Wheel me secured funding from Nabtesco Technology Ventures, Emerald Technology Ventures and Idekapital Fund 1.
wheel.me, an Oslo, Norway-based robotics and IoT company, announced in a press release that it secured a capital investment round.
The funding was provided by Japanese and Norwegian investors, including Nabtesco Technology Ventures, Idekapital Fund 1 and angels Tore Engebretsen, Harald Norvik and Frode Foss. The investment is also supported by Emerald Technology Ventures.
The company will use the funds from this investment to accelerate product development and certification, to establish a manufacturing facility, and to develop its presence in global markets. Through this transaction, Nabtesco will explore the possibility of developing new products and services by combining its motion control technology with wheel.me’s autonomous drive technology.
wheel.me, founded in 2013 and led by CEO Atle Timenes, manufactures a smart-wheel technology that allows users to move heavy objects indoors using a smartphone app or voice commands. wheel.me works with global companies such as P&G, Faurecia, Porsche, Webasto and Skanska. The company develops and commercializes the world’s first autonomous wheel, known as wheel.me Genius. This product allows users to transform any object into a robotic device – with minimal effort and without the need to change design or form factor. The solution creates value in a large number of use-cases, in a wide range of business areas driven by hyper-automation.