True Position Robotics (TPR), a pioneering firm in aircraft robotics, has secured £1 million from the Midlands Engine Investment Fund II. This marks a significant first investment for the fund, aimed at advancing innovation in aircraft manufacturing.
True Position Robotics (TPR), a leader in the robotics sector, has achieved a landmark by securing a £1 million investment from the Midlands Engine Investment Fund II. This pivotal funding will enable TPR to enhance its research and development as it collaborates with industry giants like BAE Systems. The investment marks the first major input by the fund across the Midlands region.
The company’s technology is designed to automate the drilling and inspection processes, employing advanced optical tracking technology. This innovative approach reduces the need for manual intervention, allowing for a faster, cost-effective, and more efficient production process.
The technology’s reduced energy consumption aligns with industry goals of moving towards sustainability, reflecting both economic and environmental advantages.
This collaboration not only demonstrates TPR’s credibility but also its potential to expand further into the aerospace sector.
Mercia’s involvement ensures that TPR has the financial backing and strategic guidance needed to scale its operations effectively.
His vision encapsulates the company’s ambition to be at the forefront of technological advancements in aircraft manufacturing.
Cooper expressed enthusiasm about TPR’s growth trajectory and the role of the Midlands Engine Investment Fund II in facilitating cutting-edge technology transitions.
In receiving this investment, True Position Robotics stands poised to significantly impact the aerospace industry. The firm’s innovative approaches promise to streamline manufacturing, enhance efficiency, and support broader industry goals of sustainability and cost reduction.
