Foresight Williams Technology EIS Fund invests £1.5m into workforce support robot-maker Inovo Robotics
- On November 11, 2018
- By GrowthInvest Admin
First modular collaborative robot (“cobot”) intended to focus on batch manufacturing tasks
Development of proprietary light-weight modular cobot
Developed by former defence robotics engineers
The Fund supports disruptive technologies with high performance engineering capability and proven investment management
LONDON, 05 November 2018: Foresight Group (“Foresight”) announces the £1.5m growth capital investment into Inovo Robotics Limited (“Inovo” or the “Company”) on behalf of the Foresight Williams Technology EIS Fund.
Inovo is developing a low-cost collaborative robot (“cobot”) that can integrate into existing workforce processes. Inovo’s modular design means the cobot can be easily adapted to varying customer requirements.
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