Sojo Secures $40 Million to Expand Mobile Packaging and Blockchain Tech

Sojo Receives USD 40 Million in Funding for Its Mobile Packaging Lines

Image Credits: Sojo 

Sojo Industries, a leading industrial automation firm, has received an investment of USD 40 million from S2G investments, aiming to deploy its mobile packaging lines, automate the robotic hardware, and use blockchain-based software. The company also aims to improve its track-and-trace platform with the funding.

The company has a special ‘Sojo Flight System’, working in mobile robotic machines, which allows them to produce mixed packs of products at their locations. Moreover, the deployment and operation of the machine can be set up in just one hour. The system is also expected to reduce the cost of sending products to other places for packaging; instead, it will help the companies save their shipping and packaging money.

The software platform is also focused on providing a supply chain updated with real-time geolocation, operational insights, and analytics, helping the company to track its product quality and inventory. The reports state that it has helped the consumers to save over five million freight miles.

The managing director of S2G food and agriculture strategy said that Sojo is addressing a point in the food and beverage supply chain by aiming to tackle the fragmented, manual repackaging and distribution process that leads to operational drag and hidden costs. He also mentioned, “As complexity grows, brands need more agility, and traditional workflows that have multiple handoffs and limited ability to adapt to dynamic market demands are no longer sustainable.”

The CEO of Sojo, Barak Bar-Cohen, also believes that the funding is a pivotal moment in its journey. “As consumer demand for variety and customization accelerates, brands are increasingly challenged by legacy packaging models that are slow, inflexible, and costly. He further added, “S2G has deep experience in sustainable supply chain investments and with their partnership, we are committed to delivering alternative technology solutions that reduce freight, labour, and emissions, while helping brands drive profitable innovation and get on shelf faster.”

The funding from S2G is expected to help Sojo’s ‘Atoms to Bits’ platform, which brings the robotic hardware and blockchain-based software together, helping them to manage their operations more efficiently. The company also claims that the hardware has been adopted by over 500 emerging brands, co-manufacturers, distributors, and Fortune companies across various sectors like e-commerce, food, and beverage.