Coca Cola European partners invests in TeleRetail’s self-driving robots

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30.10.2019
Aitomi CCEP

Following a successful pilot project, the Coca-Cola European Partners Ventures is investing in TeleRetail, the Swiss-based startup offering technology for autonomous self-driving robots. The investment involves a 15% stake acquisition in the startup.

The Valais-based startup TeleRetail (Aitonomi) is the company behind Aito, an autopilot software system for self-driving robots which allows for automating industrial, urban and rural logistics while minimizing the ecological footprint of transport by up to 90%. Aito uses artificial intelligence and satellite imagery – developed with the support of the European Space Agency.

In the recent pilot project in London, Coca Cola European Partners (CCEP) tested Aito, which collected items from a distribution centre and delivered them to drinks outlets. Following the successful pilot, CCEP through its investment arm «CCEP Ventures» which provides early-stage funding to start-ups, will now invest in Aito. CCEP has acquired a 15% investment stake along with a seat on TeleRetail’s board, to help support the startup with its future development ambitions.

Torsten Scholl, co-founder of TeleRetail said: “Automating CCEP’s logistics tasks offers very interesting challenges. We are therefore excited to accelerate the development of a world-leading outdoor logistics automation company together with CCEP Ventures and to share our innovations, know-how and technologies.” 

According to Xenia Scholl, co-founder of TeleRetail, the startup will use the funds to continue advancing its technologies and to scale operations in order to serve its existing and future customers better, thereby addressing the rapidly growing demand for our logistics automation technology.

 (Press release)

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