Small Robot Company proceeds into liquidation
UK’s Small Robot Company (SRC) proceeds into liquidation. The technology of the company delivered value at a profit, with customers waiting, but could not secure the required investment to scale. According to SRC on LinkedIn they had a signed Term Sheet, but the investment did not land before the runway ended.
Looking back SRC mentioned the co-design of their service with farmers, successfully delivering their ‘Holy Grail’, a world first: grass weed detection at field scale. This went commercially live in September, with huge potential: UK blackgrass alone loses farmers £400 million each year. Service last season demonstrated up to 90% herbicide and 24% fertiliser savings.
In 2023 SRC integrated a specially developed sprayer onto its Tomv4 robotic platform, done in collaboration with Strathclyde University, Agri-EPI and Chinese partners.
SRC:
As of the 1st February, Kroll has been appointed as administrators to sell the assets. We have worked with them to find potential acquirers, ideally to find a future for some of the team and the technology which continues to have a benefit to farmers, and the planet
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