Aigen, a company specializing in solar-powered agriculture robots, has successfully concluded its Series A funding round, raising USD 12 million (EUR 11.2m). This substantial investment will empower Aigen to ramp up its manufacturing capabilities, addressing the surge in pre-order demand for its innovative solutions.
Having garnered a total of USD 19 million in funding thus far, Aigen is set to establish a 7,500 sq ft (697 sq m) manufacturing and research and development (R&D) facility dedicated to the production of its autonomous robots.
Scheduled for introduction in April 2024, the Aigen Element robotics service aims to cover farms spanning over 20,000 acres (8,094 ha) in the United States. The service is designed to deliver efficient weed control and real-time insights to farmers, enhancing agricultural practices.
ReGen Ventures spearheaded the funding round, with noteworthy participation from NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. Rose Marcario, Partner at ReGen Ventures and former CEO of Patagonia, expressed confidence in Aigen's advancements, stating, “The Aigen team's exceptional progress in hardware and software development has us eagerly supporting their next phase – scaling.”
Aigen's robotic fleet represents a significant stride in sustainable agriculture, offering autonomous navigation, weed control, and crop analysis without the use of chemicals or fossil fuels. The company's commitment to eco-friendly solutions aligns with the evolving landscape of precision farming.
As Aigen positions itself for widespread implementation, the infusion of Series A funding underscores the growing investor confidence in the potential of solar-powered robotics to revolutionize modern agriculture.
