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Technology

Academy of Robotics Limited

Status: Expired

Dec 5th 2019 - Jan 17th 2020

Academy of Robotics is a company that specialises in combining artificial intelligence to create task simplifying machines. Its proprietary invention, Kar-Go, is one of the world’s first AI-controlled autonomous vehicles that aims to remove the need for human intervention in last-mile deliveries reducing labour costs by as much as 90%. Last-mile delivery is a £78 billion business, and e-commerce customers increasingly expect cheap and fast deliveries. This is where Kar-go aims to establish itself as the market leader. The company utilises 'Platform-as-a-service' business model where last-mile autonomous delivery is sold as a service that consists of sale or rental of vehicles & infrastructure, operators and maintenance services, and other verticals. For its innovation, Academy of Robotics has been cited by British business magnate Richard Branson & Virgin as one of the companies to make a serious impact in the autonomous car space. It has also been featured on TV and in over 200 publications including The BBC, Wired, Mail Online, Guardian amongst others. The company will use the investment to finance the building of 10 vehicles which will be used to facilitate on-road-trial.

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Academy of Robotics Limited Rating Review

Rated on 28/04/2020

Pitch Rated

55%

Insufficient Data

Management

87%

Product

77%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 87%

Skills 91%
The CEO of the company is a serial entrepreneur who is skilled in building teams, creating structure, seeking investment, and making the start-up an ideal acquisition target. Their Chief Designer is an award-winning vehicle design expert who is skilled in Composite Component Design, Race Car Restoration along with Suspension Design and Analysis. The Head of Comms & Strategic Partnerships has skills to build the brand and increase brand awareness through its building communications teams, creative problem-solving, influencer marketing, developing collaboration and managing multiple markets. Their Lead engineer is a PhD scholar in Artificial Intelligence with expertise in designing control systems for driverless cars to navigate on unmarked roads.

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Funding progress

not enough data

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  • Withheld
    pledged

    £2,500,000
    target

    £10,500,000
    pre-money valuation

    Unknown
    investors

    £Unknown
    pledge per investor

    09209349
    company number

    Active
    company status

    09/09/2014
    incorporated 6 years

    £0.72
    share price

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • Financial Times
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  • The Times
  • The Daily Telegraph