Clearwater advises Embotech on securing funding to expand autonomous driving solutions for logistics
We have advised embotech AG (Embotech), an innovator in autonomous driving solutions for industrial logistics, on securing €25.3m (CHF 23.5m) in Series B funding to support the company scale its Automated Vehicle Marshalling (AVM) and Autonomous Terminal Tractor (ATT) solutions in Europe, and ultimately in the US, Middle East, and Asia. The funding round is led by Emerald Technology Ventures and Yttrium, with additional funds from BMW i Ventures, Nabtesco Technology Ventures, Sustainable Forward Capital Fund, RKK VC, and existing investors.
Headquartered in Zurich, Switzerland, Embotech is an award-winning provider of cutting-edge autonomous driving solutions for logistics, with a focus on AVM in passenger car factories and ATT at port terminals and logistic centres. The company delivers safe and reliable autonomous transportation by leveraging the real-time optimisation technology it has been developing since 2013.
For its AVM business, Embotech has signed a 10-year contract with automaker BMW to install its solution in several passenger car factories worldwide. With the rollout ongoing since late 2023, Embotech’s technology is already driving hundreds of cars per day through final production and is set to scale up to several thousand vehicles per day in early 2025. Embotech is the only vendor in the market with a certified AVM solution that is successfully deployed in a production environment.
In its ATT business, Embotech is preparing for a major rollout in Europe’s largest port, with 30 units set to be deployed over the next two years. The electric ATTs are equipped with Embotech’s Level 4 Autonomous Vehicle (AV) Kit, enabling them to operate autonomously in complex, mixed-traffic situations. Embotech’s autonomous tractors use a combination of LIDAR, cameras, and GPS to detect obstacles in all weather conditions, achieving localisation accuracy of less than 5 cm.
This investment brings a highly competent and professional group of new investors on board, enabling Embotech to expand its global presence and deliver leading-edge technology that empowers industrial logistics to transition towards a safer, more efficient, and sustainable future.
We are pleased to have advised Embotech on its successful Series B financing round, a testament to the company’s innovative strength and technological edge. This investment, led by a powerful consortium of technology and corporate venture capital firms, will drive further scaling and expansion in highly attractive market segments and innovation. With the help of the financial and strategic support from the new investors, Embotech will further expand its already market-leading position within the AVM and ATT areas.