Company Growth & Funding - Noetix's robot sales surged after a robotics showcase, exceeding 2500 units [3][4] - The company is seeking to raise over 250 million Chinese yuan in its latest funding round [3] - Noetix's valuation increased from 500 million Chinese yuan (approximately 70 million USD) to 200 million USD after the robot race [4] Production & Expansion - Noetix plans to significantly increase robot production, aiming for over 10,000 units next year [5] - The company intends to begin global sales, targeting North America, Europe, and the Middle East, starting in October or later [5][6] - Noetix aims to be the first company globally to produce over 10,000 robots [5] Supply Chain & Technology - While most robot components are manufactured in China, Noetix relies on global suppliers for certain parts like STM32 chips, Intel chips, and Intel RealSense cameras [6] - Noetix is actively testing alternative components, such as Rockchip CPUs, to replace US-sourced technology, mitigating potential supply chain risks [7][8] - The company is developing contingency plans to address potential restrictions on access to US technology [7][8]
Chinese Robot Startup’s Sales Leap After Beijing Marathon
Bloomberg Television·2025-06-30 09:32