# Robomart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/robomart

- Industry: Logistics & Distribution
- Headquarters: Santa Monica, US
- Website: www.robomart.ai
- Latest round: Seed (Jun 11, 2020)
- Investors on record: 6

## About

Robomart, Inc., based in the US, specializes in developing fully autonomous delivery robots, significantly enhancing logistics efficiency for retailers and consumers alike through innovative technology that eliminates extra delivery costs.Founded in 2017 and headquartered in Santa Monica, California, Robomart, Inc. focuses on driverless delivery solutions. The company was established by Ali Ahmed, Emad Rahim, and Tigran Shahverdyan. It has completed 5 deals and raised a total of USD 2.00 mn in funding through its latest SEED round led by W Ventures, with participation from HAX, Hustle Fund, SOSV, and Wasabi Ventures.Robomart, Inc. specializes in the development and deployment of fully driverless delivery robots designed for road use, significantly enhancing delivery capacity—boasting up to 100 times more capacity than typical alternatives—while operating at an impressive cost efficiency of 80% less than conventional courier services. These robots facilitate seamless delivery of goods directly to consumers, eliminating delivery fees and improving the overall customer experience. Targeting both retailers and end consumers, Robomart's technology is positioned in urban markets across North America and Europe.Robomart operates within a structured revenue model encompassing partnerships with retailers and direct-to-consumer transactions. The company’s revenue generation stems from agreements with retailers who utilize Robomart's delivery platform, benefiting from reduced operational costs associated with logistics. Consumers enjoy an efficient shopping experience without additional delivery fees, enhancing loyalty and repeat usage. The financial structure includes potential subscription models for retailers to access Robomart's technology and regular transactions for consumer deliveries.In August 2023, Robomart, Inc. raised USD 2.00 mn in Seed funding, led by W Ventures, to support its growth initiatives. The company plans to expand its product offerings and enhance its delivery technology. Future growth strategies involve penetrating new urban markets in North America and Europe, aiming for a wider reach by the end of 2024. The recent funding will be allocated to product development and scaling operations to meet increased demand.

## Funding rounds

- Seed, Jun 11, 2020 — SOSV, HAX
- Seed, Feb 13, 2020 — SOSV, HAX
- Seed, Feb 1, 2019 — Wasabi Ventures, SOSV, HAX, Archetype Ventures, Hustle Fund
- Seed, date not disclosed — Wasabi Ventures, SOSV, HAX, Hustle Fund, W Ventures

## Investors

- Wasabi Ventures (https://capitalatlas.ai/funds/wasabi-ventures) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- W Ventures (https://capitalatlas.ai/funds/w-ventures) — Seed
- Archetype Ventures (https://capitalatlas.ai/funds/archetype-ventures) — Seed