UgoWork obtains $2m in funding

UgoWork, a Canadian manufacturer of lithium-ion battery solutions for industrial vehicles, has received $2m in loan financing from Investissement Québec as part of the Compétivert initiative.

This financing comes on the heels of several key commercial achievements and the adoption of its solution by major US clients. This support from Investissement Québec confirmed the tremendous potential of UgoWork’s solutions and its alignment with the Government of Québec’s battery strategy for commercial electric vehicles. The funds will be used for UgoWork’s market expansion across North America.

In an unprecedented global context whereby the supply chains and energy efficiency are major challenges, UgoWork offers industrial fleet operators turnkey lithium-ion battery solutions that help optimise their resources, make data-driven decisions and take a step towards a zero-carbon footprint. Its Energy as a Service (EaaS) subscription model reduces upfront costs for faster deployment and enables customers with access to the latest UgoWork lithium technology, software suite and best-in-class support with maintenance and technology updates.

“With its lithium-ion battery for forklifts, UgoWork is helping to achieve one of our government’s objectives: to develop a comprehensive battery industry. The solutions offered by this manufacturer will contribute to the green transformation of our businesses, while reinforcing Québec’s position as a leader in the electrification of transportation,” says Pierre Fitzgibbon, Minister of the Economy and Innovation and Minister Responsible for Regional Economic Development.

“We are proud to once again participate in UgoWork’s growth and transformation initiatives. Our financial support today demonstrates our commitment to shift to a low-carbon economy, to create an end-to-end lithium value chain here at home – from ore extraction to battery recycling – and to ensure Québec becomes a top-notch North American hub in this sector. By supporting innovative solutions from companies such as UgoWork, we will be able to achieve our goals and secure a green and prosperous future”, mentioned Guy LeBlanc, President and CEO of Investissement Québec

“The growing popularity of our solutions in North America is a clear indication of the quality and differentiation of our end-to-end offer,” explained Philippe Beauchamp, CEO at UgoWork. “We believe the market is ready to embark on a true transition to more viable energy solutions. There is tremendous momentum behind lithium-ion technology and we believe that UgoWork is strategically positioned to lead the wave. We are proud to count on the support of Investissement Québec so that we can continue fulfilling our vision of a more sustainable future in material handling.”

 

UgoWork obtains $2m in funding

UgoWork, a Canadian manufacturer of lithium-ion battery solutions for industrial vehicles, has received $2m in loan financing from Investissement Québec as part of the Compétivert initiative.

This financing comes on the heels of several key commercial achievements and the adoption of its solution by major US clients. This support from Investissement Québec confirmed the tremendous potential of UgoWork’s solutions and its alignment with the Government of Québec’s battery strategy for commercial electric vehicles. The funds will be used for UgoWork’s market expansion across North America.

In an unprecedented global context whereby the supply chains and energy efficiency are major challenges, UgoWork offers industrial fleet operators turnkey lithium-ion battery solutions that help optimise their resources, make data-driven decisions and take a step towards a zero-carbon footprint. Its Energy as a Service (EaaS) subscription model reduces upfront costs for faster deployment and enables customers with access to the latest UgoWork lithium technology, software suite and best-in-class support with maintenance and technology updates.

“With its lithium-ion battery for forklifts, UgoWork is helping to achieve one of our government’s objectives: to develop a comprehensive battery industry. The solutions offered by this manufacturer will contribute to the green transformation of our businesses, while reinforcing Québec’s position as a leader in the electrification of transportation,” says Pierre Fitzgibbon, Minister of the Economy and Innovation and Minister Responsible for Regional Economic Development.

“We are proud to once again participate in UgoWork’s growth and transformation initiatives. Our financial support today demonstrates our commitment to shift to a low-carbon economy, to create an end-to-end lithium value chain here at home – from ore extraction to battery recycling – and to ensure Québec becomes a top-notch North American hub in this sector. By supporting innovative solutions from companies such as UgoWork, we will be able to achieve our goals and secure a green and prosperous future”, mentioned Guy LeBlanc, President and CEO of Investissement Québec

“The growing popularity of our solutions in North America is a clear indication of the quality and differentiation of our end-to-end offer,” explained Philippe Beauchamp, CEO at UgoWork. “We believe the market is ready to embark on a true transition to more viable energy solutions. There is tremendous momentum behind lithium-ion technology and we believe that UgoWork is strategically positioned to lead the wave. We are proud to count on the support of Investissement Québec so that we can continue fulfilling our vision of a more sustainable future in material handling.”

 

Logistics Technology firm DoDo Raises €60m

Czech firm DoDo Group, specialists in last-mile B2B logistics technology, has attracted €60m in Series B funding led by EC Investments and J&T Capital. The funds will be used to further develop DoDo’s data-driven logistics platform and drive the group’s expansion into Western and Southern Europe.

The funds represent the firm’s largest investment to date, following a year which saw it nearly double its annual revenue to almost €40m. DoDo’s network of over 2,000 couriers in seven countries combined to deliver over four million shipments in 2021, and it is looking to repeat last year’s growth by doubling turnover once again to over €80m in 2022.

With Covid-19 accelerating the shift to ecommerce, and supply chains increasingly strained, demand for efficient logistics technology is strong. In particular, consumer demand for next and even same-day delivery is driving the need for data-driven urban logistics that can optimise delivery. As leaders in this field, DoDo Group says it will use the investment to further develop its GAIA platform – using real-time data and predictive analytics to maximise efficiency and sustainability. DoDo Group will also use the new funds to achieve its ambition of maintaining its position as a top-three last-mile logistics operator in Europe.

The investment was co-led by Czech businessman Daniel Křetínský’s EC Investments, who is well-known in the UK for his major ownership stakes in West Ham United and The Royal Mail. He was joined by Patrik Tkáč, founder of J&T Capital Partners and co-owner of EP Global Commerce alongside Mr Křetínský. Their investment sees them increase their minority stakes, providing the capital and expertise to accelerate DoDo’s growth. Rockaway Capital also participated in the round.

London-based Royal Park Partners, the specialist fintech corporate advisory firm, acted as exclusive strategic and financial advisors throughout the fundraising process. Royal Park Partners are EMEA’s most active fintech advisors, raising over $1bn for clients in 2021.

Michal Menšík, CEO of DoDo Group, said: “DoDo has grown from a start-up into a champion of its field and we make no secret of our ambition to continue to join Europe’s premier business league. We have a great service that has stood up to even the biggest and most demanding multinational retail chains at home and abroad. Now is the time to leverage our technological edge and operational capabilities and start changing the established standards of last mile delivery in other European markets. I believe we have found the best possible partners for our ambitious goals, who have extensive experience in building a pan-European business.”

Branislav Miškovič of EC Investments said: “The investment in DoDo is attractive to us in a number of ways, the main one being that the company combines last-mile logistics with retail in an interesting and innovative way, areas in which we are investing significantly within the wider EP Corporate Group. Thanks to the know-how of the DoDo team and the breadth of our portfolio, I am confident that we will be able to collaborate on further exciting joint projects in the future.”

 

Logistics Technology firm DoDo Raises €60m

Czech firm DoDo Group, specialists in last-mile B2B logistics technology, has attracted €60m in Series B funding led by EC Investments and J&T Capital. The funds will be used to further develop DoDo’s data-driven logistics platform and drive the group’s expansion into Western and Southern Europe.

The funds represent the firm’s largest investment to date, following a year which saw it nearly double its annual revenue to almost €40m. DoDo’s network of over 2,000 couriers in seven countries combined to deliver over four million shipments in 2021, and it is looking to repeat last year’s growth by doubling turnover once again to over €80m in 2022.

With Covid-19 accelerating the shift to ecommerce, and supply chains increasingly strained, demand for efficient logistics technology is strong. In particular, consumer demand for next and even same-day delivery is driving the need for data-driven urban logistics that can optimise delivery. As leaders in this field, DoDo Group says it will use the investment to further develop its GAIA platform – using real-time data and predictive analytics to maximise efficiency and sustainability. DoDo Group will also use the new funds to achieve its ambition of maintaining its position as a top-three last-mile logistics operator in Europe.

The investment was co-led by Czech businessman Daniel Křetínský’s EC Investments, who is well-known in the UK for his major ownership stakes in West Ham United and The Royal Mail. He was joined by Patrik Tkáč, founder of J&T Capital Partners and co-owner of EP Global Commerce alongside Mr Křetínský. Their investment sees them increase their minority stakes, providing the capital and expertise to accelerate DoDo’s growth. Rockaway Capital also participated in the round.

London-based Royal Park Partners, the specialist fintech corporate advisory firm, acted as exclusive strategic and financial advisors throughout the fundraising process. Royal Park Partners are EMEA’s most active fintech advisors, raising over $1bn for clients in 2021.

Michal Menšík, CEO of DoDo Group, said: “DoDo has grown from a start-up into a champion of its field and we make no secret of our ambition to continue to join Europe’s premier business league. We have a great service that has stood up to even the biggest and most demanding multinational retail chains at home and abroad. Now is the time to leverage our technological edge and operational capabilities and start changing the established standards of last mile delivery in other European markets. I believe we have found the best possible partners for our ambitious goals, who have extensive experience in building a pan-European business.”

Branislav Miškovič of EC Investments said: “The investment in DoDo is attractive to us in a number of ways, the main one being that the company combines last-mile logistics with retail in an interesting and innovative way, areas in which we are investing significantly within the wider EP Corporate Group. Thanks to the know-how of the DoDo team and the breadth of our portfolio, I am confident that we will be able to collaborate on further exciting joint projects in the future.”

 

Bekuplast presents special solutions for intralogistics

At LogiMAT in Stuttgart, bekuplast will be presenting containers, pallets, trays and special solutions for intralogistics at its stand. The focus will be on new models in the “contecline” intralogistics series.

The contecline series will be supplemented by an oversize container and a tray. The new oversize containers are available in heights of 270, 320 and 400mm. With a basic dimension of 650 x 450mm, they are suitable for storing cardboard boxes in the standard format of 600 x 400mm. For the storage and transport of smaller goods, the contecline oversize containers are equipped with an integrated partition system. The sturdy injection-moulded dividers allow 1/2 to 1/12 subdivision as required.

The tray has a basic dimension of 638 x 424mm. It is optionally available with water drainage holes in the base and can be fitted with four in-mould labels if required.

All products in the contecline series have been specially developed for use in miniload and shuttle systems. The contecline is characterised by low weight and high performance. The containers and the tray have the characteristic, circumferentially closed miniload base, which convinces with ideal running properties.

The manufacturer of reusable plastic solutions will not only be presenting a wide range of solutions on its stand (Hall 6, Stand C05) at LogiMAT, but will also be advising on the use of the recycled material BQC (bekuplast Quality Compound). The BQC compound is a high-quality secondary raw material with documented and tested properties and an environmentally friendly alternative to virgin material.

Bekuplast presents special solutions for intralogistics

At LogiMAT in Stuttgart, bekuplast will be presenting containers, pallets, trays and special solutions for intralogistics at its stand. The focus will be on new models in the “contecline” intralogistics series.

The contecline series will be supplemented by an oversize container and a tray. The new oversize containers are available in heights of 270, 320 and 400mm. With a basic dimension of 650 x 450mm, they are suitable for storing cardboard boxes in the standard format of 600 x 400mm. For the storage and transport of smaller goods, the contecline oversize containers are equipped with an integrated partition system. The sturdy injection-moulded dividers allow 1/2 to 1/12 subdivision as required.

The tray has a basic dimension of 638 x 424mm. It is optionally available with water drainage holes in the base and can be fitted with four in-mould labels if required.

All products in the contecline series have been specially developed for use in miniload and shuttle systems. The contecline is characterised by low weight and high performance. The containers and the tray have the characteristic, circumferentially closed miniload base, which convinces with ideal running properties.

The manufacturer of reusable plastic solutions will not only be presenting a wide range of solutions on its stand (Hall 6, Stand C05) at LogiMAT, but will also be advising on the use of the recycled material BQC (bekuplast Quality Compound). The BQC compound is a high-quality secondary raw material with documented and tested properties and an environmentally friendly alternative to virgin material.

Five ways to cut fuel costs

With fuel prices at an all-time high, margins couldn’t be tighter for fleet-based businesses. Even if prices fall back in the short term, market volatility is here for the long haul. And as every fleet manager knows, any uptick in oil prices or unnecessary fuel consumption can hit costs hard and dent profits.

One way around this is to squeeze more miles out of every last drop of fuel, and technology is increasingly being used to achieve this goal.

Using sensors located in vehicles and linked to an always-on communications network that feeds back to a single screen, fleet managers can now gain a real-time overview of their entire operation.

By harnessing the Internet of Things (IoT), fleet managers can access in-depth data about vehicle and driver performance that would have been unimaginable just a few years ago. Fleet managers can see instantly which vehicles are using fuel economically and those that are prone to be thirsty.

Here, Philip van der Wilt, VP EMEA, Samsara, picks the key elements where connected operations technology can empower fleet managers to make informed decisions about how to improve fuel efficiency and keep a lid on costs.

1. Cutting fuel consumption

Modern monitoring systems not only show how much fuel is being combusted, they allow you to account for how each drop is used. For instance, abnormally high fuel use linked with specific vehicles may point to a maintenance issue.

On the other hand, higher than average fuel consumption by individual drivers may suggest that driving traits — such as sudden increases or decreases in speed, heavy braking, speeding or prolonged stops with the engine still running — may need to be addressed.

Monitoring fuel consumption this way, ensuring vehicles work at their best and drivers refrain from fuel-burning driving behaviours, can deliver tangible benefits.

2. Improving fuel efficiency

Carefully planned itineraries that optimise delivery routes and payloads can go a long way to help with improving fuel efficiency. It’s not just planning before a vehicle leaves a depot or yard either. Real-time traffic information can highlight congestion — caused by accidents, road works or the sheer volume of traffic — so alternative routes can be initiated quickly.

In fact, the huge volume of data created through IoT-enabled connected operations enable hundreds and thousands of calculations to be carried out in minutes to ensure that each vehicle, driver, route and payload is optimised for fuel efficiency.

3. Identifying and eradicating unnecessary idling time

Attempts to reduce unnecessary engine idling are nothing new. It’s estimated that idling for one hour can consume up to a gallon of fuel. It might not seem like much, but incremental consumption over time and across a whole fleet quickly adds up.

As the price of fuel continues to climb, excessive idling only increases costs.

Connected technology that is embedded in vehicles can identify the causes of idling in real-time, whether it’s down to driver behaviour, road/traffic-related hold-ups or the need to power ancillary devices such as refrigeration systems.

In doing so, fleet managers gain a complete oversight of what idling is unavoidable, and those areas where changes would reap sizable savings.

4. Estimating fuel costs and managing change

A valuable approach for fleet managers is the ability to estimate costs as part of a broader fuel and energy report.

The most effective management tools are those that can calculate fuel costs using various price points — accounting for predicted price fluctuations — providing a view on the impact of (likely) future price hikes or fluctuations.

These planning scenarios may not deliver savings in the short term but estimates and predictions about changing input costs can help to shape management decisions and financial planning that contributes to the profitability of the business.

5. Engine run time vs miles travelled

Accurate engine hour data helps businesses monitor the wear and tear on their vehicles, even when the vehicle is stationary. The information has proven to be invaluable when it comes to fleet management systems enabling the scheduling of preventive maintenance alerts based on engine hours rather than miles travelled.

The information can also be fed into maintenance assessment programs that pinpoint exactly when vehicles need to be off the road and in the workshop. These predictive maintenance breaks – rather than more rigid scheduled downtime based on miles driven – can help to pre-empt avoidable breakdowns and costly repairs.

Such systems can also help to predict more accurately when a vehicle is no longer commercially viable and should be replaced.

Small changes, big savings

Each of these areas has the potential to reduce unnecessary fuel consumption and save costs. But, added together, across a whole fleet, over a year, and it’s easy to see how the combination of small changes can add up to a big cost saving.

Just as a vehicle is at its best when it’s properly maintained and running efficiently, so too is a fleet of vehicles that makes optimal use of fuel saving telematics to make sure it’s running on all cylinders.

 

Saving costs with intelligent door opening system

Wherever high-speed doors are installed in production and goods distribution centres, customers will benefit from the new Door Control module offered as part of Linde Material Handling’s (MH) innovative Safety Guard assistance system. The intelligent control system enables communication between industrial trucks and infrastructure, thus avoiding above all, high costs due to collision damage.

High-speed doors can be found in businesses of all sizes and in all industrial sectors. They enable the rapid passage from indoor to outdoor areas and at the same time help to maintain constant temperatures in production and logistics buildings, protect workers from unhealthy drafts, deter the entry of birds and unauthorised persons and prevent contamination.

However, the positive effects of high-speed doors are partially diminished by the fact that they are repeatedly subject to damaging incidents, including those involving industrial trucks. One example in this context is the collisions that occur when the roller shutters are not yet fully open at the time that entry is attempted. In most cases, this only leads to property damage, but these instances can add up to considerable costs if rolling doors and forklifts are in need of repair or transported goods are damaged.

“A single accident can quickly result in costs in the five-digit euro range,” Fabian Zimmermann, Product Manager Safety Solutions, recalls from practical experience. “Drivers are often under pressure to meet deadlines or their minds are simply elsewhere and therefore not paying attention,” says the expert, citing possible causes of collision damage.

“Using the Safety Guard Door Control, our customers can now effectively defuse this accident-prone area and thus avoid costs and disruptions to their operations,” says Zimmermann, describing the benefits of the new safety feature.

Forklift speed is adjusted as needed

Like the Linde Safety Guard assistance system, the new Door Control function is based on ultra-wideband (UWB) technology. The truck communicates with the building infrastructure via high-frequency radio waves. When a truck approaches a rolling door, its travel speed is gradually reduced and the door opens automatically. To accomplish this, the intelligent system determines the distance between the permanently installed units on the forklift and the high-speed door to within 10cm. After passing, the door closes again and the forklift driver can continue on at the usual speed.

To prevent the door from being triggered by passing forklifts or to prevent neighbouring doors from opening, the size and shape of the zones around it (spherical or rectangular) can be adjusted to suit the specific needs. Yet another advantage of this technology is that the doors are only open for as long as necessary.

Saving costs with intelligent door opening system

Wherever high-speed doors are installed in production and goods distribution centres, customers will benefit from the new Door Control module offered as part of Linde Material Handling’s (MH) innovative Safety Guard assistance system. The intelligent control system enables communication between industrial trucks and infrastructure, thus avoiding above all, high costs due to collision damage.

High-speed doors can be found in businesses of all sizes and in all industrial sectors. They enable the rapid passage from indoor to outdoor areas and at the same time help to maintain constant temperatures in production and logistics buildings, protect workers from unhealthy drafts, deter the entry of birds and unauthorised persons and prevent contamination.

However, the positive effects of high-speed doors are partially diminished by the fact that they are repeatedly subject to damaging incidents, including those involving industrial trucks. One example in this context is the collisions that occur when the roller shutters are not yet fully open at the time that entry is attempted. In most cases, this only leads to property damage, but these instances can add up to considerable costs if rolling doors and forklifts are in need of repair or transported goods are damaged.

“A single accident can quickly result in costs in the five-digit euro range,” Fabian Zimmermann, Product Manager Safety Solutions, recalls from practical experience. “Drivers are often under pressure to meet deadlines or their minds are simply elsewhere and therefore not paying attention,” says the expert, citing possible causes of collision damage.

“Using the Safety Guard Door Control, our customers can now effectively defuse this accident-prone area and thus avoid costs and disruptions to their operations,” says Zimmermann, describing the benefits of the new safety feature.

Forklift speed is adjusted as needed

Like the Linde Safety Guard assistance system, the new Door Control function is based on ultra-wideband (UWB) technology. The truck communicates with the building infrastructure via high-frequency radio waves. When a truck approaches a rolling door, its travel speed is gradually reduced and the door opens automatically. To accomplish this, the intelligent system determines the distance between the permanently installed units on the forklift and the high-speed door to within 10cm. After passing, the door closes again and the forklift driver can continue on at the usual speed.

To prevent the door from being triggered by passing forklifts or to prevent neighbouring doors from opening, the size and shape of the zones around it (spherical or rectangular) can be adjusted to suit the specific needs. Yet another advantage of this technology is that the doors are only open for as long as necessary.

Highly integrated geared motors from NORD

The fewer interfaces, the higher the system efficiency – based on this maxim, NORD DRIVESYSTEMS has introduced a revolutionary geared motor in a hygienic wash-down design one year ago, where the especially energy-efficient IE5+ permanent magnet synchronous motor and a single-stage helical gear unit are installed in one single housing.

The completely new, compact design with full integration of motor and gear unit in one single housing is described by NORD as an extraordinary leap in the development of geared motors and has now been successfully patented. The long-term durability and reliability of the innovative solution in terms of design and materials has been successfully proven in months of testing during the development of the DuoDrive, and thus real pioneering work has been accomplished in the field of geared motors.

The integration has been decisively advanced to achieve an optimal utilisation of installation space. Along with the IE5+ motor on which it is based, the encoder, speed feedback and brake are all safely accommodated in the housing.

Excellent system efficiency

As a system, the very compact DuoDrive concept achieves a significantly higher energy efficiency than the already proven drive systems with IE5+ synchronous motor and bevel gear unit, says NORD. At up to 92%, DuoDrive currently offers the highest system efficiency on the market in this power class, and achieves very high efficiency in the partial load range. It is thus future-proof and a real cost reducer.

The constant motor torque over a wide speed range allows for consistent version reduction and reduction of operating costs. Market-compatible connection dimensions facilitate the replacement and the integration into existing plant designs.

The first available DuoDrive size covers gear unit speed ratios of i = 3.24 to i = 16.2 and is designed for output torque ranges of up to 80Nm and speeds of up to 1,000rpm. In addition to the high system efficiency, the smooth, unventilated and compact design, and the quiet running with minimum noise emissions are further important features of the new DuoDrive geared motor. Elimination of many wearing parts results in lower maintenance.

 

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