# Forward Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forward-robotics

- Industry: Aerospace
- Headquarters: Kitchener, Canada
- Website: www.forwardrobotics.com
- Latest round: Seed (Jun 22, 2018)
- Investors on record: 1

## About

Forward Robotics Inc. is a company specializing in next-generation Vertical Take-Off and Landing (VTOL) technology, focusing on innovative drone solutions tailored for agricultural applications.Forward Robotics Inc. develops advanced drone systems designed for agricultural efficiency. Founded by Meng Wei, Rachel Fay, Rachel Montella, and Tamara Finlay, the company is based in Kitchener, Canada. It raised Seed funding on June 22, 2018, targeting agricultural enterprises and large-scale farming operations as its primary clientele.Forward Robotics is at the forefront of next-generation Vertical Take-Off and Landing (VTOL) technology, focusing on innovative solutions for agricultural applications. Their core offerings emphasize advanced drone systems designed to enhance operational efficiency in farming practices. These products are engineered to address specific use cases such as crop monitoring, precision agriculture, and targeted pesticide application, thereby optimizing yield and reducing waste. The company's clients primarily include agricultural enterprises and large-scale farming operations across North America and Europe, with an increasing interest in markets such as Asia-Pacific. The technology is aimed at providing farmers with real-time data and actionable insights to support decision-making processes in crop management and resource allocation.Forward Robotics generates revenue through a direct-to-consumer model, facilitating transactions with agricultural stakeholders. Clients purchase the company's flagship VTOL drone systems, which come with integrated software solutions, on a one-time basis or through structured financing options. In addition, the company offers subscription-based access to advanced analytics and ongoing support services, enhancing the functionality and value of the drones over time. This dual revenue stream ensures a steady income flow while fostering long-term customer relationships through continued service engagement. The strategic pricing of these offerings is designed to reflect the advanced technology and efficiency gains provided to end users, positioning Forward Robotics competitively within the agricultural technology sector.Forward Robotics plans to introduce new drone models focused on enhancing agricultural productivity, with launches expected in 2024. The company aims to expand its reach into the Asia-Pacific market by 2025. The funds raised during the Seed round in June 2018 will be utilized to support product development and marketing strategies in these new regions.

## Funding rounds

- Seed, Jun 22, 2018 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed