KUALA LUMPUR, April 20 (Bernama) -- Bear Robotics, a Silicon Valley-based innovator of indoor service robots, announced a strategic investment to fund its Korea-based partner, M2MTech, which specialises in Internet of Things (IoT) convergence for smart remote and predictive systems with elevators.
This investment comes as Bear Robotics now extends their world-renowned Servi robot line with a fully integrated elevator delivery robot, Servi Lift, which is capable of completing last-mile deliveries inside of multi-story buildings such as hotels, hospitals, corporate campuses, as well as other high-rise commercial and residential real estate properties.
In a statement, Bear Robotics co-founder and chief executive officer, John Ha said, the firm believes this investment will truly maximise facility efficiencies and minimise user inconvenience.
“The ELSA convergence platform developed by M2MTech provides strong security, interoperability and connectivity advantages that will set the stage for us to scale our last-mile mobility solutions,” Ha added.
Meanwhile, its co-founder and chief operating officer, Juan Higueros said: “With the global IoT elevator market forecasted to grow to US$64 billion by 2030, it was imperative for us to invest into our close partnership with M2MTech, and to realise the synergies we believe will advance our last-mile aspirations.
“We are confident that this collaborative approach will generate more efficient operations for many of our existing customers and open a broad array of new opportunities that will place Bear Robotics in a position to be the world’s leading multi-story robot delivery solutions provider.”
In engineering Servi Lift, Bear Robotics sought interoperability as its absolute competitive advantage to be applied with major players in the smart elevator market such as OTIS, TKE, Mitsubishi, KONE, Hyundai and Schindler.
With the expansion of urbanisation, the tech pioneer is bullish on the “smart city” shift to robot-friendly buildings, enhanced access security, and the penetration of smart elevators in smart buildings with strong linkages between systems.
Servi Lift will undergo 100 trials in 2023 and broader rollouts lined up across the world in 2024.
-- BERNAMA
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