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What they doLeading provider of enterprise robotics solutions for some of the world's most dynamic warehouses & leading brands
Investment Thesis
What they do
Leading provider of enterprise robotics solutions for some of the world's most dynamic warehouses & leading brands
Its 'bots' are already being utilized across sectors such as:
- 3rd party logistics (3PL)
- Healthcare
- Retail / Ecommerce
- Industrial
Locus helps its customers solve the challenges associated with:
- A tight labor market
- Continued growth in global ecommerce
Investment Thesis
Key benefits of the Locus solution
- Cost effective solution that allows its customers to modernize and become more efficient
- Cost per pick is significantly lowered
- 2x-3x productivity increase
- Quick Implementation (typically 4-6 weeks)
Customer friendly Robotics-as-a-Service (RaaS) pricing model
- Minimizes the upfront capital requirement typically associated with outfitting a warehouse facility
- Reasonable monthly fee thereafter
- Allows customers to scale up/down throughout the year - solving peak demand challenges
Impressive existing customer base; Locus is at an inflection point for growth
- Over 90 customers worldwide
- >230 sites under contract
- Continues to win new business
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