Locus Robotics has raised a $150M Series E
Massachusetts-based Locus Robotics today announced a $150 million Series E. The round, led by Tiger Global Management and Bond, brings the firm’s total to around $250 to date, and values the robotics company at $1 billion. Locus is notable for a more modular and flexible solution for automating warehouses than many of its competitors (see: Berkshire Grey). The company essentially leases out robotic fleet for organizations looking to automate logistics.
“We can change the wings on the plane while it’s flying,” CEO Rick Faulk tells TechCrunch. Basically no one else can do that. Companies want flexible automation. They don’t want to bolt anything to the floor. If you’re a third-party logistics company and you have a two, three, four-year contract, the last thing you want to do is invest $25-$50 million to buy a massive solution, bolt it to the floor and be locked into all of this upfront expense.”
Un problema de USD 102 mil millones anuales: las devoluciones de compras en línea duplican a las del mundo físico
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USD 102 mil millones anuales: las devoluciones de compras en línea duplican a las del mundo físico
repretel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from repretel.com Daily Mail and Mail on Sunday newspapers.
Amazon, Walmart, Target allowing some customers to keep refunded return items
By Catherine Park
(Sebastian Gollnow/picture alliance via Getty Images)
Some retail heavyweights, including Amazon, Walmart and Target, are allowing customers to not only process refunds seamlessly online, but are also allowing customers to just keep the returned items.
As the COVID-19 pandemic continues, more and more retailers are trying to think of ways to implement contactless shopping, as well as contactless returns.
Amazon had popularized the notion that some items are just not worth returning after doling out refunds without requiring items to be returned, known as their returnless refunds policy, according to the Wall Street Journal.