Hong Kong-based Rice Robotics secured $7 M Pre-series A funding to enter Japan
Rice Robotics, based in Hong Kong, has raised US $7 million in pre-series A funding in order to improve its production capabilities and enter the Japanese market.
The construction of a production facility in Hong Kong, which began operations in the first quarter of 2023, was already partially funded by the new funds.
With the addition of the new facility, Rice Robotics has been able to more than quadruple its annual production capacity and meet the rising demand for its delivery robots in Hong Kong and around the world.
Rice Robotics, a 2019 startup, focuses on automating workforce tasks with robotic technology. It creates and uses delivery and cleaning robots that can operate elevators, navigate challenging environments, and recharge on their own.
Solutions from the company are used in places like Thailand and Hong Kong. Rice Robotics has collaborated in Japan with companies like Toyota Motor Corporation, Mitsui Group, SoftBank, and the Japan Post.
According to a statement from the company’s founder, Victor Lee, the nation has surpassed Hong Kong as the largest market for Rice Robotics. This significant shift is attributed to Covid-19’s rising demand for delivery and disinfection robots.
