Robeff Technology Receives $1.5 Million Investment

Robeff Technology, a Turkish startup working on electric and driverless delivery vehicles, received seed investment with a valuation of 1.5 million dollars. Adventures Venture Capital Investment Fund and Yıldız Tekno VCIT participated in this investment round. No information on the financial transactions of the investment was shared with the public.

Robeff Technology was established in YTU Yıldız Technopark in 2021. It was founded by Özkan Köroğlu, Hüseyin Baki İnan, Coşkun Arslan, Ahmet Can Kara and Yunus Emre Elaydın. The startup will develop and shape electric driverless delivery robots at large scales with the investment it has received. Robeff Technology received a pre-seed investment from Leo Drive when it started its operations. With this investment, the startup had achieved significant growth and collaborations.

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Robeff Technology Goals Efficient and Convenient Delivery Process

The startup will use the investment it received from Yıldız Tekno VCIT for traceable, cheap, predictable and efficient delivery processes. Adopting a versatile design approach, the startup aims to realize multiple deliveries over a single route. It will do this with route optimization algorithms developed by them. At the same time, it wants to make traffic more fluid with a sustainable delivery process.

The startp continues its activities with a team of 12 people. It will also expand its team in line with its targets. It will also accelerate its R&D activities. It will complete the prototype vehicle by the end of 2023 with the investment of Yıldız Tekno GSYO and Adventures Venture Capital Investment Fund. Immediately afterwards, it will start delivery operations. In August 2023, it will make its first end-to-end delivery operation.

Robeff Technology will cooperate with the markets in our country after completing the first operation in delivery. In particular, it plans to make deliveries through a minimum of 3 different locations. Immediately afterwards, it will turn to the European market. Next year, it will carry out pilot studies in at least two European countries.