China's Lumos eyes fresh funding, potential listing as factory robot sales grow
Chinese robotics startup Lumos Robotics plans to raise additional funds and prepare for a potential stock-market listing next year, focusing on factory cost savings. The company has raised about 1 billion yuan ($147 million) and aims to deploy around 300 of its MOS robots this year. The World Robot Conference in Beijing is set to highlight advancements in industrial robotics.