Verve Motion Secures $20M for Exosuit Business Expansion

Verve Motion, an exosuit technology startup, has successfully raised $20 million in a funding round aimed at expanding its business. The funding round was led by PJC, with participation from investors including the Founder Collective, the Engine, and a host of angel investors.

Advancements in Exosuit Technology

Verve Motion is a pioneering startup in the realm of exosuit technology – wearable systems designed to enhance physical ability and provide support during strenuous activities. The company’s primary product, Verve+, is an upper-body exosuit that has seen success in industrial settings, helping to prevent injuries and boost productivity.

Funding Fuels Growth

The recent funding round will enable Verve Motion to expand its business operations, enhance its existing technology and explore new market opportunities. The investment will also aid the company in advancing its product development to cater to a wider range of industries.

Investor Confidence in Verve Motion

PJC led the funding round, demonstrating investor confidence in Verve Motion’s innovative technology and its potential impact on various industries. Other investors like Founder Collective and the Engine also participated in the funding round, expressing their belief in the startup’s vision and potential.

The successful funding round underlines the growing interest in exosuit technology, and positions Verve Motion for significant expansion in the coming years. The fresh capital will allow the company to increase its technological capabilities and potentially revolutionize industries where physical exertion and injuries are commonplace.