Quikbot reshapes delivery with robots that go floor to floor

This article is a part of Startup Spotlight, a series that features young, up-and-coming startups.

Image credit: QuikBot

Delivery costs are going up, and the logistics sector, especially in urban areas, face a shortage of workers.

To tackle this, Singapore startup Quikbot is deploying delivery robots that excel in moving within building clusters and inside the structures themselves.

Read on to learn about how this service is looking to change how logistics is done.

Problem

Last-mile deliveries account for more than 50% of shipping costs, which strains supply chains. They also account for more than half of all delivery carbon emissions. Addressing these inefficiencies is vital to supporting the growth of ecommerce.

Solution

Quikbot offers robots that deliver parcels between buildings and across floors. To serve an area, couriers no longer need to go door-to-door. Instead, they can drop off parcels at a single hub, and Quikbot’s robots will do the rest.

The company claims that this could cut last-mile delivery costs by half and shave delivery times by 30 to 50 percent. This is due to optimized routes, zero human errors, and the ability to operate round-the-clock.

Market size

The global last-mile delivery market is projected to reach US$564 billion by 2032. With a CAGR of 15.62% between 2023 and 2027, there is a rising demand, particularly in Asia-Pacific, which is forecasted to grow at 40%.

Team

Quikbot is led by Alan Ng, who has 20 years of experience in entrepreneurial and robotics ventures. He grew StarMedia International Group to exceed US$50 million in revenue, and founded CareStar Robotics.