Cognibotics Secures €6.5 Million EU Funding for HKM1800 Robot Development
- Published
Cognibotics, a Swedish robotics firm, has received €6.5 million in funding from the European Innovation Council Accelerator under the Horizon Europe program. This funding comprises a €2.5 million grant and €4 million in equity financing, aimed at advancing the development and industrialization of the HKM1800 robot platform for logistics and manufacturing. The HKM1800 features a hybrid kinematic design that allows for delta-class speed and a workspace ten times larger than traditional robots, while consuming one-third less energy.
The significance of this funding lies in its potential to enhance automation in Europe, addressing labor shortages and increasing throughput demands. The HKM1800 is designed to facilitate quick installation and achieve over 2,000 picks per hour within a 10 square meter workspace, effectively breaking the conventional speed/reach trade-off. CEO Fredrik Malmgren emphasized that this funding validates their technology and strategic direction, which focuses on both the robot and the software that supports it.
Looking ahead, Cognibotics aims to leverage this funding to bring the HKM1800 to market and further develop its software and automation strategies. The project aligns with the growing need for scalable automation solutions in Europe. No further timeline was disclosed at the time of publication.
Original report
Cognibotics selected for €6.5 million in EU accelerator funding
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