one of Russias largest mining and...
23 May '18
A U.S.-based start-up of Russian origin, Scentbird,...