Lucid Bots Secures $20M to Expand Autonomous Cleaning Platform

• The Series B round brings total funding to $34 million, with plans to expand operations and increase manufacturing in Charlotte.
• The company reports its network has completed over $75 million in cleaning work, with close to 1,000 robots now in use nationwide.

Lucid Bots has raised a $20 million Series B round led by Cubit Capital and Idea Fund Partners, with participation from additional investors. The company, described as a platform for autonomous exterior cleaning, said the funding brings its total raised to $34 million. It plans to use the capital to scale commercial operations, expand manufacturing capacity in Charlotte, and grow its subscription offering.

Lucid Bots is focused on its Lucid Refresh RaaS model, which provides access to its systems through a subscription. The offering includes the Sherpa drone, Lavo AI pressure washing robot, Lucid Command software, training, job intelligence, and an equipment loaner guarantee. Operators can use the service to complete exterior cleaning work without making a capital purchase, bringing the contract while Lucid provides what’s needed to fulfill it.

Operators using Lucid Bots’ systems have generated more than $75 million in exterior cleaning revenue, with nearly 1,000 robots deployed. Lucid Bots reports deployments across varied buildings, surfaces, and weather conditions. Customers range from independent operators to enterprise organizations, including Disney and Sunbelt Rentals.

🌀 Tom’s Take:

Selling robots is one thing; giving operators a way to use them without upfront cost is another. The subscription model removes the barrier to entry and scales with the work getting done.

Source: PR Newswire / Lucid Bots