# Mitsubishi Electric makes strategic investment in OTTO Motors

Mitsubishi Electric announced a strategic investment in Clearpath Robotics, parent company of OTTO Motors, to accelerate industrial automation. The investment expands their commercial collaboration.

- Type: Investment
- Announced: 2023-05-12
- Where: Kitchener, Ontario, Canada
- Status: announced
- Products: autonomous mobile robots, material handling software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (investor)
- [Otto Motors](https://endata.com/companies/16771.md) (target)
- [Clearpath Robotics](https://endata.com/companies/16772.md) (target)

## Sources

- [ottomotors.com](https://ottomotors.com/company/newsroom/press-releases/mitsubishi-electric-announces-strategic-investment-in-otto-motors-to-accelerate-industrial-automation/), 2023-05-12: "We are proud to have their continued support and share a vision to accelerate industrial automation globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.