Autonomous material movement enabler Flo Mobility raises seed funding led by JIIF

Bengaluru-headquartered Flo Mobility has raised seed funding from JITO Incubation and Innovation Foundation (JIIF).The round also saw participation from Saurabh Runwal, Debjyoti Paul and Vikram Raichura.The fresh funds will be used by the company to expand into overseas markets, for hiring, and for enhancement of product portfolio.Founded in 2019 by Manesh Jain and Mohan Kumar, Flo Mobility provides robotic technology and automation in the field of machinery manufacturing on a ‘pay-per-use’ or subscription basis. The company's product facilitates moving material across construction, agriculture, mining and warehousing industries.