Industry Overview - The global aging population is rapidly increasing, with the number of people aged 65 and over projected to rise from 761 million in 2021 to 1.6 billion by 2050, more than doubling [2] - The global elderly care market reached $45.72 billion in 2023 and is expected to grow to $98.19 billion by 2032, with a compound annual growth rate (CAGR) of 9.0% [2] Company Insights - Libpet Tech Limited, founded by Xu Huafeng, focuses on integrating autonomous driving technology into smart mobility solutions, specifically targeting the elderly care market [3][4] - The company has developed various products, including the Libpet APS autonomous passenger service robot and the Libpet All-terrain Robot, aimed at addressing short-distance travel challenges [6][8] - The all-terrain robot is priced at approximately 100,000 HKD, offering a competitive advantage over similar products in the market [6] Market Demand and Strategy - There is a significant demand for short-distance transportation solutions, particularly in high-traffic areas like airports and hospitals, where traditional mobility options are often inadequate [7][9] - The company employs a dual-track strategy, collaborating directly with service operators in airports and healthcare facilities while also exploring technology partnerships with traditional manufacturers [9][10] - Libpet Tech aims to enhance traditional mobility products, such as wheelchairs, by integrating advanced features like collision avoidance and autonomous driving capabilities [10] Financial Projections and Funding - The company anticipates sales to exceed 20 million HKD in the next two years, primarily from product sales and technology licensing [10] - Libpet Tech plans to initiate a new funding round of approximately $10 million in early to mid-2026 to support global business expansion [10][11]