KEWAZO Company Profile

Background

Founded in 2018 and headquartered in Munich, Germany, KEWAZO is a pioneering construction robotics company dedicated to digitizing on-site material flow through advanced robotics and data analytics. The company's mission is to enhance the efficiency, safety, and productivity of construction sites by automating traditionally manual processes. KEWAZO's flagship product, LIFTBOT, is an intelligent robotic hoist designed to revolutionize material transport in construction and industrial settings.

Key Strategic Focus

KEWAZO's strategic focus centers on automating and digitizing on-site material logistics to address critical industry challenges such as labor shortages and safety concerns. By integrating LIFTBOT into construction workflows, the company aims to reduce manual labor, enhance worker safety, and improve project efficiency. Initially targeting the scaffolding assembly sector—a $50 billion industry where over 80% of projects are still performed manually—KEWAZO plans to expand LIFTBOT's applications to other tasks like insulation, painting, and various on-site material transport activities.

Financials and Funding

KEWAZO has successfully secured approximately $20 million in funding to date. In January 2023, the company closed a $10 million Series A funding round led by Fifth Wall, with participation from Cybernetix Ventures, Unorthodox Ventures, and Nemetschek. Existing investors True Ventures and MIG Capital AG also contributed to this round. This followed a $5 million Pre-Series A round in September 2021, led by True Ventures and MIG AG. The capital raised is intended to expand KEWAZO's robotic fleet across Europe and North America and to develop additional digital services.

Pipeline Development

KEWAZO's primary product, LIFTBOT, has been actively deployed in various European construction sites and industrial plants since 2021. The company has completed over 40 pilot and test projects, delivering robots to major clients such as Bilfinger and Altrad. Future developments include adapting LIFTBOT for additional applications like insulation, painting, roofing, and mechanical activities, with the overarching goal of automating and digitizing the entire on-site logistics process.

Technological Platform and Innovation

KEWAZO's innovation lies in its integration of robotics with data analytics to transform construction site operations. LIFTBOT, a battery-powered, remote-controlled lifting robot, automates material transport, significantly reducing manual labor and enhancing safety. The robot is supported by the data analytics platform ONSITE, which collects and processes operational data, providing clients with actionable insights for proactive project management. This combination of hardware and software enables more transparent and efficient construction processes.

Leadership Team

• Artem Kuchukov: Co-Founder & CEO. Artem leads KEWAZO's strategic vision and operations, driving the company's mission to revolutionize construction through robotics.

• Ekaterina Grib: Co-Founder & Head of Business Development, Finance. Ekaterina oversees business development and financial strategies, contributing to KEWAZO's growth and market expansion.

• Leonidas Pozikidis: Co-Founder & Electrical Engineering. Leonidas is responsible for the electrical engineering aspects of KEWAZO's products, ensuring technical excellence.

• Sebastian Weitzel: Co-Founder & Product Management. Sebastian manages product development, focusing on delivering innovative solutions to the construction industry.

Competitor Profile

Market Insights and Dynamics

The construction robotics market is experiencing significant growth, driven by the need for increased efficiency, safety, and the mitigation of labor shortages. The global construction industry is increasingly adopting automation technologies to address these challenges, creating a dynamic and competitive landscape.

Competitor Analysis

KEWAZO operates in a competitive environment with several notable companies:

• VDL Steelweld: Specializes in designing and building automated production systems, offering solutions that enhance manufacturing efficiency.

• Mitsubishi Electric Automation: Provides comprehensive automation solutions for manufacturers and machine builders, focusing on improving productivity and operational efficiency.

• Civ Robotics: A construction tech company offering surveying solutions, emphasizing precision and efficiency in construction projects.

• ABB Canada: Focuses on electrification products and automation solutions, contributing to the advancement of industrial automation technologies.

These competitors offer various automation and robotics solutions, each contributing to the evolving landscape of construction technology.

Strategic Collaborations and Partnerships

KEWAZO has established significant partnerships to strengthen its market position and innovation capacity. Notably, the company has collaborated with major industrial service providers such as Bilfinger and Altrad, deploying LIFTBOT in their operations to enhance efficiency and safety. These collaborations demonstrate KEWAZO's commitment to integrating its robotic solutions into existing industrial workflows.

Operational Insights

KEWAZO's strategic approach involves addressing labor shortages and safety concerns through automation. By focusing on the scaffolding sector and expanding into other construction activities, the company differentiates itself by offering versatile and adaptable robotic solutions. The integration of data analytics further enhances its competitive advantage, providing clients with valuable insights for project management.

Strategic Opportunities and Future Directions

Looking ahead, KEWAZO aims to expand its robotic fleet across Europe and North America, introducing a Robot-as-a-Service (RaaS) model to make its technology more accessible. The company plans to adapt LIFTBOT for additional applications, including insulation, painting, and other on-site material transport tasks. By continuously innovating and expanding its product offerings, KEWAZO is well-positioned to lead the transformation of on-site logistics in the construction industry.

Contact Information

• Website: www.kewazo.com

• LinkedIn: KEWAZO LinkedIn Profile

• Twitter: @KEWAZO

• Instagram: @kewazo_robotics

• Facebook: KEWAZO Facebook Page

• YouTube: KEWAZO YouTube Channel

KEWAZO's innovative approach to integrating robotics and data analytics positions it as a leader in transforming the construction industry's material handling processes.