Flo Mobility Raises Seed Funding Led by JIIF

Flo Mobility secured an undisclosed investment from the JITO Incubation and Innovation Foundation (JIIF) in a seed funding round.

The other well-known investors were Vikram Raichura, Debjyoti Paul, and Saurabh Runwal. The company intends to use the additional funding to acquire talent, diversify their construction automation product line, and enter foreign markets.

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Jeenendra Bhandari, Chairman, JITO Incubation and Innovation Foundation (JIIF) said, “ AI and Automation would play an essential role to drive growth in the foreseeable future, and we believe that our investment in Flo Mobility will play a role in helping the company to unlock their potential to stay as pioneer in the space of innovating automation, and we are committed to stay on the journey which will contribute to harness the future growth potential of automation and AI.”

The company intends to use the additional funding to acquire talent, diversify their construction automation product line, and enter foreign markets.

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Manesh Jain, Founder and CEO, Flo mobility said “Robotics can play a pivotal role in defining the future of construction. It not only enhances productivity, but also improves worker safety, reduces accidents and ensures consistency in quality of tasks. With rapid progress in edge compute technology, prices of sensors coming down and AI models attaining better accuracy every passing day, timing is apt for take-off of robotics technology. I truly believe that in the next few years, we will see robots all around us.”

Because of the electric drivetrain, the company’s solutions are designed to be intelligent, small, and durable so they can adjust to changing conditions and lower emissions.

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