Latest news with #Wandercraft
Yahoo
12-06-2025
- Business
- Yahoo
Wandercraft raises $75m in funding to introduce self-balancing exoskeleton
Robotics company Wandercraft has raised $75m in a Series D funding round to introduce the self-balancing personal exoskeleton, Eve, to market by 2026. This investment will fuel the company's growth and the expansion of its flagship rehabilitation system, Atalante X, which received FDA clearance. After receiving second clearance, Atalante X's use was expanded to US hospitals and clinics. It will also support the development and deployment of Calvin-40, Wandercraft's humanoid robot. The Series D round saw significant contributions from Renault Group, PSIM fund, Quadrant Management, and Teampact Ventures, among others. Since its last funding round, Wandercraft has experienced substantial growth, with a tenfold revenue increase propelled by the commercial expansion in the US. The Series D funding follows a strategic partnership and minority stake acquisition by Renault Group, which will leverage its industrial know-how to scale up production of exoskeletons and robots of Wandercraft. This industrial-grade robot, capable of performing physically demanding tasks, is said to have been developed in just 40 days using Wandercraft's quick development process and integrated with NVIDIA's Isaac technologies. Wandercraft co-founder and CEO Matthieu Masselin said: "The momentum we've achieved over the past few years is extraordinary. 'We've expanded globally, launched pivotal clinical trials, readied the commercialisation of Eve, our personal exoskeleton, and entered a landmark partnership with Renault Group.' Wandercraft's Atalante X is currently leveraged to assist individuals with disabilities in over 100 rehabilitation centres across four continents. The introduction of Eve aims to aid the users of wheelchairs by enabling standing and walking in daily life. "Wandercraft raises $75m in funding to introduce self-balancing exoskeleton" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Wandercraft raises $75m in funding to introduce self-balancing exoskeleton
Robotics company Wandercraft has raised $75m in a Series D funding round to introduce the self-balancing personal exoskeleton, Eve, to market by 2026. This investment will fuel the company's growth and the expansion of its flagship rehabilitation system, Atalante X, which received FDA clearance. After receiving second clearance, Atalante X's use was expanded to US hospitals and clinics. It will also support the development and deployment of Calvin-40, Wandercraft's humanoid robot. The Series D round saw significant contributions from Renault Group, PSIM fund, Quadrant Management, and Teampact Ventures, among others. Since its last funding round, Wandercraft has experienced substantial growth, with a tenfold revenue increase propelled by the commercial expansion in the US. The Series D funding follows a strategic partnership and minority stake acquisition by Renault Group, which will leverage its industrial know-how to scale up production of exoskeletons and robots of Wandercraft. This industrial-grade robot, capable of performing physically demanding tasks, is said to have been developed in just 40 days using Wandercraft's quick development process and integrated with NVIDIA's Isaac technologies. Wandercraft co-founder and CEO Matthieu Masselin said: "The momentum we've achieved over the past few years is extraordinary. 'We've expanded globally, launched pivotal clinical trials, readied the commercialisation of Eve, our personal exoskeleton, and entered a landmark partnership with Renault Group.' Wandercraft's Atalante X is currently leveraged to assist individuals with disabilities in over 100 rehabilitation centres across four continents. The introduction of Eve aims to aid the users of wheelchairs by enabling standing and walking in daily life. "Wandercraft raises $75m in funding to introduce self-balancing exoskeleton" was originally created and published by Medical Device Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
06-06-2025
- Automotive
- Forbes
Renault Is Now A Strategic Partner And Investor In Wandercraft
Sneak peek of the Calvin-40 The Renault Group has finalized a minority investment in the French self-balancing exoskeleton developer Wandercraft. This agreement unlocks new funding and serves as a vote of confidence in the technology that enables people confined to a wheelchair to stand and walk again without the need for crutches or walkers. Furthermore, the Renault Group will leverage Wandercraft's technical expertise to develop a new line of humanoid robots. This strategic partnership is initially focusing on Calvin, a line of next-generation robots for manufacturing operations (a sneak peek of the Calvin-40 is featured above). The intent is for these robots to perform tasks that require handling of loads in body positions that put too much wear and tear on workers' bodies. Finally, the partnership envisions leveraging Renault's assembly expertise to make robots and exoskeletons more affordable and easier to produce at scale. 'We are proud to continue advancing our mission through this strategic partnership. After millions of steps, and numerous awards recognizing our use of AI for good, this move takes us to the next level. As a world-class manufacturer, Renault Group strengthens our ability to produce at scale while increasing access, which remains critical for our soon-to-be customers walking again in Eve. Renault Group also brings tremendous technological synergies and represents our very first customer in a growing list of clients.' - Matthieu Masselin, CEO and co-founder of Wandercraft. 'This partnership with Wandercraft is a forward-looking move. It will allow us to accelerate on automation and to develop robots for our specific auto industrial use, giving us the opportunity to concentrate our people on more value-adding tasks and alleviate operators from painful and non-ergonomics duties. It will drive productivity through the acceleration of production time and cost reduction. In the end, it makes a lot of sense to combine Wandercraft's unique expertise and technology in exoskeletons and robots, with Renault Group's strong industrial capacity and design-to-cost know-how to bring the production of robots at scale' said Thierry Charvet, Chief Industry and Quality Officer of Renault Group. Indeed, Renault Group's trust in Wandercraft appears to be well placed. Wandercraft's self-balancing exoskeleton won the Artificial Intelligence Innovation Award at SXSW 2025. Wandercraft's use of AI was also highlighted in NVIDIA's CEO Keynote speech at CES 2025, Las Vegas. The company was able to compete by placing a mannequin inside their exoskeleton and still won first place in two disciplines at Humanoids 24. Finally, this isn't even the first time an exoskeleton developer has applied their expertise to the world of humanoid robotics. That honor goes to Fourier, which launched the GR-1 humanoid robot five years after releasing their first walking-assist exoskeleton. The Renault Group has chosen not only to invest in Wandercraft but also to partner with them in creating new and more affordable robotic solutions that improve people's lives.
Yahoo
06-06-2025
- Automotive
- Yahoo
Renault Group finalises a strategic partnership with Wandercraft, a leader in next generation robotics
PRESS RELEASEJune 6, 2025 Renault Group finalises a strategic partnership with Wandercraft, a leader innext generation robotics Renault Group announces the closing of the acquisition of a minority investment in Wandercraft, a French company with an undisputed leadership in AI-enabled robotic exoskeletons for people with reduced mobility, currently deploying its technology towards mobile robots for industrial uses. This investment comes together with a partnership agreement to develop a family of next generation robots, based on Wandercraft's technology, firstly for Renault Group's own manufacturing operations. The partnership brings Renault Group's industrial expertise to scale up production of Wandercraft's exoskeletons and robots. It will also help Wandercraft open new business opportunities in robotics. Boulogne-Billancourt, June 6, 2025 – Renault Group and Wandercraft announce the closing of a minority investment by Renault Group in Wandercraft, the first company to develop, manufacture and market medical self-balancing exoskeletons. Building on its strong expertise in powerful and reliable exoskeletons, Wandercraft has developed an advanced platform for uses such as manufacturing. Renault Group invests together with Wandercraft's existing shareholders and new investors. Through a commercial partnership agreement, Renault Group and Wandercraft aim to ensure the development of Calvin, a family of next generation robots, firstly for industrial uses. Calvin will allow Renault Group to relieve its workers from painful and non-ergonomics tasks, while reducing production time and thus gaining on productivity. At a later stage, this partnership will also include the industrialization of robots and exoskeletons by Renault Group in order to reduce costs through design-to-cost and scaling — two disciplines in which the automotive industry is well recognized. This will help Wandercraft to bring its new exoskeleton Eve on the market and open new business opportunities in robotics. "This partnership with Wandercraft is a forward-looking move. It will allow us to accelerate on automation and to develop robots for our specific auto industrial use, giving us the opportunity to concentrate our people on more value-adding tasks and alleviate operators from painful and non-ergonomics duties. It will drive productivity through the acceleration of production time and costs' reduction. In the end, it makes a lot of sense to combine Wandercraft's unique expertise and technology in exoskeletons and robots, with Renault Group's strong industrial capacity and design-to-cost know-how to bring the production of robots at scale" said Thierry Charvet, Chief Industry and Quality Officer of Renault Group. 'Renault Group's investment marks a defining moment for Wandercraft. This partnership will boost our ability to build and scale high-impact, low-cost robotics that improve the everyday lives of real people—whether it's helping individuals with disabilities walk or supporting industrial workers through automation — on the factory floor, in clinics and at home. We're proud to combine our technology with Renault Group's industrial excellence to deliver the next generation of mobile robotics' said Matthieu Masselin, CEO and co-founder of Wandercraft. RENAULT GROUPINVESTOR RELATIONS Philippine de 6 13 45 68 39 RENAULT GROUP PRESS CONTACT Rie Yamane +33 6 03 16 35 François Rouget+33 6 23 68 07 WANDERCRAFT PRESS CONTACT Lilly Kofler +1 Jean-Louis Constanza+33 607 529 About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its 4 brands - Renault - Dacia - Alpine and Mobilize - and offers sustainable and innovative mobility solutions to its customers. Established in 114 countries, Renault Group sold 2.265 million vehicles in 2024. It employs more than 98,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group's ambition is to achieve carbon neutrality in Europe by 2040. More information: About WandercraftWandercraft deploys the most advanced robotics to help humans. Founded in 2012, Wandercraft is globally recognized for its next-generation exoskeleton technology that safely and reliably helps walking-impaired persons to walk again. Wandercraft has more than 30 patents and 100 Atalante exoskeletons operating in hospitals across four continents. The new personal exoskeleton, Eve, will be marketed in a few months to assist quadriparetic persons in their daily lives. Wandercraft's humanoid exoskeletons collectively take over a million steps each month, fueling a proprietary neural network trained on real-world movement data. This dataset, one of the most advanced in human motion, powers Wandercraft's next generation of exoskeletons and robots, starting with Calvin 40, developed in 40 days as the first of the Calvin family of humanoid robots. Wandercraft believes that robotics should serve the people who need it most. More information: Attachment 20250606_ EN_Renault Group_Press Release Closing WandercraftSign in to access your portfolio
Yahoo
06-06-2025
- Automotive
- Yahoo
Renault Group finalises a strategic partnership with Wandercraft, a leader in next generation robotics
PRESS RELEASEJune 6, 2025 Renault Group finalises a strategic partnership with Wandercraft, a leader innext generation robotics Renault Group announces the closing of the acquisition of a minority investment in Wandercraft, a French company with an undisputed leadership in AI-enabled robotic exoskeletons for people with reduced mobility, currently deploying its technology towards mobile robots for industrial uses. This investment comes together with a partnership agreement to develop a family of next generation robots, based on Wandercraft's technology, firstly for Renault Group's own manufacturing operations. The partnership brings Renault Group's industrial expertise to scale up production of Wandercraft's exoskeletons and robots. It will also help Wandercraft open new business opportunities in robotics. Boulogne-Billancourt, June 6, 2025 – Renault Group and Wandercraft announce the closing of a minority investment by Renault Group in Wandercraft, the first company to develop, manufacture and market medical self-balancing exoskeletons. Building on its strong expertise in powerful and reliable exoskeletons, Wandercraft has developed an advanced platform for uses such as manufacturing. Renault Group invests together with Wandercraft's existing shareholders and new investors. Through a commercial partnership agreement, Renault Group and Wandercraft aim to ensure the development of Calvin, a family of next generation robots, firstly for industrial uses. Calvin will allow Renault Group to relieve its workers from painful and non-ergonomics tasks, while reducing production time and thus gaining on productivity. At a later stage, this partnership will also include the industrialization of robots and exoskeletons by Renault Group in order to reduce costs through design-to-cost and scaling — two disciplines in which the automotive industry is well recognized. This will help Wandercraft to bring its new exoskeleton Eve on the market and open new business opportunities in robotics. "This partnership with Wandercraft is a forward-looking move. It will allow us to accelerate on automation and to develop robots for our specific auto industrial use, giving us the opportunity to concentrate our people on more value-adding tasks and alleviate operators from painful and non-ergonomics duties. It will drive productivity through the acceleration of production time and costs' reduction. In the end, it makes a lot of sense to combine Wandercraft's unique expertise and technology in exoskeletons and robots, with Renault Group's strong industrial capacity and design-to-cost know-how to bring the production of robots at scale" said Thierry Charvet, Chief Industry and Quality Officer of Renault Group. 'Renault Group's investment marks a defining moment for Wandercraft. This partnership will boost our ability to build and scale high-impact, low-cost robotics that improve the everyday lives of real people—whether it's helping individuals with disabilities walk or supporting industrial workers through automation — on the factory floor, in clinics and at home. We're proud to combine our technology with Renault Group's industrial excellence to deliver the next generation of mobile robotics' said Matthieu Masselin, CEO and co-founder of Wandercraft. RENAULT GROUPINVESTOR RELATIONS Philippine de 6 13 45 68 39 RENAULT GROUP PRESS CONTACT Rie Yamane +33 6 03 16 35 François Rouget+33 6 23 68 07 WANDERCRAFT PRESS CONTACT Lilly Kofler +1 Jean-Louis Constanza+33 607 529 About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its 4 brands - Renault - Dacia - Alpine and Mobilize - and offers sustainable and innovative mobility solutions to its customers. Established in 114 countries, Renault Group sold 2.265 million vehicles in 2024. It employs more than 98,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group's ambition is to achieve carbon neutrality in Europe by 2040. More information: About WandercraftWandercraft deploys the most advanced robotics to help humans. Founded in 2012, Wandercraft is globally recognized for its next-generation exoskeleton technology that safely and reliably helps walking-impaired persons to walk again. Wandercraft has more than 30 patents and 100 Atalante exoskeletons operating in hospitals across four continents. The new personal exoskeleton, Eve, will be marketed in a few months to assist quadriparetic persons in their daily lives. Wandercraft's humanoid exoskeletons collectively take over a million steps each month, fueling a proprietary neural network trained on real-world movement data. This dataset, one of the most advanced in human motion, powers Wandercraft's next generation of exoskeletons and robots, starting with Calvin 40, developed in 40 days as the first of the Calvin family of humanoid robots. Wandercraft believes that robotics should serve the people who need it most. More information: Attachment 20250606_ EN_Renault Group_Press Release Closing WandercraftError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
