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Swap Robotics Secures $3 Million Investment from ARRAY Technologies

November 26, 2024 by Robert Lewis

Kitchener-based Swap Robotics has received a significant boost in its mission to revolutionize solar power deployment, securing a $3 million investment from ARRAY Technologies, a global leader in solar tracker technology.

The investment, part of Swap Robotics’ pre–Series A funding round, highlights ARRAY’s commitment to driving innovation and sustainability in the utility-scale solar sector. ARRAY also pledged an additional $2 million contingent on Swap Robotics achieving specific milestones, emphasizing its confidence in the company’s groundbreaking technology.

“Swap Robotics is developing a disruptive technology that perfectly fits with our mission to innovate and lead in the solar industry,” said Kevin G. Hostetler, CEO of ARRAY. “As the utility-scale PV installation market stands at a crossroads, ripe for automation, we see an exciting opportunity to set new standards that drive project efficiency and customer value.”

Swap Robotics, known for its utility-scale robotic solutions for solar operations and maintenance, is poised to redefine solar panel installation. The company’s 100% electric, heavy-duty robots have already logged over 8,000 miles of autonomous navigation in harsh conditions, managing vegetation and addressing labor-intensive tasks on solar sites.

The partnership aims to integrate Swap Robotics’ advanced automation technology with ARRAY’s solar tracking systems, enhancing efficiency, reducing costs, and optimizing installation processes. “ARRAY is the perfect strategic partner as we continue to revolutionize solar construction with our automated solutions,” said Tim Lichti, CEO of Swap Robotics.

ARRAY’s investment positions it at the forefront of automation in the solar industry. By embracing robotics, the company aims to streamline solar project execution while reinforcing its leadership in sustainability and global decarbonization efforts.

This collaboration marks a pivotal moment for Swap Robotics, solidifying its role as a key player in utility-scale solar automation. As both companies innovate to meet the growing demand for clean energy, this partnership underscores the transformative potential of automation in accelerating the clean energy transition.

Filed Under: News Tagged With: Swap Robotics

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