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AI Robotics Company Electric Sheep Acquires Two More Landscaping Businesses and Brings Tech-Enabled Private Equity Model to Outdoor Services Industry

Written by Customer Service on . Posted in Mergers And Acquisitions.

AI Robotics Company Electric Sheep Acquires Two More Landscaping Businesses

Co-Founder and CEO Nag Murty and Co-Founder and COO Jarrett Herold
Co-Founder and CEO Nag Murty and Co-Founder and COO Jarrett Herold

SAN FRANCISCO, Dec. 13, 2023 (GLOBE NEWSWIRE) — Electric Sheep, who is creating the first large-scale outdoor maintenance company powered by artificial intelligence and robotics, announced today two new acquisitions of landscaping businesses – Westar Landscaping and Caliscapes. This makes four landscaping businesses that Electric Sheep has acquired in recent months.

Electric Sheep is an outdoor maintenance company powered by artificial intelligence and robotics. It acquires traditional outdoor service providers and progressively transforms operations by deploying its proprietary AI software and robots. Electric Sheep has grown revenues 8x since implementing this model and has a growing pipeline of interested businesses that can enable the company 10x growth in 2024.

“The ESR business model of acquiring landscaping businesses and improving their margins by augmenting workers with automation is radically innovative, and a sustainable, rapidly scalable way to build moonshot robotics,” says Pieter Abbeel, Professor in AI and Robotics at UC Berkeley, co-founder and Chief Scientist at Covariant, and long-time Scientific Advisor to Electric Sheep. “As this model scales, ESR is poised to build an RL factory to train AI agents for sustainable outdoor work. I’m excited to support their mission.”

Electric Sheep’s ML models are designed to automate various physical tasks like mowing and sweeping and knowledge work like inventory management, customer success, and marketing. The robots explore, map, navigate and manipulate the physical world around them including HOAs, parks, university campuses and more. Electric Sheep’s robots don’t require an engineer on site – they can just be shipped to the site and begin tasks alongside the crew. This is only possible through Electric Sheep’s full stack data channel and the large volume of data that the robots are continually trained on.

“Electric Sheep is at a critical point in its growth; acquiring Westar and Caliscapes builds on our successful business model of injecting advanced AI and robotics into traditional landscaping companies and significantly increasing their value,” said Nag Murty, CEO and Co-Founder of Electric Sheep. “We’re bringing a new business model to an industry that is ripe for innovation; by acquiring these businesses first and incorporating this full data and AI deployment engine, we are creating a fully scalable and sustainable business that is really a first in the outdoor services market.”

“We continue to acquire companies in major metro areas that have a strong customer base, well-maintained equipment and exceptional facilities,” added Jarrett Herold, COO and Co-Founder of Electric Sheep. “In California in particular, electrification is a major priority, and starting in 2024, the sale of new gas-powered blowers, mowers, weed trimmers and chainsaws will be banned in the state. With both Westar and Caliscapes based in California, we are building out our footprint to bring electrification to landscaping for regions that are demanding it. We will also be focusing on implementing robotics for tasks like fire abatement which is becoming a more urgent issue for counties in California.”

About Electric Sheep
Electric Sheep is creating the first large-scale outdoor maintenance company powered by artificial intelligence and robotics. It is acquiring traditional outdoor service providers and progressively transforming operations by deploying proprietary AI software and robots. Electric Sheep’s ML models are designed to automate various physical tasks like mowing and knowledge work like inventory management. Through consolidation and AI-fueled vertical integration, Electric Sheep will become a major player in the $1 Trillion Global Market for outdoor infrastructure services. The company is based in SF and funded by Tiger Global and Foundation Capital.

Kerry Metzdorf
Big Swing Communications
978-463-2575
kerry@big-swing.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab0c526a-b895-45e7-a791-14df1b5ccada

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