The investment will enable Auxivo to continue pushing the boundaries of exoskeleton technology, providing customers with the best possible products and driving advancements in the field. The partnership with Ankaa Ventures confirms Auxivo’s ability to shape the future of the industry.
“We strongly believe in Auxivo’s ability to drive innovation in the emerging exoskeleton market and develop impactful solutions to create sustainable working conditions across various industries”, said Damien Pierron, Partner at Ankaa Ventures, in a press release. "Improving health at work is a global issue, and we aim to leverage our international network to accelerate Auxivo’s expansion into new markets".
With the additional funding, Auxivo plans to accelerate its research and development efforts and expand its international presence.
"We are excited to have Ankaa Ventures as a partner with deep industry knowledge. Their support aligns with our commitment to advancing exoskeleton technology for the benefit of workers worldwide", adds Volker Bartenbach, CEO of Auxivo.
Exoskeletons for Sustainable and Healthy Physical Labour
Auxivo develops advanced occupational exoskeletons to reduce the physical workload and risk of injuries in industries like logistics, manufacturing, construction, or healthcare. The systems can be worn by workers and provide support to reduce the strain on the body during work.
The company aims to make exoskeletons accessible to everyone by developing systems that are easy to use and offer high performance at a fair price. The company’s vision is that occupational exoskeletons will become the new normal for sustainable and healthy physical labor.
Already today, Auxivo has launched multiple products that are being used by thousands of customers around the globe.
