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Lumos, a Chinese robotics company, is gearing up for a market listing next year as its founder, Yu Chao, revealed plans to secure additional funding to support industrial deployments, hardware development, and AI models, emphasizing the importance of factory cost savings in the competitive Chinese robot market. The company, which has already raised around 1 billion yuan ($147 million) through seven funding rounds, aims to focus on its MOS 2 robot designed for factory tasks such as quality inspection and material handling, moving away from flashy humanoid demonstrations. One of Lumos’ key partners is the Japanese industrial group Mitsubishi Electric,…
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