- Acquires investment worth US$33.7
million from Praxis Capital Partners & Korea Investment
Partners
- Plans to establish North
America and Europe
subsidiaries, aiming to expand global market footprint
- Aims for IPO in the future while strengthening R&D
capability to increase global market share
SEOUL, South Korea,
Jan. 4, 2022 /PRNewswire/
-- Doosan Robotics announced it has become South Korea's first to achieve an annual sales
record of 1,000 units for collaborative robots (cobots).
Established in 2015, Doosan Robotics has manufactured cobots
using proprietary technology and has maintained the position of
number one market share holder in Korea since 2018.
Doosan Robotics has also performed remarkably in global markets,
becoming the first Korean company to be named as one of world's top
five cobot manufacturers. The company's global performance now
account for 70 percent of its total sales, with demand continuing
to increase from markets including North
America and Western Europe.
The company plans to establish subsidiaries in these regions to
further accelerate growth.
The company also announced it has successfully raised an
investment worth US$33.7 million from
Praxis Capital Partners and Korea Investment Partners, with
investors valuing highly of the company's achievements and
competitiveness. Funds will be used to expand global sales base and
strengthen R&D to attract additional partnerships both global
and domestic. The company also plans to pursue an initial public
offering (IPO) with the ambition to become a global market leader
of cobots in the manufacturing and service fields.
"We're looking forward to expediting the growth of our business
with the recent funds raised," said William (Junghoon Ryu), CEO at Doosan Robotics. "We will
further enhance the competitiveness of new products and software
that are mounted with our proprietary technology and strive to
attain the position as number one market share holder in the global
cobot market," he added.
Meanwhile, Doosan Robotics will be exhibiting at the Consumer
Electronics Show (CES) 2022 between January
5-8. This will mark the first global reveal of the company's
latest service robots including the unmanned modular robot café,
DR. PRESSO and CES award-winning camera robot system, "New
Inspiration. New Angle. (NINA)".
About Doosan Robotics
Doosan Robotics, founded in 2015 by Doosan Group, creates
technology for the next generation of manufacturing. Established in
1896, the group has 25 affiliates and 114 global entities, generating revenue of USD15 billion in 2020. https://www.doosanrobotics.com/en/.
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SOURCE Doosan Robotics