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Saturday, 17 June 2017 00:00

Teleretail's On-Demand Delivery Robot

Teleretail AG,a Swiss-based startup, has entered the growing field of drone delivery by infusing its device with a unique capability -- to deliver to suburban and rural areas while also reaching customers in cities.

Teleretail's robot incorporates several features of self-driving cars, including GPS navigation systems, sensors, and computer vision systems. Far as financing is concerned, though, the company hasn't raised any seed or venture capital cash, opting instead to pursue grants, like one for $2 million from the European Space Agency.

Company CEO Thorsten Scholl tells TechCrunch that the space agency took a special interest in the ways in which Teleretail was using information from satellites to assist ground-based systems in giving directions to drones while making deliveries or pickups.

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