# Peer Robotics

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

- Industry: Industrial Machinery
- Headquarters: Gurgaon, India
- Website: www.peerrobotics.in
- Total disclosed funding: $2.4M
- Latest round: Seed (Sep 12, 2022)
- Investors on record: 4

## About

Peer Robotics develops advanced robotic solutions to enhance human-robot collaboration in manufacturing environments. Their innovative offerings streamline operations and improve efficiency, significantly impacting logistics automation.Founded in 2019 in Gurgaon, India, Peer Robotics specializes in human-robot collaboration solutions. The company was co-founded by Alok Kumar, Rishabh Agarwal, and Tanya Raghuvanshi. Rishabh Agarwal serves as the CEO. Peer Robotics has secured a total of USD 2.3 mn in funding through three deals, with the latest funding round being a Seed round led by Kalaari Capital on September 12, 2022. The company has not undergone significant pivots or changes in its business strategy since inception.Peer Robotics specializes in providing advanced robotic solutions designed to facilitate human-robot collaboration within manufacturing environments. Their core offerings include a range of autonomous mobile robots (AMRs) such as the RM250 and RM500, which are engineered to handle payloads of up to 500 kg and 250 kg, respectively. These robots automate the movement of pallets, trolleys, and bins, streamlining operations from staging to assembly lines without necessitating changes to existing infrastructure. The solutions are tailored for manufacturers in North America, Europe, and various industries, enhancing operational efficiency while simplifying automation methods. Their clients include manufacturers looking to automate logistics processes, benefiting from the robots' ability to learn from human operators in real-time.Peer Robotics generated revenue of USD 42,154.5 mn in 2023. The company's EBITDA for the same year was USD -33,746.8 mn. Peer Robotics generates revenue through direct sales and partnerships that facilitate the adoption of their robotic solutions. Transactions typically occur on a B2B basis, where clients purchase robotic units like the RM series. The pricing structure accommodates diverse manufacturer requirements, allowing for scalable deployments. Clients can also engage in subscription agreements for ongoing support and software updates, ensuring seamless integration and maintenance of robotic systems.Peer Robotics plans to utilize the USD 2.3 mn raised in Seed funding for research and development focused on enhancing human-robot interaction. They aim to expand their market presence across small and medium-scale manufacturers globally. Specific target markets for expansion include regions in North America and Europe, with a strategic focus on launching new products designed to improve operational capabilities. This initiative aligns with their vision for growth and industry impact, leveraging recent investments to enhance their offerings.

## Funding rounds

- Seed, Sep 12, 2022, $2.3M — Connecticut Innovations, Kalaari Capital, Axilor Ventures, Innopact
- Seed, Dec 3, 2020, $0.1M — Axilor Ventures

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Seed
- Innopact (https://capitalatlas.ai/funds/innopact) — Seed