Circus Robotics secures €1.67M funding despite mounting losses and plummeting shares
Circus Robotics, a maker of AI-powered kitchen robots, has secured €1.67 million through a mini-bond to fund new production. The company faces financial challenges, with an expected operating loss of €15 million in 2025 despite a claimed order backlog worth €1.6 billion. Its share price has also dropped by over 53% this year. The German Armed Forces (Bundeswehr) are currently testing the firm's autonomous cooking systems for military catering. Meanwhile, a supply deal with Ukraine's military covers up to 25 units. Production is already scaled for large volumes, thanks to a partnership with contract manufacturer Celestica.
To boost sales, the company is restructuring its financing and has teamed up with MMV Leasing. This allows food service businesses to lease the CA-1 robot, reducing upfront costs. Despite low revenue of just €250,000 expected in 2025, the firm forecasts a sharp turnaround by 2026, targeting between €44 million and €55 million in sales. Circus Robotics is pushing forward with new funding and partnerships to convert its 8,000-unit pipeline into real orders. The company's future depends on turning its ambitious projections into actual revenue growth. For now, its shares remain under pressure, trading at €5.58 after a steep decline.
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