Phantom Auto has created software that enables forklifts to be operated remotely from thousands of miles away.
Bloomberg reports that they have done a deal with Mitsubishi Logisnext Co (the third-biggest company in the $45 billion-plus global market for forklifts. )
This will enable Kyoto-based Mitsubishi Logisnext to offer forklifts that can rove around a warehouse in California, controlled by workers sitting at a desk a continent away.
“We’re moving warehouse workers into office jobs,” says Elliot Katz, Phantom Auto co-founder and chief business officer.
Because it removes geographic labor restrictions and improves efficiency as drivers can be “teleported” into factories experiencing surges, the software offers the potential to knock 30% or more off forklift operation costs, Katz say
Phantom Auto is an OurCrowd portfolio company - who in April 2019 raised $13.5 million of financing in a Series A round led by Bessemer Venture Partners
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