Agroverse Secures €200K Funding to Launch its First Agricultural Robot
Agroverse, a recently founded startup company, has announced that it has secured a €200K funding round just three months after its establishment. The funding was signed in December 2022, with TECS Capital, which invests in emerging technologies with a focus on sustainability and Industry 4.0 technologies.
Agroverse's founders, Dimitris Koutras and Yiorgos Bontzios, recognized the challenges faced by farmers in their daily tasks and joined forces to create a powerful robotic tool that will become the workforce of today's farmers. Dimitris, who grew up in a rural region, witnessed the difficulties of agriculture firsthand and came up with the idea of a robot to help farmers with their daily tasks. Yiorgos, with many years of experience in the startup ecosystem, believed in the idea right from start, and together they are set to create the first-ever agricultural robot-as-a-service in Greece.
The first version of Agroverse's agricultural robot will be available in April and will provide weeding and spraying services. Yiorgos believes that this machinery will revolutionize the agricultural industry, while Dimitris is already working on the new version of the robot that will deliver new services to farmers and their plantations. “Our vision is a world where farmers can afford to rest. We are set to make it happen.” said Yiorgos.
The significance and the contribution of this robotic machine have attracted the attention of TECS Capital, which invests in innovative technologies that promote sustainability. Sotiris Siagas, Partner at TECS said "Agriculture is one of the most critical and challenging industries due to factors such as climate change, limited resources, and increasing demand for production. Drone technology and agricultural robots have the potential to help address some of these challenges by enabling more efficient and sustainable farming practices with the use of Industry 4.0 technologies. We are really excited with Agroverse team building a state-of-the-art Agritech product and at the same time making a positive impact on the world.”
Agroverse's team is thrilled about this funding round, which brings them one step closer to their dream of lending a robotic hand to those who feed the world. With their innovative approach and their commitment to sustainability, Agroverse is poised to become a major player in the agricultural industry.