Scythe Robotics, the Colorado-based company developing commercial-grade autonomous solutions for the professional landscape industry, reports that it has raised $42 million in Series B financing. The funding will help Scythe meet demand for the more than 7,500 reservations for its all-electric, fully autonomous M.52 mower.
The financing round was led by Energy Impact Partners and included additional new investors – ArcTern Ventures, Alumni Ventures and Amazon’s Alexa Fund – alongside participation from existing investors True Ventures, Inspired Capital and more. This financing round brings the company’s total capital raised to date to $60.6 million.
“Since launching from stealth in June 2021, we’ve seen overwhelming interest from commercial landscape contractors in Scythe M.52 as a solution addressing both their crippling labor pains and their electrification needs,” says Jack Morrison, co-founder and CEO of Scythe. “We’re thrilled to expand our outstanding investor list, particularly with the addition of influential climate-tech investors Energy Impact Partners and ArcTern Ventures, and secure more capital to scale and meet the phenomenal demand for M.52.”
Scythe M.52 units have already been deployed to customer operations in Texas and are currently rolling out to customers in Florida, the company notes.
“Commercial landscaping electrification represents a massive but undercapitalized decarbonization opportunity, tackling more than 40 million metric tons of CO2e emissions annually,” says Sameer Reddy, managing partner, venture at Energy Impact Partners. “By combining cutting-edge robotics with a purpose-built electric platform, Scythe is delivering a no-brainer value proposition for its customers that unlocks the economics of electrification while also alleviating unprecedented labor constraints. With increasing regulatory pressures on emissions and air pollution, we see Scythe playing an instrumental role in decarbonizing our nation’s largest crop: grass.