Micropolis Robotics, a UAE company focused on the rapidly expanding AV industry, is announcing a $4 million seed round investment by San Francisco based venture company Mindrock Capital.
Mindrock Capital invests primarily in emerging tech leaders utilizing an activist approach to capitalize on existing momentum and accelerate growth.
“We trust that Mindrock Capital, with its deep expertise and successful track record of bringing to market several projects in the AI and AV space, leaves us well positioned to deliver the next generation of autonomous vehicles at Micropolis Robotics”. Said Egor Romanyuk, CEO of Micropolis Holdings.
Managing partner of Mindrock Capital, Grigorii Trubkin stated, “We are always looking for new investment opportunities, especially those in which we are able to leverage our sector specific experience to enhance growth. Having a good number of unicorns in our portfolio, we know exactly what needs to be done for our portfolio companies to achieve that milestone and how we can help a company to succeed. We believe Micropolis has tremendous growth potential and will become one of the future pioneers in the AV industry”.
Micropolis has dedicated years of research and development, identifying new ways to make functional transportation safer, cleaner, and more accessible.
The proceeds of the $4 million investment will be used to accelerate commercial production capabilities as well as fund continued R&D and business development.
About Micropolis:
A Dubai based robotics company, established in 2014 in Dubai Internet City, the company is specialized in designing, developing, and manufacturing autonomous utility robots. Micropolis’ objective is to bring the industry streams to the region to eventually be able to build the high-tech product in the UAE and with a mission to change how the world views and utilizes autonomous vehicles.
Micropolis, through years of research & development, is positioned to become the partner of choice for EV technology regionally and globally.
About Mindrock:
A San Francesco based venture capital fund, attracts entrepreneurs, investors, and large corporations, offering them a truly unique chance to positively impact billions of lives and capitalize on it. We invest primarily in emerging tech leaders when they show the highest growth rate — the least risky and the most profitable investment period.
