Stanley Robotics raises €3.6 million for its autonomous parking valet robot

French robotics startup Stanley Robotics has raised €3.6 million from Elaia Partners, Idinvest Partners and Bpifrance’s Ville de Demain investment fund.

The company has developed an autonomous robotic parking valet, dubbed Stan, that collects a car and carries it to its parking location. It has launched in Paris Charles de Gaulle airport so far. “Beforehand, we were working in a research lab developing autonomous vehicles. Stan is the product of 15 years of research in this field,” said Aurélien Cord, CTO, who along with his other cofounder have worked extensively on driverless technology.

The company was officially founded in 2015 when it developed the first prototype eventually leading to a partnership with Aéroports de Paris to deploy the autonomous valet. Airport parking has been the primary market for the company, said CEO Clément Boussard: “Early on, we realised there was a strong need for greater parking capacity in airports.

“Further projects are in the pipeline both in France and overseas. The first of these will be put into action before the end of this year.”

Global expansion is on the cards following this funding round. The company will look at markets where air traffic is likely to soar in the coming years, according to COO Stéphane Evanno.

“The company’s solution is an essential building block in car park optimisation, most notably in dense areas where constructing additional infrastructure often proves difficult,” added Gilles Schang of Bpifrance.

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