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kiwibot.com

Founded Year

2015

Stage

Seed VC - III | Alive

Total Raised

$8.16M

Last Raised

$7.5M | 3 mos ago

About Kiwibot

Kiwibot seeks to transform the food delivery industry with a service that is now present on campuses in the Americas. Kiwibot offers a fleet of insulated, remote-controlled robots that deliver hot and cold food items. Founded in Colombia, the service uses human-controlled robots to make deliveries using what it describes as "human in the loop" autonomy, which should enable partial autonomy in conjunction with manned remote centers that supervise bots on the streets in case of algorithmic perception mistakes.

Kiwibot Headquarter Location

Cl. 8 #43a - 49 Medellín

Antioquia, 050022,

Colombia

+1 901-295-8224

ESPs containing Kiwibot

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Grocery Retail

Startups in this market build ground-based robots and small vehicles to automate delivery, incorporating features such as temperature control and tracking for perishable goods. Some autonomous logistics vehicles are designed to travel on roads alongside passenger cars, while others are designed for use on sidewalks.

Kiwibot named as Outperformer among 4 other companies, including Pony.ai, AutoX, and 42dot.

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Research containing Kiwibot

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Kiwibot in 1 CB Insights research brief, most recently on Jul 22, 2021.

Expert Collections containing Kiwibot

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kiwibot is included in 5 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,718 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

R

Robotics

1,795 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

G

Grocery Retail Tech

523 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

O

On-Demand

1,231 items

F

Food & Meal Delivery

1,456 items

Startups and tech companies offering online grocery, food, beverage, and meal delivery services.

Latest Kiwibot News

SOL Global Provides Interim Unaudited Financials for the First Quarter Ended February 2022

Apr 29, 2022

April 29, 2022 08:45 AM Eastern Daylight Time TORONTO--( BUSINESS WIRE )--SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF) (Frankfurt: 9SB) is pleased to provide its investors with unaudited financials for the first quarter ended February 28, 2022, and a general operational update concerning the Company’s assets and investments. All figures in this press release are in Canadian dollars, unless otherwise indicated. Unaudited Quarter-End Results For the quarter-ended February 28, 2022, the Company recorded a net loss of $74 million vs. quarter-end February 28, 2021, net income of $208 million. This represents an unfavourable change of $282 million. Lumpy returns are not unusual when investing in the small cap market. February 2021 saw liquidity events for previous large investments including Verano which resulted in significant outperformance for that period. As new investments including House of Lithium mature and progress towards liquidity events, the Company anticipates strong returns in future periods. Total loss from investments totalled $82 million for the quarter-ended February 28, 2022, compared to a gain of $244 million for the quarter-ended February 28, 2021. This represents an unfavourable change of $326 million between periods. The unaudited Net Asset Value (“NAV”) per share is equal to $5.14 at February 28, 2022, vs. $7.12 at February 28, 2021. “Despite a challenging quarter due to market volatility in the underperforming markets, and specifically the cannabis sector, we are beyond confident in how well SOL Global is positioned to generate growth into the future from our diversified portfolio," said Kevin Taylor, SOL Global’s newly appointed Chairman and CEO. “Our team is built on resilience and that will continue to flow as we work closely with the management teams of our portfolio companies. We have a track record of extracting maximum value from our core holdings and we will emerge from these markets bigger stronger and positioned better than ever for value creation.” The Company’s financial statements for the second quarter ended May 31, 2022, will be released on July 29, 2022 Forward looking guidance into the Company’s Q2 results: The Company continues to make significant re-payments towards its credit facility of $50 million. As of April 29, 2022, the principal amount owing was reduced to $23.9 million. The Company expects to continue paying down the facility and reduce its debt balance. On March 29, 2022, Core Scientific Inc. (“ Core Scientific”), a large-scale net carbon-neutral blockchain infrastructure provider and miner of digital assets in North America, reported its consolidated financial results for the fiscal year ended December 31, 2021, which was highlighted by revenue of US$544.5 million, and net income of US$47.3 million and adjusted EBITDA of US$238.9 million. The Company expects the 1,469,033 shares of Core Scientific, which it beneficially owns through its US$11.5 million investment in an investment vehicle which holds interest in Core Scientific, to be distributed to the Company in the coming weeks. The Company was a sponsor co-investor of the initial public offering of Andretti Acquisition Corp. (“ Andretti”), a special purpose acquisition company (“SPAC”) focused on making an acquisition in the automotive industry that began trading on the New York Stock Exchange on January 13, 2022. Andretti’s Class A ordinary shares and public warrants trade on the New York Stock Exchange under the symbols “WNNR” and “WNNR WS,” respectively. The Company holds 1,430,923 shares and 3,450,000 warrants of Andretti. Simply Better Brands and Jones Soda To Merge Simply Better Brands Corp. (“SBBC”) and Jones Soda Co. (“JSDA” or “Jones Soda”), two of the Company’s core investment holdings, recently announced that they have agreed to a transaction in which SBBC will acquire all issued and outstanding common shares of Jones Soda at a deemed value of US$0.75 per share, payable in fully paid and non-assessable common shares of SBBC based on a price per share equal to US$3.65. In addition, SBBC has agreed to assume all of Jones Soda’s outstanding debt. The aggregate value of the transaction is approximately US$98.9 million. The combined company is expected to increase shareholder value through operational synergies and accelerated sales growth in three areas: food and beverage (Jones Soda and Trubar); plant-based wellness — CBD and THC (PureKana, Seventh Sense, Herve, Mirage and Mary Jones); and health and beauty (No BS Skincare). Simply Better Brands Operational Update Prior to the announcement, SBBC grew its portfolio of innovative brands by acquiring Hervé Edibles Limited, a producer of high-end confectionary-quality cannabis-infused macarons and hard candies, in which the Company held a minority-equity investment pursuant to an all-stock transaction for aggregate consideration of approximately $9 million. Jones Soda Operational Update Prior to the announcement, Jones Soda launched its cannabis-infused beverage and edibles business with the release of its first products under the new Mary Jones brand. The launch portfolio includes 16 different SKUs from the beverage company, known for its unconventional soda flavors. The products include single- and multi-dose infused sodas, syrup and gummies offered in four of the most popular Jones Soda flavors: Root Beer, Berry Lemonade, Green Apple and Orange Cream. “We bring an iconic brand with an equity that eclipses any current cannabis brand in the market, passionate fans who love our signature flavors and a 25-year history of having fun with consumers by putting our fans’ photos on our labels, their quotes under our bottle caps and being available in record shops as often as the grocery store. This is real earned credibility you can’t fabricate,” said Bohb Blair, Chief Brand officer of Mary Jones Cannabis Inc. “With all of these advantages, our irreverent personality and putting a cannabis twist on our brand traditions, we believe we are uniquely positioned to dominate the category.” Other Highlights for Q2 The Company’s majority owned real estate investment, Livwrk SOL Wynwood LLC (“Wynwood”), which holds real estate assets in Wynwood, Miami, recently submitted plans to the Miami Urban Development Review Board for a mixed-used development. The proposed development comprises two buildings on separate parcels of land rising 8 to 12 stories each. In total, both buildings would collectively yield 922,466 square feet including 611,855 square feet of residential and amenity space, 100,220 square feet of office and commercial space, and a 210,361-square-foot parking structure for 564 vehicles and 50 racks for nearly 800 bicycles. Both structures feature distinguished designs containing a variety of materials, textures and colors that compliments the surrounding context of the developing neighborhood while reminiscing the roots of earlier buildings in Wynwood. The Company expects the value of its real estate asset to continue to increase as the state-of-the-art development proposal advances and Wynwood continues to attract new residential, office, and mixed-use development, increasing property values. Fyllo Inc. (“Fyllo”), which develops and markets a suite of compliance cloud software and services built to overcome the complexities of highly regulated industries, continues to expand its capabilities and drive growth through strategic partnerships, acquisitions, and product launches. In January 2021, Fyllo purchased DataOwl, a software company that develops customer relationship management (“CRM”) and business operating solutions for cannabis dispensaries. Following the integration of the platforms, Fyllo intends to market what it describes as the industry’s “first end-to-end marketing solution”, combining consumer data, digital advertising, regulatory compliance, CRM, and loyalty programs tied to a business’s point of sale system. In February 2022, Fyllo announced the launch of Jurisdiction Dashboard, a powerful new feature in the Fyllo Regulatory Database. The dashboard, which updates in real-time, provides a complete, strategic view of jurisdiction-level cannabis activity and history, helping users quickly compare and contrast jurisdictions, spot trends, and identify and move on data-driven growth opportunities faster. Further, in April 2021, Fyllo announced the signing of a stock purchase agreement with Semasio, a pioneer in unified targeting for digital marketing. The acquisition will enhance Fyllo's Data Solutions, including its Data Marketplace, which offers the largest ecosystem of cannabis and CBD purchase data, with new targeting and distribution capabilities. Common Citizen, a Michigan-based vertically integrated cannabis company and lifestyle brand, recently announced a cultivation partnership with boxing legend Mike Tyson’s premium cannabis line, California-based Tyson 2.0 (in which the Company also holds a minority stake). Common Citizen will grow Tyson’s cannabis at its state-of-the-art hybrid greenhouse in Marshall, and will first yield “Knockout OG” and “Pound for Pound Cake”— both favorite strains of Tyson’s. The cannabis will be sold at Common Citizen retail partners in prepackaged eighths (3.5 grams) and 1-gram pre-rolls. House of Lithium Update House of Lithium Ltd. (“House of Lithium”) is the Company’s electric mobility platform and climate tech focused subsidiary. It continues to advance towards its previously announced public listing while closely monitoring market conditions. The Company is confident that House of Lithium is poised for significant growth given the tailwinds for the electric mobility and climate technology industries as the world continues to transition to lower-emission transportation and energy. House of Lithium Investment Updates: Damon Motors Inc.’s (“Damon”) flagship HyperSport motorcycle won the 2022 Edison Best New Product Award. The HyperSport was awarded Gold in the Consumer Solutions—Sports and Recreation category. Damon was selected as a finalist from hundreds of nominations globally and then underwent an additional review and voting process from some of the world's top senior business executives, academics and innovation professionals to receive its final Gold ranking. The 2022 Edison Best New Product Award is the latest recognition for the HyperSport motorcycle. The company has received several accolades including a Best in Innovation CES Innovation Award, a 2021 GOOD DESIGN® Award, a Digital Trends Top Tech 2020 CES Award, a 2020 Red Herring Top 100 North America finalist award for CleanTech, a 2020 Popular Science Best of What’s New Award, and a Robb Report “Best of the Best” award for motorcycle innovation. Kiwi Campus Inc. (“Kiwibot”), a cutting-edge robotic delivery company, signed a US$20 million contract with food services giant, Sodexo, to deploy more than 1,200 delivery “Kiwibots” across 50 college campuses in the US. The deal could act as a strong tailwind for the company, as it begins to challenge industry incumbents. Sodexo is a global food services and facilities company in more than 80 countries. It operates in college campuses across the United States. Kiwibot also signed an agreement for an additional 1,200 robots with Careem in Dubai for last-mile food delivery services. Careem is Uber’s food delivery service in the Middle East, similar to Uber Eats in North America. Reby Inc. (“Reby”), a micro-mobility network operator with 20,000 vehicles in 19 cities in Spain and Italy, continued its strong growth and development as a leading micro-mobility company in Europe. It expanded its scooter and moped offerings to new cities including Sabadell, as well as integrating functionality with Telepass and Splyt to enable an improved customer experience and expand its offerings in new markets. Additionally, Reby’s founder and Chief Executive Officer, Pep Gomez, was recently featured in Forbes top 30 under 30. COVID-19 Update SOL Global and its investments and portfolio companies have continued to deliver for both clients and shareholders despite challenges in the overall cannabis space and uncertain market conditions caused by the ongoing COVID-19 pandemic. SOL Global continues to monitor COVID-19 developments. About SOL Global Investments Corp.: SOL Global is a diversified investment and private equity holding company engaged in the small and mid-cap sectors. The Company’s investment partnerships range from minority positions to large strategic holdings with active advisory mandates. The Company’s six primary business segments include Retail (QSR & Hospitality), Agriculture (including Cannabis), Technology (with a focus on Clean-Tech and Electric Vehicles), Esports and Gaming, Cryptocurrency, and New Age Wellness. Non-IFRS Financial Measures This press release includes references to NAV or net asset value, which is a financial measure that does not have a standardized meaning prescribed by IFRS. Net asset value is calculated as the value of total assets less the value of total liabilities at a specific date. Net asset value per share is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning and therefore may not be comparable to similar measures presented by other issuers. The Company believes NAV not only provides management with comparable financial data for internal financial analysis but also provides meaningful supplemental information to investors. In particular, management believes this financial measure can provide information useful to its shareholders in understanding the performance of the Company and may assist in the evaluation of its business relative to that of its peers. Investors are cautioned that this non-IFRS measure should not be considered in isolation or construed as an alternative to the measurements of performance calculated in accordance with IFRS as, given the non-standardized meaning, it may not be comparable to similar measures presented by other issuers. Existing NAV of the Company is not necessarily predictive of the Company’s future performance or the NAV of the Company as at any future date. Calculation and Reconciliation of NAV   Cautionary Statements This press release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. The forward-looking information contained in this press release includes, without limitation, future operational plans of the Company’s portfolio companies, the expected date for the release of the Company’s second quarter financial statements, strategic plans for House of Lithium to go public, the expected distribution of proceeds from the Company’s US$11.5 million investment in shares of Core Scientific, the proposed transaction between SBBC and Jones Soda and the expected benefits therefrom, and the Company’s expectations regarding its ability to operate and emerge from the COVID-19 pandemic. Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including the inability or failure of the Company’s portfolio companies to execute their business and strategic plans as contemplated or at all, inability or failure of House of Lithium to complete a going public transaction as planned or at all, the receipt of all applicable stock exchange and regulatory approvals for House of Lithium’s go-public transaction, the inability or failure of the Company’s or House of Lithium’s portfolio companies to execute their business and strategic plans as contemplated or at all, changes in national or regional economic, legal, regulatory and competitive conditions and a resurgence in the COVID-19 pandemic. Other risk factors include: the risks resulting from investing in the US marijuana industry, which may be legal under certain state and local laws but is currently illegal under U.S. federal law; the risks of investing in securities of private companies which may limit the Company’s ability to sell or otherwise liquidate those securities and realize value; reliance on management; the ability of the Company to service its debt; the Company’s ability to obtain additional financing from time to time to pursue its business objectives; competition; litigation; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and regulatory or political change. Additional risk factors can also be found in the Company’s current MD&A, which has been filed on SEDAR and can be accessed at www.sedar.com . Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. Financial Outlook The Company and its management believe that the estimated NAV contained in this press release is reasonable as of the date hereof and is based on management’s current views, strategies, expectations, assumptions and forecasts, and have been calculated using accounting policies that are generally consistent with the Company’s current accounting policies. This estimate is considered future-oriented financial outlook and financial information (collectively, “FOFI”) under applicable securities laws. This estimate has been approved by management of the Company as of the date hereof. Such FOFI is provided for the purposes of presenting information about management’s current expectations and goals in determining the intrinsic value of the Company’s aggregate investments. However, because this information is highly subjective and subject to numerous risks, including the risks discussed above under “Cautionary Statements”. The FOFI should not be relied on as necessarily indicative of future results. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the FOFI prove incorrect, then the actual results could vary materially from the estimate. Although management of the Company has attempted to identify important risks factors, other uncertainties and factors not known to the Company could cause actual results to differ materially from the estimate. The Company disclaims any intention or obligation to update or revise any FOFI, whether as a result of new information, future events or otherwise, except as required by securities laws. Contacts

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  • When was Kiwibot founded?

    Kiwibot was founded in 2015.

  • Where is Kiwibot's headquarters?

    Kiwibot's headquarters is located at Cl. 8 #43a - 49, Antioquia.

  • What is Kiwibot's latest funding round?

    Kiwibot's latest funding round is Seed VC - III.

  • How much did Kiwibot raise?

    Kiwibot raised a total of $8.16M.

  • Who are Kiwibot's competitors?

    Competitors of Kiwibot include Nuro and 8 more.

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Robby manufactures self-driving delivery robots that can autonomously navigate sidewalks to the consumer's door. This can reduce the costs for the on-demand meal, grocery, and package delivery industry by eliminating the high costs of human deliverers, which can ultimately lead to lower costs for the consumer.

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