By Greg Ryan
Locus Robotics formally broke ground Wednesday on a nearly 200,000-square-foot headquarters in Wilmington, the town where the robot maker is now based.
The new facility, at 100 Fordham Road, will replace its current home at 301 Ballardville St. in Wilmington and house the company’s executives and engineering, manufacturing and operations personnel. Locus’ European headquarters are in Amsterdam.
The company manufactures robots for fulfillment warehouses for customers such as DHL and UPS. It raised more than $117 million in a Series F round in November. Locus CEO Rick Faulk told the Business Journal at that time that his goal was to have an initial public offering in 18 to 24 months, or 2024.
Locus is one of the fastest-growing private companies in Massachusetts. Its 2022 revenue was $113 million, more than nine times its revenue three years earlier, according to Business Journal research.
“This is a significant milestone that reflects our robust growth trajectory and our dedication to revolutionizing the warehouse automation sector with cutting-edge, AI-driven robotics solutions,” Faulk said in a statement about the groundbreaking.