The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

AutoStore revenue up 95% in Q3 to $84.7M

By Brianna Wessling | November 24, 2021

autostore fulfillment center

AutoStore has generated $234.4 million in revenue from its ASRS systems in 2021. | Image: AutoStore

AutoStore earned $84.7 million in revenue in the third quarter of 2021. Its revenue is up 95% from $43.4 million in Q3 of 2020. AutoStore was founded in 1996, and today it has systems in 40 different countries. It develops an automated storage and retrieval system (ASRS) and claims its system can store four times the inventory in the same space.

AutoStore began 2021 with an outlook goal of $300 million in revenue by the end of the year. So far, it’s brought in $234.4 million, putting it on track to reach its goal by the end of the year.

In its earnings report, AutoStore reported $140 million in order intakes for Q3, bringing its order intakes for the year to $422.5 million. It defines an order intake as “projects where a distribution partner has received a purchase order or verbal confirmation that a specific installation will be ordered.” Order intake in Q3 was up 177.1% compared to Q3 of last year. The company has an order backlog that exceeds $340 million.

“AutoStore continues to benefit from a huge, underpenetrated market with high expected growth rates for fast cubic storage, driven by a strong macro backdrop of pressure on warehouse costs and productivity, acceleration in e-commerce growth, and labor shortages,“ said Karl Johan Lier, CEO of AutoStore.

This was AutoStore’s first financial earnings report since its IPO on Euronext’s Oslo Stock Exchange in October 2021. At the time, the company was valued at $12.4 billion. According to Reuters, it was Norway’s biggest IPO in two decades.

During Q3, it added StrongPoint ASA and Fives group to its partner network, and officially opened its Innovation Hub. AutoStore’s Innovation Hub is a center in Karmøy, Norway, where the company replicates and tests various in-store and warehouse environments. This facility is intended to help the company keep up with an increasing order demand.

In April 2021, SoftBank bought 40% of AutoStore for $2.8 billion. At the time, this valued the company $7 billion. SoftBank did not give up its stock during the IPO.

Currently, AutoStore and its competitor, Ocado, are engaged in a patent infringement lawsuit. AutoStore sued Ocado in October 2020, alleging its AS/RS system and robots are the foundation on which Ocado’s Smart Platform was built and on which Ocado’s business today is based.

About The Author

Brianna Wessling

Brianna Wessling is an Associate Editor, Robotics, WTWH Media. She joined WTWH Media in November 2021, after graduating from the University of Kansas with degrees in Journalism and English. She covers a wide range of robotics topics, but specializes in women in robotics, autonomous vehicles, and space robotics.

She can be reached at bwessling@wtwhmedia.com

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

A graph showing North American robot orders from 2022 to Q1 of 2025.
A3: North American robot orders remain steady to start 2025
Headshot of Giovanni Campanella and podcast logo.
Safety and efficiency in robotics design
WeRide's autonomous vehicles.
Uber investing $100M into WeRide to bring robotaxis to 15 cities
headshots of JP Hathout and Kevin Dumas.
Teradyne Robotics makes leadership changes at MiR, UR

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
  • Modular motors and gearboxes make product development simple
The Robot Report
  • Mobile Robot Guide
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe