Emerald Technology Ventures and Yttrium lead a CHF 23.5 million investment in Embotech, a Swiss company specializing in autonomous driving solutions for industrial logistics, to expand its operations in Europe and beyond.

Target Company Overview

Embotech, short for embedded optimization technologies, is an innovator specializing in autonomous driving solutions tailored for industrial logistics. Recently, the company has secured landmark multi-year contracts for its two primary products: the Automated Vehicle Marshalling (AVM) solution and the Autonomous Terminal Tractor (ATT) solution. With a CHF 23.5 million Series B funding round led by Emerald Technology Ventures and Yttrium, along with contributions from other notable investors, Embotech is poised for significant growth in Europe and beyond.

The AVM technology is particularly noteworthy, having received recognition as the only certified solution in the market. As part of its ongoing rollout, Embotech has entered a multi-year contract with BMW to integrate its AVM systems into six of the automaker's production plants, facilitating an efficient, driverless logistics process for vehicle manufacturing.

Industry Overview in Switzerland

Switzerland has rapidly established itself as a leader in technology and innovation, especially in the field of autonomous vehicles. The national landscape is characterized by a strong emphasis on precision engineering and