Husqvarna Ventures invests MEUR 2.5 in Angsa Robotics to expand innovation in green space management
Husqvarna Group, the global leader in outdoor power products, is pleased to announce an investment of MEUR 2.5 in Angsa Robotics, a Munich-based startup disrupting automated waste collection in green spaces. The investment by Husqvarna Ventures, the corporate venture capital arm of Husqvarna Group, aims to accelerate the development and commercialization of Angsa's groundbreaking robotics platform.
Angsa Robotics is developing an autonomous solution, providing a cost-efficient, ecologically friendly and AI-adaptive robot for waste collection in green spaces. With its ability to navigate autonomously, detect obstacles and collect litter, Angsa Robotics’ technology offers another opportunity within green space management.
“Husqvarna Ventures sees significant potential in Angsa Robotics' unique solution for automating waste collection in green spaces. By investing at an early stage, Husqvarna can contribute to the development of Angsa's innovative technology and collaborate around potential future product offerings. This investment aligns perfectly with our strategy to explore new complementary robotics applications and address the evolving needs of commercial green space management”, says Mark Johnson, Head of Husqvarna Ventures.
"We are thrilled to have Husqvarna Ventures as our strategic investor. Their deep understanding of the robotics market, combined with their extensive global network, will provide invaluable support in scaling our development and accelerating our go-to-market strategy. We look forward to collaborating with Husqvarna Group to bring our cutting-edge robotics platform to customers worldwide", says Lukas Wiesmeier, CEO and Co-Founder of Angsa Robotics.
For additional information, please contact:
Media
Henrik Sjöström, Head of External Communications
+46 727 15 77 85
press@husqvarnagroup.com
Investors
Johan Andersson, Vice President Investor Relations
+46 702 100 451
ir@husqvarnagroup.com
Husqvarna Group
Husqvarna Group was founded in 1689 and is today a world-leading manufacturer of innovative products and solutions for forest, park, and garden management. The range includes robotic lawnmowers, chainsaws, trimmers, riding lawnmowers and garden irrigation. Husqvarna Group is also a leader in equipment and diamond tools for the construction and stone industries. The Group's products and solutions are mainly sold under the global Husqvarna and Gardena brands via direct sales, dealers and retailers to consumers and professional users in more than 100 countries. Sales in 2022 amounted to SEK 54 billion and the Group has approximately 14,400 employees in 40 countries.
