Molg, a Sterling, VA-based robotic microfactory company, raised $5.5M in Seed funding.
The round was led by Closed Loop Partners’ Ventures Group, with participation from Amazon Climate Pledge Fund, ABB Robotics & Automation Ventures, Overture, Elemental Impact and Techstars.
The company intends to use the funds to scale production capacity and meet customer demand for circularity and automation.
Led by CEO Rob Lawson-Shanks, Molg is a robotic microfactory company that autonomously disassembles complex electronic products like laptops and servers, helping keep valuable components and materials within supply chains and out of landfills. It partners with electronics manufacturers to design products with reuse in mind, ensuring that one product’s end is another’s beginning.
Its robotic microfactories can autonomously disassemble complex electronic products to recover valuable components for reuse, remanufacturing or recycling. The team also partners with manufacturers to design electronics with circularity in mind—ensuring one product’s end is another’s new beginning.
Molg has already installed robotic disassembly Microfactories at Sims Lifecycle Services and is rolling out to ITAD facilities of leading hyperscalers. The team also works on circular design with companies like HP, Dell and ABB Robotics & Automation Ventures to redesign products for the automated recovery of valuable components, remanufacturing and recycling.
FinSMEs
09/10/2024