PRAGUE, Sept. 23 (Reuters) – Czech online grocery delivery start-up Rohlik Group on Thursday announced it would invest â¬ 400 million ($ 469.32 million) in warehouse automation at by the end of 2025 to increase efficiency and capacity.
The company, which seeks to become Europe’s largest online grocery delivery service, said in a statement it would invest â¬ 45m in a first phase, with further investments coming in 2022. -2025.
Rohlik installs a storage bin system with integrated robot picking and picking workstations. It will be launched under its German brand Knuspr.de in Munich and will triple picking productivity, the company said. This will be followed by deployment in existing and new European markets.
Rohlik said it will expand to other German cities, including Frankfurt this year, followed by Hamburg, Cologne and others in 2022.
The investment comes as Rohlik moves into new markets after raising funds in fundraising rounds this year that helped him expand into Germany in August. It has previously spread to Austria and Hungary.
In July, it raised â¬ 100 million from investors for a valuation of â¬ 1 billion after securing funding of â¬ 190 million in a previous round.
Founded in 2014 by Czech internet entrepreneur Tomas Cupr, 38, Rohlik achieved a turnover of over 300 million euros in 2020, which was also helped by the shift to e-commerce amid the coronavirus pandemic.
($ 1 = â¬ 0.8523)
Reporting by Jason Hovet; Editing by Cynthia Osterman
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