The Series B funding round was led by Catapult Ventures and included all the Series A investors: Kubota Corporation, Yamaha Motor Corporation and Impact Ventures.
Nippon.com is reporting that Kubota Corp. will release a rice planting machine with automated driving functions in October. Earlier this month, the company said that it was investing in a harvesting robot manufacturer based in the U.S.
For the first 9 months of 2019 ended Sept. 30, Kubota Corp. reported revenues increased by $888.2 million (7.1%) from the same period in the prior year to $13.5 billion.
According to Jiji Press, Kubota Corp. said it will spend some 9 billion yen ($83,250,083) to establish a research and development center for lawn mowers and utility vehicles in the state of Georgia.
In this podcast, we explore CNH Industrial’s steps into making 3-D printing for ag parts a reality, current and future trends in precision farming and how Dot Technology is making autonomous farming a possibility. Also in this episode, we discuss the latest earnings reports from Titan Machinery, Kubota Corp. and Art’s Way Mfg.
Kubota will have 60% ownership of the manufacturing joint venture, which is said to have an initial capacity of 50,000 units and the resources to jointly develop new products.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.