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Slip Robotics closed a $28 million Series B to ramp up production of truck-loading robots, the company tells Axios.

Why it matters: The heavy-lifting gadgets reduce the amount of time a truck spends idling at a warehouse, in turn cutting emissions. 

The big picture: Slip's robots cut freight loading or unloading time to five minutes from an average 30 minutes or longer, a spokesperson tells Axios.

It's deployed the devices under a subscription model to more than 25 sites in the U.S.

Driving the news: Deep-tech investor DCVC led Slip's all-equity raise, with general partner James Hardiman joining the startup's board, the spokesperson says.

Existing investors Eve Atlas, Tech Square Ventures, Hyde Park Venture Partners, Overline, and Pathbreaker Ventures participated in the round.

Between the lines: The raise was a quick one, beginning in Q3 and closing in early Q4, according to the spokesperson.

Flashback: Atlanta-based Slip previously raised about $17 million.

Exclusive: Slip Robotics raises $28M for truck-loading robots

The devices slash truck idling time and, in turn, emissions.

A photo of a barge-like Slip Robotics vehicle carrying crates of goods at a warehouse in Indiana, as a worker in a caution vest looks on.

A SlipBot carries freight at an Indiana plant. Photo: Courtesy of Slip Robotics

Slip Robotics closed a $28 million Series B to ramp up production of truck-loading robots, the company tells Axios.Why it matters: The heavy-lifting gadgets reduce the amount of time a truck spends idling at a warehouse, in turn cutting emissions.

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Exclusive: Slip Robotics raises $28M for truck-loading robots

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