Naïo Technologies, a French Pioneer and world leader in agricultural robotics, has closed a 32 million euro fundraising round to take the business on the next stage in its development.
Led by Mirova, the affiliate of Natixis Investment Managers dedicated to sustainable investment, the new round features previous shareholders including the Ecotechnologies Fund, managed on behalf of the French State by Bpifrance within the France 2030 plan, Capagro, Demeter, Pymwymic and Codema. Regional funds M Capital and ARIS Occitanie joined as new investors.
Founded in 2011, Naïo Technologies develops, manufactures and markets autonomous robots for agriculture, working closely with farmers and winegrowers. The solutions tackle labour shortage, reduce physical strains and help to reduce soil erosion and the carbon footprint of farming and herbicides use.
The company’s first robot, Oz, was launched in 2013 and it was joined in 2018 by Ted, the first vineyard robot. In 2016, Naïo Technologies launched FIRA, the biggest global Agricultural robotics event, and three years later opened its US subsidiary company at Salinas, California, to focus on key agricultural hubs in North America.
This momentum accelerated the deployment of new robots worldwide, reaching 300 robots in operation by 2022. This year, Naïo launched two new products (Orio and Jo), addressing key customer needs, making Naïo Technologies the first manufacturer to provide a range of four robots.
The company employs 70 people and trades in 20 different countries through a dealer network. Thanks to this new fundraising round, Naïo Technologies will accelerate its international expansion and more than double its fleet in operation during the next two years.
