What is Grabit?
Grabit Inc. is a pioneer in the field of advanced automation, specifically leveraging electroadhesion technology to transform material handling processes. By enabling the precise manipulation of items ranging from delicate textiles to heavy industrial components, the company addresses critical bottlenecks in labor-intensive sectors. Its market position is bolstered by a diverse client base that includes Fortune 500 entities within the footwear, apparel, automotive, and aerospace industries. By integrating sophisticated hardware with intelligent software, Grabit provides a scalable solution that enhances operational throughput and reduces overhead for modern warehouses and factories.
How much funding has Grabit raised?
Grabit has raised a total of $45.1M across 5 funding rounds:
Unspecified
$3M
Private Equity
$10.6M
Debt
$4.8M
Private Equity
$25M
Debt
$1.7M
Unspecified (2013): $3M, investors not publicly disclosed
Private Equity (2015): $10.6M, investors not publicly disclosed
Debt (2017): $4.8M, investors not publicly disclosed
Private Equity (2017): $25M featuring ABB, Shanghai Electric, Brother Industries, NTT Docomo, Esquel Group, Nike, Inc, Draper Nexus Venture Partners, Danhua Capital, Samsung Electronics, and Formation8
Debt (2024): $1.7M backed by GBC International Bank
Key Investors in Grabit
ABB
ABB is a global technology company in electrification and industrial automation, supplying hardware and software that optimize how assets are powered, controlled, manufactured, and moved.
Shanghai Electric
Shanghai Electric Group Company Limited is principally engaged in design, manufacture and distribution of electric power and industrial equipment, including heavy industrial and electromechanical systems.
Nike, Inc
Nike Inc. is a prominent global corporation specializing in the design, development, and marketing of athletic footwear and apparel, with a strong focus on integrating innovative technology into its supply chain.
What's next for Grabit?
The recent capital injection positions Grabit to accelerate its product roadmap and expand its footprint in high-growth markets. As the company transitions from its earlier development phases into a period of sustained industrial scaling, the focus remains on deepening its integration with global supply chain partners. By leveraging the expertise of its strategic backers, Grabit is well-positioned to refine its electroadhesion platforms, ensuring that its automation solutions remain at the forefront of the industry's shift toward resource-efficient, low-carbon manufacturing operations.
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