24.09.2012

Invus invests in Finnish robotic waste sorting system

Innovative ZenRobotics recycler is now attracting customers globally.

Invus, an international equity investor with evergreen capital, has invested EUR 13 million in the Finnish company ZenRobotics Ltd which has created the world’s first robotic waste sorting system. The funding allows ZenRobotics to grow and to commercialize its ZenRobotics Recycler product on a global scale. Lifeline Ventures, a Finnish technology accelerator, is also participating in the investment with a minority stake.

 

The ZenRobotics Recycler (ZRR) is a revolutionary robotic waste sorting system. The ZRR system reclaims valuable raw materials from construction and demolition waste, with industrial robots controlled by artificial intelligence. The system offers significant savings in disposal costs by identifying and picking valuable raw materials that would otherwise be lost.

 

According to ZenRobotics, payback time for the system is estimated at less than a year. A robot utilising ZenRobot’s artificial intelligence has been tested at SITA Finland in Helsinki where it has sorted construction waste from a passing conveyor belt.

 

Fast growth expected

 

“Our continued partnership with Invus opens great possibilities. We can now go global, fast. The robotic revolution in recycling is closer than ever,” says Juho Malmberg, CEO, ZenRobotics Ltd. The ZRR system is marketed globally, through a reseller network in 49 countries.

 

According to Wassim Sacre, Director, Invus, the ZRR sorting system is attracting customers globally. “Invus has now worked with ZenRobotics for a year and we’re excited. The team is exceptionally capable and ready to go global. We’re now investing in high-powered growth,” he says.

 

ZenRobotics, headquartered in Helsinki, Finland, is a privately held company owned by its founders, management, key personnel, and investors. Invus is an international equity investor with over USD 4 billion of evergreen capital under management. Lifeline Ventures is a Finnish technology accelerator that invests in companies and teams looking to radically change the industries they operate in.

 

Sources: ZenRobotics, Talouselämä