Nau Robotics, a South Korea-based industrial robot technology company, is poised to penetrate the global market, starting with Eastern Europe
The company has launched its branch in Poland. This significant move aligns with Nau Robotics’ strategic expansion plan, aimed at extending its influence in the international automation equipment industry.
Nau Robotics’ CEO, Lee Jong-joo, stated, “We have successfully launched our Polish branch to tap into the growing Eastern European market. Additionally, we plan to establish offices in the United States, Mexico, Indonesia, and Thailand by the end of this year.”
Renowned for its innovative industrial robot product line, Nau Robotics has made considerable strides in mass-producing a diverse range of industrial robots. These products have been introduced to the domestic manufacturing industry and have become crucial players in the realm of automation equipment.
Later this year, Nau Robotics plans to broaden its product portfolio by introducing logistics robots. After extensive research, development, and rigorous testing, these autonomous-driving-based logistics robots are prepared to integrate into various manufacturing environments seamlessly. This positions Nau Robotics as the only robot company with a product line that includes logistics robots.
Nau Robotics recently showcased its complete product range, including its upcoming logistics robots at two significant industry events – the International Plastics and Rubber Industry Exhibition (2023) and the Busan International Machinery Exhibition (2023 BUTECH). These exhibitions attracted a considerable number of visitors, demonstrating the strong interest in Nau Robotics’ product range.
Nau Robotics has been building momentum towards becoming a global robot leader, recently securing a Series A investment of 4 billion won (USD 3 million). This follows a successful venture capital investment after attracting funding from Korea Credit Guarantee Fund in 2021. Nau Robotics has shown consistent sales growth each year, distinguishing itself as a robust and stable player in the robot venture industry.
An official from Nau Robotics added, “As the secondary battery and automobile markets continue to expand, we’re aiming to establish overseas bases to cater to local markets.”
Also Read,
- Korean startup Nau Robotics to expand industrial robot market share & launch an IPO in 2023
- Bigwave Robotics secures $8.2 million in Series A funding for its robot solution platform ‘Marosol’
- Korea International Trade Association (KITA) unveils finalists for NextRise 2023 Awards
- Korean accelerator Naver D2SF makes follow-up investments in two robotic startups
