Robotics Plus, a New Zealand agricultural robotics and automation company, today announced a US$8M investment from Yamaha Motor Co. Ltd. (Japan) to support its ambitious growth plans. The investment brings Yamaha Motor’s total investment in Robotics Pus to $US10M, following a partnership agreement and investment of US$2M announced in March 2018.
“We are very pleased to have continued strengthening our partnership with Yamaha Motor and secured additional investment to support our vision to grow into a truly New Zealand, global business that will transform a number of industries,” says Steve Saunders, Co-Founder and Chairman of Robotics Plus who is currently establishing a US subsidiary for the company.
Wealthy investors could shun New Zealand or risk being kidnapped if they had to open up about their business interests here, critics of a Government proposal to show who really owns and controls Kiwi companies are warning.
Commerce Minister Kris Faafoi is consulting on creating a publicly-searchable register of the “beneficial” or true owners of Kiwi businesses after warning in June that New Zealand needed to strengthen its reputation as a place for honest business.
KiwiSaver provider Mercer New Zealand has been awarded the top-level rating by highly respected Australasian research house SuperRatings, with its funds also being recognised for their net benefit value.
SuperRatings released its annual ratings this week, with Mercer being one of eight to achieve the ‘Platinum’ rating for 2019, making it the sixth consecutive year the provider has achieved the status.
Assessment criteria considered by SuperRatings cover five key factors, including investments, fees, member servicing, scheme administration and governance and to achieve Platinum, schemes need to be well balanced across all key criteria.
Kiwi drone startup Dotterel Technologies has raised $1.06m from Sydney-based Jelix Ventures, which specialises in backing early-stage companies.
Jelix now has an 11.45 per cent stake in Dotterel.
Other investors include managers, Sir Stephen Tindall’s K1W1 fund, Crown agency NZVIF, Techstars Australian Defence Accelerator and Auckland University’s commercialisation arm Uniservices (which has also had recent wins with Soul Machines and Power-by-Proxi).