Dongguan DirectDriveTech Inc. (本末科技) located in Songshan Lake Robotics Industrial Base, has recently announced the completion of a 10 million A+ round of financing.
DirectDriveTech is a company that focuses on providing direct-drive power solutions without gearboxes, with two main product lines: low-speed, high-torque direct-drive motor solutions, intelligent power modules, and direct-drive, self-balancing wheeled-footed robots, Xingtian and TITA.
The data on the official website of DirectDriveTech shows that the company has now completed more than 100 patent applications; in terms of building production lines, it has successfully realized the climb of daily capacity of 100pcs to 3000pcs for a single production line, passed the certification of ISO quality management system and completed the construction of an independent IQC quality control center, which has a complete productization capability. At present, DirectDriveTech has reached cooperation with a number of head-listed enterprises, providing them with a full set of solutions from demand customization, program design, testing and maintenance.
Equal Ocean reviewed Precedence Research and found that the global robotics market size was USD 72.17 billion in 2022 and is projected to exceed USD 283.19 billion by 2032, growing at a CAGR of 14.7% during the period. Factors driving the expansion of the global robotics market include financial investments in the technology sector, growing demand for industrial robots, and increasing utilization of service robots globally.
DirectDriveTech insists on deep plowing in the field of robotics, and its self-developed and self-produced robot with 6 robot joints to build the robot Interceptor is the world's first direct-drive, self-balancing wheel-footed robot. DirectDriveTech has also won world-class awards such as the Gold Medal at the Geneva International Invention Exhibition, the Gold Medal at the 2019 Asia Invention Exhibition, and the Gold Medal at the Dare To Change Business Pitch Competition, and has gained wider international recognition. Zhang Di (张笛) , Founder of DirectDriveTech, said that DirectDriveTech has already formed its own advantages in many industry segments, realizing the integration of research, production and sales.
Robotics market development prospects are broad, and many companies are competing to enter. Domestic representative enterprises include SINSUN (新松) , ESTUN (埃斯顿) , Huazhong CNC (华中数控) , etc. ; and internationally, BERGER LAHR, ABB, Hanbs, etc. are also attracting attention.
This round of financing was led by Liwan Capital (立湾资本) , followed by Jianyuan Investment (建元投资) , with Northbeta Capital (北拓资本) as the company's long-term exclusive financial advisor. After this round of financing, DirectDriveTech will continue to expand industry applications horizontally, improve the torque density ratio and reduce costs to further improve the commercialization of direct-drive technology.