Agadexo Shoulder is our first semi-active exoskeleton designed to improve operator safety and health during picking activities while optimising production and logistics processes.
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Agade has been selected by the European Innovation Council accelerator to access a total “blended” loan of €8.3 million, of which €1.8 million is non-repayable, which will be used by the startup to carry out research and development in the development of innovative and IoT-connected industrial exoskeletons to reduce injuries in manual load handling activities in work environments.
The remaining €6.5 million will instead be disbursed through capital increase operations, through the EIC Fund investment fund and the support of the European Investment Bank (EIB).
Agade will entrust the assembly of the first product of the Agadexo Shoulder startup to the company Panni & Lazzarini, which was selected after a careful search among qualified suppliers.
This important collaboration will allow the creation of the first assembly line, marking an important milestone towards industrialization and medium-scale production.
CYSERO EuVECA fund promoted by AVM Gestioni SGR S.p.a. EuVECA Benefit Company Manager jointly with Kilometro Rosso – science and technology park of Bergamo, acted as lead investor in the investment round A which Agade closed on 23rd May 2023.
Brembo, CDP Venture Capital also took part in the operation through the Industry Tech sector of the Corporate Partners I fund, EIC Fund, 360 Capital Partners and Generaimprese, for a total amount of approximately 4 million euros. This important milestone represents a new starting point, which will allow the startup to grow and bring the first Agadexo Shoulder product to the market.
2023 Agade. Share Capital EUR 14.000 – P.IVA n° IT11236320963
