· Funding· 日本語で読む
China’s Lumos Robotics Considers Additional Funding and Preparations for Stock Listing
The founder of Chinese robotics company Lumos Robotics said the company is considering additional funding and preparing for a stock listing.
What happened
According to Reuters, Lumos Robotics founder and CEO Yu Chao said the company is considering additional funding and plans to begin preparations for a stock listing as soon as next year. The company has raised about 1 billion yuan to date.
Why it matters
Lumos Robotics said it would use additional funding for industrial deployments, equipment development and improvements to its artificial intelligence models, showing which stages of development the money would support. The company also indicated that it plans to begin listing preparations as soon as next year, suggesting it is looking to enter capital markets while advancing the commercial deployment of factory robots.
Sources
Translated from the Japanese original: /news/lumos-robotics-tsuika-shikinchoutatsu-to-rainen-no-joujou-ju-cb4cb9. The Japanese version is authoritative if they differ.