Australia’s SwarmFarm Robots Begins Production of Mini Driverless Robotic Tractors

Published by , February 5, 2018 2:04 pm

(NorthQueenslandRegister)  Australia’s SwarmFarm Robotics is poised to start commercial production of its “SwarmBot” mini driverless tractors, with help from about $14 million of fresh investment capital. The company, which operates from the Bate family’s Emerald district cattle and cropping property at Gindie, has just launched a capital raising effort through business advisory giant PWC to help fund its commercial agenda.
Financial projections for SwarmFarm Robotics suggest initial positive earnings before interest, taxes, depreciation and amortisation (EBITDA) by 2020-21, growing to $50m by 2023.