FX.co ★ Mitsubishi Electric : ME Innovation Fund Invests In Formic Technologies

Mitsubishi Electric's ME Innovation Fund has recently invested in Formic Technologies Inc., a startup based in the United States specializing in the design, development, and maintenance of industrial robots through a subscription-based sales model. This marks the fund's eighth investment so far. Through this investment, Mitsubishi Electric aims to develop a novel business model that will enhance the accessibility of its automation solutions to customers in the future.