15th November 2024 – Malaysia-based robotics company DF Automation & Robotics (DF Auto) has raised $1.85 million in a funding round led by Vynn Capital. The investment is part of the firm’s mobility and supply chain fund, which is backed by KWAP, Sime Darby Berhad, MAVCAP, and other strategic partners.
The round also saw participation from returning investor Malaysian Technology Development Corporation (MTDC), new investor Japan’s Leave a Nest Capital, and individual investors through equity crowdfunding.
Founded in 2012 by engineers Dr Yeong Che Fai, Ricky Yap Wee Yang, and Tan Ping Hua, DF Auto focuses on developing autonomous mobile robots (AMRs) for industries facing challenges such as rising labor costs. The company designs and manufactures AMRs for a wide range of industries, including semiconductor manufacturing, automotive, electronics, food and beverage, aerospace, and healthcare.
DF Auto’s robots help automate intralogistics, reducing labor dependency, increasing operational efficiency, and improving safety, especially for repetitive tasks involving heavy loads. The company’s product lineup includes several AMR models designed for different purposes, such as Zalpha, Zetha, Zamma, Titan, and Zoei.
The company serves clients in countries across Southeast Asia, Europe, and beyond, including Malaysia, Singapore, Thailand, Indonesia, Vietnam, India, Ireland, and Malta. Its global client base includes multinational corporations from key industries.
The global industrial robot market is projected to generate $11.4 billion in revenue by 2029, and DF Auto aims to capture a significant share. The company has been recognized for its innovation, particularly its projects like Mak Cik Kiah 19 (MCK19), which distributed essential supplies to COVID-19 patients, and Zoei, an AMR with omnidirectional navigation for faster and safer operations.
Victor Chua, Founding & Managing Partner at Vynn Capital, emphasized the company’s potential for growth. “We believe the team at DF Auto is well-positioned to scale their business and create customer-centric products that will lead the next wave of industry transformation,” he said.
The new funding will help DF Auto expand its business and enhance its product offerings in the growing industrial robotics market.
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