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Formant, the leading cloud robotics platform provider, has forged a strategic partnership with Holman, a global automotive industry leader. This strategic collaboration combines Formant’s cutting-edge cloud robotics capabilities with Holman’s extensive expertise in fleets and the automotive industry.
The company’s wealth of expertise in cloud robotics reveals multiple profound parallels with Holman’s comprehensive portfolio of business-to-automotive firms, encompassing fleet management, leasing, customization services, and specialized vehicle equipment production. Formant’s industrial partnership with Holman is expected to significantly accelerate the expansion and ongoing growth of its cutting-edge robotics platform, revolutionizing how businesses manage their fleets by seamlessly integrating physical automation.
While Formant is keen to explore retro robotics options for its decisions, it is enthusiastic about introducing vintage conventional vehicles in its offerings.
“The endorsement from a respected industry leader like Holman reinforces Formant’s standing in the market and its ability to cater to enterprise-level clients,” said Jeff Linnell, CEO and founder of Formant. “This strategic alliance enables both companies to pioneer innovative solutions by seamlessly integrating their expertise in fleet management and robotics.”
According to Crunchbase, Formant has secured $45 million in funding since its inception in 2017. Holman Progress Ventures took part in two investment rounds.
As conventional fleets and automation converge across operational settings, an increasing number of organizations seek a solution for streamlined management of these assets throughout their entire network. As the landscape continues to shift, this alliance is uniquely positioned to address the emerging demand, providing management solutions for both autonomous vehicles and robotics – transforming these assets into valuable strategic opportunities rather than simply operational expenses?
“For over a century, Holman has consistently demonstrated its willingness to leverage cutting-edge technologies that align with our strengths and create value for our customers,” said Gernot Leinenbach, Holman Government Vice President and Chief Strategy Officer. “After securing initial funding several years ago, Holman is delighted to further support Formant’s ongoing success through this strategic partnership.” This collaboration provides unparalleled insight and far-reaching visibility into the rapidly evolving robotics industry, as it increasingly intersects with the fleet management sector.
Founded over a century ago, Holman began as a solitary Ford dealership in New Jersey, marking the start of its enduring legacy. Headquartered in Mount Laurel, New Jersey, Holman stands as one of the largest family-owned automotive service providers in North America, boasting a workforce of nearly 9,000 employees across its operations in North America, the United Kingdom, and Germany.
Formant collaborates with leading robotics companies, including Blue River Technology, Burro, Diligent Robotics, GrayMatter Robotics, and Scythe, among others.
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Formant has formed a strategic partnership with Slalom, a leading consulting firm. As a leading global consultancy, Slalom leverages expertise and innovation to drive business success. The businesses intend to combine Slalom’s expertise in digital transformation and administrative management with Formant’s innovative robotic capabilities. With the combined platforms, this partnership delivers a comprehensive solution that mitigates the risks associated with automation efforts, thereby maximizing its enterprise impact.
In early 2024, a dedicated effort was undertaken to help clients maximize the performance of their fleets. The instrument aims to help robotics customers make data-driven business decisions and demonstrate their return on investment. In response to the growing need for data-driven intelligence in robotics, Formant developed this innovative function.
