Crozet-dependent Perrone Robotics gets $10 million fairness financial investment | Enterprise Neighborhood

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Crozet-based mostly Perrone Robotics has received a $10 million fairness expenditure from enterprise incubator and expenditure team CapStone Holdings.

Perrone Robotics develops autonomous vehicle software program and a retrofit kit identified as TONY.

In a information release, the organization explained it will use some of the financial commitment to build an advanced autonomous automobile testing facility at the American Centre for Mobility in Michigan, which will help “high-speed and continuous testing of autonomous transit vans, shuttles and other motor vehicles equipped with Perrone’s TONY product.”

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“CapStone Holdings’ expenditure will allow us to scale and capture the amazing pipeline of prospect and desire our engineering has garnered about the past number of many years,” Perrone Robotics founder and CEO Paul Perrone claimed in the release.

Perrone reported their retrofit kit method has “touched a nerve” and that the expense and the opening of a test facility at ACM, “will bring a hardened and demonstrated professional merchandise totally to marketplace.”

In 2019, Perrone Robotics, in a partnership with JAUNT and Albemarle County, ran a pilot autonomous shuttle application in Crozet.

At the conclusion of 2020, the corporation announced the deployment of an all-electrical, completely autonomous, paratransit car or truck to the Jacksonville Transit Authority in Florida.