{"id":68731,"date":"2019-07-29T13:14:08","date_gmt":"2019-07-29T05:14:08","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/robo-3d-to-scale-up-production-with-1-8-million-funding.3dm"},"modified":"2019-07-29T13:14:08","modified_gmt":"2019-07-29T05:14:08","slug":"robo-3d-to-scale-up-production-with-1-8-million-funding","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/","title":{"rendered":"Robo 3D to scale up production with $1.8 million funding"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">150<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">94<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">55<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">1<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Californian desktop 3D printer manufacturers Robo 3D has announced raising AUD$1.8 million (USD$1.37 Million) in a recent funding round.<\/p>\n<p>Robo 3D was listed on the Australian Stock exchange (ASX) in November 2016. Recently the company launched the C2 and R2 3D printers on Kickstarter. According to Robo 3D, they are anticipating high demand for the R2 3D printers following a considerable number of pre-orders and will use the funding to expand production.<\/p>\n<p>The total amount of finance comes in two parts. $800,000 of funding was led by GTT Ventures, with major shareholder Tony Grist, head of Albion Capital Partners providing an $1 million trade finance loan.<\/p>\n<figure id=\"attachment_101724\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-101724\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/iPrinter3D.jpg\" alt=\"\" width=\"1080\" height=\"1080\" \/><figcaption class=\"wp-caption-text\">A 3D printed T-Rex skull on the C2 model. Photo via: ROBO3D.<\/figcaption><\/figure>\n<p><strong>Funding Robo 3D R2<\/strong><\/p>\n<p>Trading was suspended prior to the announcement, and the placement comprises 13,333,333 shares. The funding and trade placement will be used to finance the manufacturing and rollout of the Robo R2 3D printers which are currently available to pre-order.<\/p>\n<p>The Californian company also announced the investment will be used to expand joint R&amp;D development initiatives with Foxconn, Robo 3D&#8217;s major manufacturer. Taiwanese manufacturing company Foxconn is famous for manufacturing iPhones in China and was announced as Robo&#8217;s manufacturing partner earlier this year. Robo 3D will fund sales &amp; marketing operations with the investment, in addition to ramping up stock purchasing from Foxconn in light of the expected high demand for the R2 printer.<\/p>\n<figure id=\"attachment_116346\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-116346\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9.jpg\" alt=\"Assembly line of R2 3D printers. Photo via Ryan Legudi.\" width=\"900\" height=\"1200\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9.jpg 900w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9-768x1024.jpg 768w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9-770x1027.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9-200x267.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C8iIdSsWsAA2Fe9-375x500.jpg 375w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-caption-text\">Assembly line of R2 3D printers. Photo via Ryan Legudi.<\/figcaption><\/figure>\n<p><strong>Commercialisation mode <\/strong><\/p>\n<p>Robo&#8217;s Managing Director, Ryan Legudi explains the company is in &#8220;<em>full commercialisation mode.<\/em>&#8221; He adds,<\/p>\n<blockquote>\n<p>With the successful pre-sales of our new Robo R2 3D printers, this fundraising will strengthen our working capital position to fully expand our marketing and sales efforts while our printers gain further traction in the market.<\/p>\n<\/blockquote>\n<p><em>For the latest 3D printing business news, subscribe to the most widely read newsletter in the 3D printing industry, follow us on twitter and like us on Facebook.<\/em><\/p>\n<p><em>Featured image shows Robo 3D overseeing the final stages of production of the R2 3D printer. Photo via Ryan Legudi.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>150shares 94 55 1 Californian desktop 3D printer manufacturers Robo 3D has announced raising AUD$1.8 million (USD$1.37 Million) in a recent funding round. Robo 3D was listed on the Australian Stock exchange (ASX) in November 2016. Recently the company launched the C2 and R2 3D printers on Kickstarter. According to Robo 3D, they are anticipating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182672,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/iPrinter3D.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Robo 3D to scale up production with $1.8 million funding - FacFox News<\/title>\n<meta name=\"description\" content=\"150shares94551Californian desktop 3D printer manufacturers Robo 3D has announced raising AUD$1.8 million (USD$1.37 Million) in a recent funding round.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robo 3D to scale up production with $1.8 million funding\" \/>\n<meta property=\"og:description\" content=\"150shares94551Californian desktop 3D printer manufacturers Robo 3D has announced raising AUD$1.8 million (USD$1.37 Million) in a recent funding round.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-29T05:14:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/iPrinter3D.jpg\" \/>\n<meta name=\"author\" content=\"edi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/iPrinter3D.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"edi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\"},\"author\":{\"name\":\"edi\",\"@id\":\"https:\/\/facfox.com\/news\/#\/schema\/person\/30c6618bf20fcdd6af222ac673dfd857\"},\"headline\":\"Robo 3D to scale up production with $1.8 million funding\",\"datePublished\":\"2019-07-29T05:14:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\"},\"wordCount\":358,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/facfox.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/12\/iPrinter3D.jpg\",\"keywords\":[\"3dprint\",\"3dprinting\",\"business\"],\"articleSection\":[\"Aerospace\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\",\"url\":\"https:\/\/facfox.com\/news\/robo-3d-to-scale-up-production-with-1-8-million-funding\/\",\"name\":\"Robo 3D to scale up production with $1.8 million funding - 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