Wheel.me, a Norwegian robotics and IoT startup, announced this week that the company has raised €7.2 million in financing. The startup has developed and patented the world’s first autonomous wheel. Their innovation helps people improve the way they live and work by placing smart wheels on any indoor objects, allowing to move them effortlessly.
wheel.me automates indoor mobility and material handling with their smart wheels, giving the user flexibility to change the object locations based on their needs. The patented hidden castor system allows the user to move objects easily by using their voice, a smartphone app, or a Bluetooth remote control. The innovation can be used for example to change room structures or relocate heavy equipment just by telling it where to go. The solution runs in the cloud, on the local network, or with 5G. World-leading corporates are already on wheel.me’s customer list, including Porsche, DB Schenker, and Skanska.
The recent investment wasn’t the first seven-figure funding the startup has received – last summer, wheel.me raised €1.6 million from Japanese venture fund Nabtesco Technology Ventures and Idekapital Fund 1. According to an article by Shifter, wheel.me plans to spend part of the money on building its own assembly line outside of Oslo.
The new investors include the shipping families of Thomas Wilhelmsen and Leif Høegh, as well as Anne Merete “Menne” Steensland and her family. Idekapital Fund 1 holds still its position as the company’s largest shareholder.
Wheel.me participated in TechFounders program in 2020 (Batch #11). During their participation, the startup worked together with our corporate partner Miele. You can find all our alumni startups here.
Learn more about wheel.me and their solution here.
Image source: wheel.me