GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures. The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse. "We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011. The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day. The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
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Midwest Motion Products Inc., based in Howard Lake, Minnesota, is pleased to announce the release of the new "GRA52" Right Angled Gearmotor System. This new 1:1 Right Angled Gearbox allows for significantly increased versatility, and design whose geometry allows for the unit to be mounted in tight spaces. We employ our Standard Brushed or Brushless DC Motors and Planetary Gearheads to complete the new R/A Design. Features/Benefits: Cost effective design - as low as $250*, Very Versatile - Output Ratios ranging from 3.7:1 to 2076:1, Fully Reversible Design, Readily available - Samples can be built from Stock Material, High Volume capacity.