Norcan secures EUR 12M transaction for Sherpa growth

Jul 21, 2021 · Market Signal · Sherpa Mobile Robotics · Warehouse Logistics

Norcan completed a EUR 12 million capital transaction designed partly to accelerate Sherpa robot development.

Sherpa Mobile Robotics company media
Company media · Sherpa Mobile Robotics
  • CAPZA Transition invested more than EUR 10 million in equity and convertible bonds within a EUR 12 million Norcan transaction.
  • Bpifrance and Capital Grand Est remained shareholders alongside management and the new investor.
  • Norcan said the capital would accelerate SHERPA robot development and broader international growth; the transaction was at the parent level, not a direct Sherpa funding round.

Autonomous mobile robots for industrial material flow.