[Funding] Roborobo Secures Investment Resources to Diversify Revenue Streams

Expansion of Untact Culture Drives Development of Learning Platforms
Establishment of AI Development Servers to Train Specialized Personnel
Entry into Private Education Market to Meet Growing Demand for Robotics, Coding, and AI Education

[Asia Economy Reporter Hyungsoo Park] RoboRobo, an educational robot development company, is launching a new business to diversify its revenue sources. The funds needed to develop AI learning models and online learning platforms will be raised through a rights offering.

According to the Financial Supervisory Service's electronic disclosure system on the 1st, RoboRobo will increase its capital by allocating 0.14 new shares per existing share through a rights offering followed by a general public offering of unsubscribed shares. The planned issue price per new share is 3,975 KRW, and a total of 2.55 million shares will be issued to raise 10.1 billion KRW.

With the spread of non-face-to-face culture due to COVID-19, the domestic education environment is also changing. RoboRobo plans to build an online service system specialized in information and communication technology (ICT) education, moving away from offline and face-to-face centered educational services. Of the funds raised through the capital increase, 3 billion KRW will be invested. Considering the market potential in the AI field, an AI education development server will also be established.

The company explained, "The global AI market is growing annually by about 55-66%, and the education sector to nurture both specialized and general personnel needed in the AI field is also expected to grow."

RoboRobo also expects the private education market related to robots, coding, and AI education to expand as demand increases. They plan to spend 1 billion KRW to operate test models and build an infrastructure of professional instructors. If market viability is confirmed, they plan to enter overseas markets as well.

RoboRobo sells various products including RoboKit, RoboKids, Yuaro, CodingStory, and RoManbo. Among these, the educational robot product line accounts for more than 85% of total sales. Looking at sales by region, Beijing RoboRobo's sales account for 49.82% of total consolidated sales. Since companies with diverse products and business lines may have lower business stability, RoboRobo is considering new growth engines.

The remaining 7 billion KRW will be used to expand factories and warehouses. They plan to expand existing factories, storage spaces, and facilities and equipment, and build an integrated system including additional production facilities to establish an efficient production system. The research institute will also be expanded. From an external environmental perspective, since the robot industry is technology-intensive, the industrial cluster environment of Incheon Robot Land is expected to have a positive effect on RoboRobo's technological advancement through technology and human resource exchange and sharing of related service infrastructure.

As of the end of last year, RoboRobo's consolidated financial statements show a debt ratio of 6.15% and a debt dependency of 0.0%. They maintain a debt-free management while sustaining a sound financial structure.

This content was produced with the assistance of AI translation services.