May 30, 2024

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Crozet-centered Perrone Robotics gets $10 million equity expense | Business enterprise Local

1 min read


Perrone Robotics vehicle

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Crozet-primarily based Perrone Robotics has obtained a $10 million equity expenditure from enterprise incubator and investment decision team CapStone Holdings.

Perrone Robotics develops autonomous automobile computer software and a retrofit package identified as TONY.

In a news release, the company said it will use some of the financial commitment to build an highly developed autonomous automobile testing facility at the American Middle for Mobility in Michigan, which will allow “high-velocity and ongoing testing of autonomous transit vans, shuttles and other autos equipped with Perrone’s TONY product or service.”

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“CapStone Holdings’ financial investment makes it possible for us to scale and seize the incredible pipeline of prospect and interest our technological innovation has garnered more than the earlier few several years,” Perrone Robotics founder and CEO Paul Perrone said in the launch.

Perrone explained their retrofit package strategy has “touched a nerve” and that the investment decision and the opening of a take a look at facility at ACM, “will bring a hardened and tested commercial merchandise thoroughly to current market.”

In 2019, Perrone Robotics, in a partnership with JAUNT and Albemarle County, ran a pilot autonomous shuttle system in Crozet.

At the close of 2020, the company introduced the deployment of an all-electric, absolutely autonomous, paratransit motor vehicle to the Jacksonville Transit Authority in Florida.

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