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French Wandercraft raises €64.3 million to take robotics from hospitals to homes and factory floors
- Paris-based robotics company Wandercraft raises €64.3 million in Series D funding to expand its robotic mobility innovations.
- Key backers in the funding round include Renault Group, Bpifrance, and the European Investment Bank.
- Wandercraft's CEO, Matthieu Masselin, emphasizes the company's global expansion and mission to transform people's lives through robotics.
- The company is known for its clinical exoskeletons deployed in over 100 hospitals worldwide.
- The funding will support Wandercraft's move towards consumer and industrial applications, shifting from clinics to homes and workplaces.
- Eve, a self-balancing personal exoskeleton powered by AI, is nearing commercialization and aims to assist individuals with mobility impairments.
- Wandercraft's industrial robot, Calvin-40, developed in collaboration with Renault, is set to enter production soon for factory tasks.
- Renault Group becomes a strategic investor and a commercial customer for Wandercraft's industrial humanoid robot.
- The partnership with Renault will facilitate the scaling of robotic mobility solutions and industrial-grade robotics in Europe.
- Wandercraft's focus on pushing boundaries in robotic mobility is evident through FDA clearances, clinical studies, and revenue growth.
- The company's innovations aim to not only aid individuals with disabilities but also revolutionize industrial work settings.
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