|[November 29, 2018]
Roam Robotics Secures $12 Million Investment Led by Yamaha Motor
Robotics, a company building robotic exoskeletons to enhance
strength, speed and endurance for everyday people as they live, work and
play, today announced it has completed a $12 million Series A round of
Yamaha (News - Alert) Motor Co., Ltd. led the investment round with participation from
existing and new investors Boost VC, Heuristics Capital Partners, Menlo
Ventures, R7 Partners, Spero Ventures, Valor Equity Partners, and
Venture Investment Associates. Collectively these investors bring a
wealth of experience in robotics, hardware, and consumer startups.
"Roam exists to change the boundaries of human mobility," said Roam
Founder and Chief Executive Officer Tim Swift (News - Alert). "That boundary is
different for every person, but they exist for everyone. Whether you are
an Olympian, an everyday athlete, or looking to regain lost mobility, we
want to power you beyond what your body currently makes possible."
To make this possible, Roam will leverage their unique platform
technology that relies on high-strength fabrics and air power to reduce
device weight and cost without sacrificing performance. It avoids
high-tolerance metal components in favor of affordable mass
manufacturing processes like sewig and molding. They are using this
platform to develop products to make more mobile lives a reality for
"Roam is creating an exciting new category of products that enhance
human capabilities," said Amish Parashar, Partner at Yamaha Motor
Ventures. "By making these robotic exoskeletons affordable, scalable,
and powerful Roam has removed the biggest barriers to widespread
adoption. We envision these products will one day be commonly used to
create new thrilling experiences and support human mobility."
Roam's first step on this path is the release of their first product -
ELEVATE, a robotic exoskeleton designed to boost a user's skiing
experience. ELEVATE boosts your quad strength giving you more control,
stronger turns and longer runs while reducing muscle fatigue and joint
pressure. It can augment the experience for skiers looking to push the
edges of what's possible, and for those looking to maintain the
experience from their younger years. ELEVATE will be available this
winter for demo rentals in the Lake Tahoe, CA (News - Alert) area and Park City, UT.
Check out how you can be a part of this by visiting www.roamrobotics.com.
"We are extremely proud to bring ELEVATE to market, but this is only the
first step," added Swift. "We are just scratching the surface of what is
About Roam Robotics
Roam builds robotic exoskeletons to enhance strength, speed, and
endurance for everyday people. We've created light, affordable robotic
exoskeletons that are designed for everyday life. Whether you ski, walk,
run or hike, our products make it easier to move so you can get the most
out of life. The company incorporated in December 2013 after launching
out of Otherlab, the San Francisco-based collection of scientists and
inventors working on a range of projects in the robotics, renewable
energy, digital manufacturing, transportation, and educational markets.
For more information on Roam, please visit http://www.roamrobotics.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181129005111/en/
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