New Delhi: Munich-based technology company Agile Robots AG is joining idealworks, a subsidiary of the BMW Group founded at the end of 2020, as a strategic investor.
As a deep tech company, idealworks is significantly promoting industrial automation in production and logistics by developing a robotics ecosystem. The idealworks portfolio consists of the intelligent automation platform AnyFleet, the autonomous mobile robot (AMR) iw.hub and the mobile robotics operating system iw.os.
Agile Robots AG, a spin-off of the German Aerospace Center (DLR), which produces robotic-based solutions for the automotive and consumer electronic industries.
With Agile Robots AG, the BMW Group gains a strong strategic partner for idealworks. The investment made within a Series A financing round confirms the trust of both shareholders and enables idealworks to expand its product portfolio. In addition to continuing existing collaborations with leading technology companies such as NVIDIA Corporation, Microsoft Corporation and ADLINK Technology Inc., the investment enables the joint development of new solutions and technologies as well as access to further branches and markets, the company said in a press release.
As future strategic partners, idealworks and Agile Robots AG complement each other both in their industry expertise and in their range of solutions.
Michael Nikolaides, Head of Production Network and Logistics at the BMW Group, said, “Since 2020, over 600 iw.hubs have already been successfully implemented in the BMW Group’s intralogistics work processes. A proof point for the digitalization and technological development within the BMW iFactory. Together with Agile Robots AG, idealworks will further expand its robotics ecosystem to promote new and innovative solutions in the field of industrial automation — both in the software and hardware sectors.”
Zhaopeng Chen, CEO of Agile Robots AG, added, “In addition to our common origin in Munich, the intelligent combination of software and hardware provides the basis for serving our customers internationally with the right automation solution. We will combine German innovation and engineering expertise with the speed, global reach, and entrepreneurial vision that both companies have already demonstrated in the past.”
The cooperation offers both partners extensive growth potential: Agile Robots AG is active in major regions of the world and, in addition to its expertise in robotics and artificial intelligence, contributes to its global network. idealworks brings in the BMW Group as one of its largest customers and its industrial know-how. Following the first successfully completed customer projects in the USA, idealworks’ global business will expand to the Asia-Pacific region as early as next year, the company said.
The transaction is subject to prior approval by the relevant authorities. Both sides have agreed not to disclose the terms and conditions.
