Fixposition secures investment from Segway-Ninebot – Venturelab

Fixposition recently welcomed intelligent personal transport and robotics company Segway-Ninebot as an investor and customer. Fixposition, which provides global high-precision positioning solutions, is a Venture Kick and Venture Leaders alum. It was also named a TOP 100 Swiss Startup from 2018 to 2021.

Fixposition develops high-precision global positioning products, combining computer vision techniques and satellite navigation to deliver accuracy in open fields and GNSS-challenging environments. More than ten companies worldwide, including the US, China, and beyond, already use Fixposition’s technology in different applications. In March 2022, the startup launched Vision-RTK2, which significantly improved product performance, providing a richer interface to meet customers’ needs.

The core value of Vision-RTK2 is its expansion of GNSS-based global positioning to more scenarios to help customers optimize their autonomous driving solutions more cost-effectively. Vision-RTK2 also incorporates inertial sensors, wheeled odometers, and machine-learning algorithms. The disruptive innovation solves the problem of blocking and reflecting GNSS signals and avoids the interference of pure visual odometer positioning with harsh light changes.

Segway-Ninebot is a global enterprise pioneering intelligent short-distance transportation and service robots. The company operates internationally, selling products in over 100 countries and regions. The investment from Segway-Ninebot and other investors will support the startup’s development.

“We are proud to have Segway-Ninebot put their trust in us with their investment and the opportunity to integrate Fixposition technology into their end products. This is a big recognition of Fixposition as a leader in providing Precise Global Positioning Everywhere™. We are very excited to welcome more customers like Segway-Ninebot to work with Fixpositon to better the world with more precision and autonomy,” said Zhenzhong Su, CEO and Co-Founder of Fixposition.

“We strongly believe this is the way forward to enable autonomous vehicles to operate with precise positioning in all environments. We witnessed the market growth for this technology accelerating and are excited to be part of it,” said Adam (Zongyi) Yin, VP of Investment at Segway-Ninebot.

Earlier in 2022, Fixposition had announced the addition of new investors (Serpentine Ventures, Amino Capital, and MAX Electron) to a USD 5.95 million seed round that started in October 2021 (excluding the investment of Gao Mei Capital, due to the complexity to transfer the RMB fund to Switzerland).

In 2018, Fixposition was awarded CHF 30,000 by Venture Kickc, making it into the program’s final round, and was chosen to participate in the Venture Leaders China program, which took deeptech entrepreneurs on a ten-day investor roadshow in China and Hong Kong. The startup was voted one of the TOP 100 Swiss Startups every year from 2018 to 2021 and participated in the ESA BIC Switzerland program.

Fixposition’s team

Fixposition’s co-founders Zhenzhong Su (CEO) and Lukas Meier (CTO)

We are a team of GNSS specialists, computer vision and sensor fusion experts, and business leaders with a shared belief in the autonomous future. We have joined forces to build a leading positioning s… Read more