SHANGHAI, Nov. 17, 2022 /CNW/ — Shanghai Bangbang Robotics Co. Ltd (Bangbang Robotics), a world main service supplier of electrical wheelchairs and mobility scooters, has been named no.1 in Asia in The Data‘s High 50 (TI50) Most Promising Startups 2022.
As some of the authoritative know-how media publications within the Silicon Valley, The Data has tens of hundreds of paid subscribers in 84 international locations and areas all over the world. The TI50 is an annual checklist that chooses 50 firms from all over the world which have the potential to be probably the most precious companies of their respective fields.
BangBang Robotics has a present firm valuation of roughly $83 million and is on monitor to triple its income in 2022. With its pioneering growth of synthetic intelligence (AI) enabled electrical wheelchairs, the corporate has been included in TI50 2022 after evaluation of its present income, enterprise mannequin, and development prospects.
Right here in some extra element is why Bangbang Robotics was included in TI50 2022:
1. Robust product competitiveness:
The business competitiveness of Bangbang Robotics stems from some great benefits of the corporate’s self-developed software program and {hardware}.
The Bangbang Robotics worth chain incorporates R&D design, manufacturing and gross sales, and lays a strong basis for the corporate to be aggressive within the home and worldwide market.
2. Huge market attain:
BangBang Robotics sells its electrical wheelchairs not solely in China, but in addition in additional than 20 different international locations in Europe, the Center East and Asia. About 35% of gross sales come from abroad markets.
On the similar time, China’s inhabitants aged 65 and over accounted for about 12% of China’s whole inhabitants of 1.4 billion in 2021, up from 8% a decade in the past. Sooner or later, this demographic is anticipated to develop additional.
With the robust market demand, as a number one firm within the trade, Bangbang Robotics has big potential to serve extra customers within the coming years.
Bangbang Robotics based in 2016, is the world’s main service supplier and producer of rehabilitation assistive units and has received a flurry of awards for its innovation, together with the Pink Dot Award for its standing-up wheelchair XZ-Droid (This product collection shouldn’t be obtainable for Germany market), and, the iF Design Award from Germany for its energy wheelchair Robooter.
To study extra about our merchandise, please go to our web site www.bangbangrobotic.com, or contact us by e-mail at [email protected].
SOURCE Shanghai BangBang Robotics Co., Ltd.
For additional data: Keira Zhou, +86-18817774845, [email protected]
