- Stellar Pizza, an organization that makes vehicles geared up with robotic pizza makers, has raised $16.5 million in a funding spherical backed by Jay-Z’s Marcy Enterprise Companions, a number of retailers reported.
- Stellar, which was based by former SpaceX workers in 2019, makes use of a robotic to cook dinner cellular ordered pizzas that are then delivered by the truck driver. The corporate raised $9 million from different buyers in a earlier spherical of funding, Restaurant Enterprise reported.
- MVP’s funding comes as Stellar prepares to launch its first vehicles this fall on the College of Southern California in Los Angeles. Stellar didn’t responded to Restaurant Dive’s request for remark.
Stellar’s enterprise mannequin blends a pair of concepts in style on the margins of the restaurant trade: robotic pizza makers and supply automobiles that double as cooking amenities. The idea is pretty much like a prototype unveiled by Pizza Hut in 2018. Final yr, Domino’s started piloting an autonomous supply robotic with Nuro, although the automobiles don’t cook dinner the pizzas.
Stellar’s fundraising additionally bucks an trade pattern. Some main corporations are scaling again their robotics divisions as financial circumstances tighten worldwide, with banks limiting investments by elevating rates of interest within the hopes of cooling inflation. Earlier this yr, the restaurant tech sector confronted a slew of layoffs and jobs cuts as corporations adjusted to worsening macroeconomic forecasts. In Might, Reef reduce 5% of its international workforce, whereas Nextbite, ChowNow, Gopuff and Lunchbox all laid off staff in July. DoorDash shuttered its robotics subsidiary, Chowbotics, in August and shifted focus in the direction of different robotics tasks, whereas Brinker paused its check of Rita the Robotic.
The demand for restaurant automation and labor-saving tech stays sturdy, nonetheless, regardless of financial challenges. Main manufacturers have invested in kitchen reorganization and new tools just lately, whereas Uber and Nuro struck a 10-year partnership to supply automated supply in September.