By Steve Crowe
Scythe Robotics, a Colorado-based developer of autonomous lawnmowers for the professional landscape industry, raised $42 million in Series B financing. The round was led by Energy Impact Partners and included additional new investors ArcTern Ventures, Alumni Ventures and Amazon’s Alexa Fund, alongside participation from existing investors True Ventures, Inspired Capital and more.
Scythe Robotics said the funding will help it meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower. Founded in 2018, this financing round brings the company’s total capital raised to date to $60.6 million.
According to Scythe Robotics, the latest generation of Scythe M.52 can mow all day on a single charge. It features a suite of sensors that enable it to operate safely in dynamic environments by identifying and responding to the presence of humans, animals and other potential obstacles. Simultaneously, it captures property and mower performance data that helps landscapers improve workflow, identify upsell opportunities, schedule more efficiently and manage labor costs.
“Since launching from stealth in June 2021, we’ve seen overwhelming interest from commercial landscape contractors in Scythe M.52 as a solution addressing both their crippling labor pains and their electrification needs,” said Jack Morrison, co-founder and CEO of Scythe. “We’re thrilled to expand our outstanding investor list, particularly with the addition of influential climate-tech investors Energy Impact Partners and ArcTern Ventures, and secure more capital to scale and meet the phenomenal demand for M.52 as we work to decarbonize the landscape industry.”
Morrison was a guest on The Robot Report Podcast in June 2022. He discussed the commercial market for autonomous mowers and how Scythe is going to market to support the needs of commercial landscapers with its Robots-as-a-service (RaaS) business model.Continue reading… “Scythe Robotics raises $42M to scale autonomous lawnmowers”