Success Story
| Region/Nation | West Midlands |
|---|---|
| Sector | Technology |
| Programme | Midlands Engine Investment Fund II |
| Partner |
True Position Robotics (TPR) is a Nottingham-based company whose industrial robots could revolutionise aircraft production and slash the cost of new planes. The investment comes as demand for new planes has surged due to a rise in passenger numbers and a drive by airlines to replace ageing fleets with more modern, fuel-efficient craft.
Founded in 2018 by Roger Holden, TPR has pioneered a way to automate the assembly process for aircraft using low-cost ‘off the shelf’ industrial robots adapted with its own software and hardware. The company is already working with leading industry names including BAE, which has adopted the technology as part of its Factory of the Future programme.
The equity investment received through the Midlands Engine Investment Fund II and managed by Mercia Ventures will enable the business to scale up operations and continue its research and development.
The investment from the Midlands Engine Investment Fund II will enable us to consolidate our position and start work on the next generation of products to ensure we maintain our position as thought leaders in the industry. - Roger Holden CEO, True Position Robotics
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