A Russian company, Promobot, is developing robot assistants in the service sector. Promobot already sells robots in Russia and 18 other countries. A recently concluded contract with the American company,...
A Russian company, Promobot, is developing robot assistants in the service sector. Promobot already sells robots in Russia and 18 other countries. A recently concluded contract with the American company, Intellitronix, will allow the startup to enter the U.S. market. In total, Promobot plans to sell 2,800 robots over five years. Intellitronix will act as an exclusive supplier. The company has already paid $600,000 for this right. Within the next five years, Promobot will receive another $57 million.
Under the terms of the transaction, Promobot will receive a monthly payment for its products. The company has not disclosed the price for one robot.
The main areas of application of these robots are consultants in shops, banks, and other public places - as well as tour guides in museums.
Intellitronix has not limited the number of robots to be delivered to them. Further growth in supply depends on the production capacity of Promobot.
Now, Promobot faces the task of increasing production. To this end, the startup is looking for new investors in Russia and the U.S. At the same time, the batches of robots produced are likely to be small since the market is still being formed. In addition, exporting to the U.S. can raise the price of products by 40-50%.
The company expects that a large demand for the newly emerging market will be favorable for the development of Promobot. And artificial intelligence will help them beat the competition. The robots communicate with customers through the use of neural networks. Promobot will receive even more data for training and improving the robots due to increasing sales and expanding production.
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