Mitsubishi Electric announces strategic investment in OTTO Motors

KITCHENER — Mitsubishi Electric Corporation, a company involved in factory automation solutions, announced a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, OTTO Motors.

OTTO Motors’ pioneering autonomous mobile robot (AMR) technology software are used by companies to deliver productivity and safety in material handling operations. The investment expands the strategic relationship between OTTO Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration.

“Industrial automation is continuing to transform businesses around the world. As a globally-trusted leader with a strong mission to invest in continuous technological innovation and ceaseless creativity, Mitsubishi Electric has been an important partner for OTTO Motors. We are proud to have their continued support and share a vision to accelerate industrial automation globally. We look forward to pursuing the tremendous opportunity ahead,” said OTTO Motors’ CEO & Co-Founder, Matt Rendall.

“The relationship between Mitsubishi Electric and OTTO Motors is built upon years of respect and trust. OTTO Motors is well positioned to become a leader in industrial autonomy. We see a bright future ahead for OTTO Motors and are honored to support their continued success,” said Mitsubishi Electric’s Chief Strategy Officer, Satoshi Takeda.