Tusk raises R&D funding

News Story
- 8 Sep 2022 ( #1093 ) - Foshan, China
1 min read
Tusk's unique form factor
Tusk's unique form factor

Unmanned forklift robotics company Tusk has received three rounds of financing totalling several hundred million yuan, following investment by Engage Capital, ZhenFund and 01VC. Chinese news service 36Kr reports that the funds will be mainly used for product development, team building and marketing.

Tusk was founded in 2021, and is located in Foshan, Guangdong Province. Its unmanned forklifts are different from products available on the market as they integrate automated guided vehicle (AGV) robotics with unmanned forklift functions. 

Tusk forklifts, dubbed ‘stealth pallet robots’, have an overall height of no more than 150 mm.

Tusk has given its unmanned forklifts a thin and light chassis form, allowing LiDAR scanning to be carried on the chassis, improving obstacle avoidance.

The new robotic forklift is also different from traditional submerged top-lift robots in that it can carry pallets directly without additional carriers. 

Tusk has adopted a modular approach to make its hardware equipment more standardised in form. In terms of software, Tusk utilises a low-code system to allow users to achieve rapid deployment by dragging and dropping the build diagram, shortening project implementation cycles to less than one week.

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In this week’s Forkliftaction News , we report on the GEP Global Supply Chain Volatility Index which shows Asian supply chains are at their busiest since June 2022 while the US and Europe’s supply chains remain under-utilised. One of the report authors describes the situation as being “as stable as it’s going to get”... Continue reading

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