May 10, 2021

Xerotech and Agder partner on electric vehicle production

Electrification
batteries
Scandinavia
Dominic Ellis
2 min
The collaboration represents Xerotech’s entry into the Scandinavian market as well as Agder’s move into battery-electric equipment
The collaboration represents Xerotech’s entry into the Scandinavian market as well as Agder’s move into battery-electric equipment...

Xerotech and Agder will electrify over 200 units of construction and mining machinery in the next five years using Xerotech's scalable Hibernium battery platform. 

The collaboration represents Xerotech’s entry into the Scandinavian market as well as Agder’s move into battery-electric equipment.

Dr. Barry Flannery, CEO and Founder of Xerotech, said until now, it has been virtually impossible for construction and mining equipment suppliers to electrify low-volume high-diversity machines. 

"We are providing Agder Gruppen with a complete common platform solution across all machines eliminating bespoke engineering and development per machine,” he said. 

The Scandinavian market is at the forefront of heavy-duty electrification worldwide and our partnership with Agder will enable both companies to lead the market’s transition to zero-emission machinery, added Thomas Tomaszewski, VP of Business Development at Xerotech.

Non-road mobile machinery is widely being recognised as the next frontier of electrification. "The industry is changing and we have worked intensively over the past year to come up with solutions for fossil-free machines," said Kjell Vidar Hamre, Agder’s CEO. "It is important for the industry that we as suppliers take responsibility, and take guidelines and political decisions seriously. We will soon come up with more products that are both electric and battery powered."

Xerotech recently acquired three new units in the Claregalway Corporate Park which will extend the company's current footprint to 50,000 sq ft. It will now have two dedicated units for fully automated serial manufacturing lines and a third to support 70 new staff. 

The firm is also in final stages of green-field site selection in Galway for its European Gigafactory Complex which will exceed 250,000 sq ft in its first phase. 

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Jun 23, 2021

SafeAI attracts $21m funding as SmartMix AI tool launches

AI
Technology
Autonomoustrucks
funding
Dominic Ellis
3 min
News of SafeAI's new funding to develop connected, autonomous sites follows Giatec's launch of SmartMix AI tool

SafeAI has announced $21 million in Series A funding led by Builders VC which will accelerate R&D and fuel global expansion to meet rising demand for autonomous heavy equipment.

SafeAI is driving the transformation of the mining and construction industries through connected, autonomous sites. With chronic labour shortages, unsafe working conditions and frequent project delays, these industries are in a unique position to benefit from autonomy.

Unlike on-road applications of the technology, autonomous heavy equipment operates in controlled environments, which means companies can create smarter, safer, more productive project sites today that create meaningful, near-term impact.

“We are at a tipping point for autonomous heavy equipment,” said Bibhrajit Halder, founder and CEO at SafeAI. “We’ve proven that autonomy makes work sites significantly safer and more productive; now, we are on the cusp of mass adoption. Together with our valued partners, customers and investors, we’re poised to deploy autonomy in off-road industries like construction and mining, at scale, to rethink the way heavy industry operates.”

Heavy industry is a large, growing global market, ripe for disruption. The construction equipment market alone is valued at $140 billion, and expected to increase to $175 billion by 2025; construction-related spending accounts for a staggering 13% of global GDP, or $11.5 trillion.

But there remains significant room for growth; in construction alone, higher productivity could create an estimated $1.6 trillion in additional value. With just 25% of the infrastructure needed by 2050 in existence today, autonomy can bridge this productivity gap with greater efficiency and 24/7 operations. SafeAI is at the forefront of this transformation.

“There’s a tremendous amount of excitement in the autonomy space today; but it’s clear the biggest opportunity for this technology is off-road,” said Mark Blackwell, General Partner at Builders VC. “With its industry-leading autonomous software, scalable retrofit approach and partner ecosystem, SafeAI is uniquely poised to capitalize on this opportunity. We’re proud to support the company in its next chapter of growth as demand for autonomous heavy equipment continues to skyrocket.”

New investors LTCDG VenturesMACA and Vimson Group, and existing investors Autotech VenturesBrick and Mortar VenturesEmbark VenturesMonta Vista Capital and Obayashi Corporation, also participated in the round. The funding comes on the heels of a year of rapid growth for SafeAI, including new partnerships with ObayashiGoodyear and Macnica, and expansion into Australia’s booming mining market. 

A pilot program with Obayashi Corporation last November saw a Caterpillar 725 articulated dump truck autonomously complete a vital on-site function and carry out load-haul-dump cycles.

Giatec debuts SmartMix AI tool

Giatec has debuted what it claims is the world's first concrete AI tool for producers, SmartMixThe web-based AI tool allows producers to optimise concrete ingredient proportions, reduce cement usage, and predict the performance of their mixes while still meeting project specifications.

Giatec believes this tool will lower Greenhouse Gas emissions resulting from concrete production by 400 million tons annually, the equivalent of taking 110 million cars off the road.

SmartMix builds on Giatec's first AI software program Roxi, which has collected millions of data points from the company's SmartRock wireless concrete sensors across 8,000 projects and 80 countries.

Giatec's head of research and development, Andrew Fahim, said the new technologies are going to pave the path forward for the industry to meet increasing infrastructure demands.

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