The Aksan Law Firm has advised APY Ventures on leading an investment round into Ankara-based autonomous mobile robot company Milvus Robotics.
Milvus Robotics is a Turkish autonomous mobile robot company specializing in intralogistics for factories and warehouses.
APY Ventures is a Turkey-based venture capital firm focused on investing in early-stage technology start-ups.
According to the target's press release, "this initial investment serves as a stepping stone to the exciting opportunities that lie ahead for Milvus Robotics. The company is actively preparing for upcoming large-scale investments to further fuel its growth and accelerate its innovation in the material transport domain." The company has raised USD 600,000 to date.
"Milvus Robotics' vision is to revolutionize the field of autonomous robotics and transform material transport operations globally," Co-Founder and CEO Samil Ozden commented. "With the investment we have secured and the forthcoming funding rounds, we are determined to accelerate our sales and marketing efforts, focusing on key markets such as the US and Europe. Additionally, we will allocate resources to strengthen our technical support and research and development teams. We are pleased to have completed the initial investment round in partnership with APY Ventures, a renowned investor in deep technology. Their expertise and support will be invaluable as we continue on our growth trajectory."
Most recently, Aksan had also advised APY Ventures on its investment in Turkish autonomous robot developer Saha Robotik (as reported by CEE Legal Matters on May 17, 2023).
The Aksan team was led by Partner Alper Onar and included Managing Associate Emre Subasi and Senior Associate Merve Kutukcuoglu Karpuzcu.
Aksan did not reply to our inquiry on the matter.