COLDSKY.CN – Shenzhen-based MileBot (迈步机器人) , which offers a series of exoskeleton robots to help rehabilitation, raised +10M RMB in Series A round of financing.
The investment from Keying Investment (珠海科溋投资), Lenovo Capital and Incubator(联想创投) and Dening Insutrial (浙江德宁实业) will help improve technology research, products update and marketing, said Chen Gong (陈功), CEO of the start-up established in September 2016.
The company’s products include Exoskeleton Robot for Lower Limb Rehabilitation BEAR-H1, Lumbar exoskeleton PB-1, Hand Rehabilitation Exoskeleton Robot and Treadmill-Based Rehabilitation Robot MoonWalker.
Chen said the products mainly serve disable and elderly patients, who suffer from limb function disorder due to stroke or spinal cord injury. The company has entered into cooperation with many hospitals, universities and research institutes, reported 36kr.com.
Despite investment slowdown in the sector, Chen also said the products can be an effective solution to the lack of professional rehabilitation therapists in China, which had over 20 million stoke cases according to a report.