Bobcat, Teleo Land "Fast Company" Innovation Recognition

March 21, 2024
The companies were showcased among 58 industry categories.
Fast Company
Fast Company Most Innovative Companies 2024

Bobcat and Teleo have landed spots on Fast Company's World’s Most Innovative Companies of 2024, with Bobcat recognized in the manufacturing awards category and Teleo ranked in the top 10 for the most innovative robotics companies. 

This year’s Most Innovative Companies program showcases 58 industry categories—with manufacturing, health, climate, energy and AI among its popular categories. A panel of Fast Company editors and writers identified the companies driving progress around the world and across industries, evaluating thousands of submissions.

Read also: Bobcat Shows Autonomous Equipment at CES

“With innovation being at the core of our legacy, Bobcat is driving the industry forward reaching new heights,” said Joel Honeyman, VP of global innovation Doosan Bobcat, in a statement. “We believe that embracing technology and innovation is vital to long-term success, and we are thrilled to be recognized on Fast Company’s Most Innovative Companies list.”

“The construction industry is currently experiencing a growing labor shortage, and we’re helping to address that by turning their equipment into semi-autonomous machines,” said Vinay Shet, CEO and co-founder Teleo, in a statement. “By developing a technology that moves the operator out of the cab of the machine and into a central command center, we are striving to make these jobs safer, comfortable, and more accessible."

Read also: Teleo Retrofits Snow Plow with Remote Control

“Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year,” said Fast Company editor-in-chief Brendan Vaughan. “We saw extraordinary innovation across the board in 2023, but we also saw a handful of clear patterns: the growing footprint and impact of AI, the triumphant return of live events, and great leaps forward in climate tech. We face daunting challenges on many fronts, but the solutions we celebrate in MIC give me plenty of hope about the future.” 

Source: Bobcat & Teleo

About the Author

Harlee Hewitt

Harlee is associate editor for Construction Equipment. She has a Bachelor's in English with a focus on technical writing.