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Announced

Completed

BMW i Ventures led a $20m funding round in Fox Robotics.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Machinery: Industrial

Single Bidder

Acquisition

Majority

Cross Border

forklifts

United States

Friendly

Venture Capital

Completed

Synopsis

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BMW i Ventures, a venture capital firm, led a $20m funding round in Fox Robotics, an autonomous forklift company, with participation from Zebra Technologies, Japan Airlines, Translink Innovation Fund, Foothill Ventures, Menlo Ventures, ENIAC Ventures, and SignalFire. “Supply chain efficiency and resiliency are top of mind for many companies today. Fox Robotics’ autonomous forklifts allow customers to handle loads quicker and safer while increasing overall workplace productivity. We’re excited for Fox Robotics’ next phase of growth, bringing intelligent automation solutions to the global supply chain,” Kasper Sage, BMW i Ventures Managing Partner.

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