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Robotics Industry News

The Chinese Market See the Potential of Blue Ocean Robotics

Robotic Industries Association

Earlier this summer Blue Ocean Robotics could announce that, the company had closed its first investment stage with “the World’s Best Investor”. With the finalization of the second investment stage the 29 of August, Blue Ocean Robotics today announces that the investment group has been expanded with a small group of prominent business people and partners close to the company – including from China.

ODENSE, DENMARK - Blue Ocean Robotics can welcome a network of Chinese investors after the company - the 29 of August 2016 - finalized the second investment stage with a private placement among a small group of investors and partners as well as employees close to the company. The Chinese group of investors have with the remaining group invested DKK 50.72 million to consolidate global growth plans, strengthen the development of their obot-portfolio and hatch multiple successful spin-out companies in the time to come.

The network of Chinese investors, that among other things own the car manufacturer Geely and The London Taxi Company, is represented by Dong Zhu from Qinhorse Denmark, whom represents a number of Chinese business interests in Denmark. “Made in China” is a notation that the general consumer knows well, but the notion “Made for China” is more appropriate for this relationship. Chinese investments often have the domestic market in focus, which also is the case here – with great interest in Blue Ocean Robotics’ education and healthcare solutions.

”We are overwhelmed. Through this investment, we will be closely linked to Blue Ocean Robotics. The three founders’ broad experience and the unique business model creates unlimited potential and possibilities for the future. Now that the market for robotics in China is growing so rapidly, it makes us happy that we through this partnership with Blue Ocean Robotics can provide the Chinese people access to Blue Ocean Robotics innovative robotic solutions,” said Dong Zhu.

The Chinese interest is supported by the fact that there has never been a greater interest in China for foreign investments in robotics. In the latest analysis from the Financial Times, it is put forward that more than a third of robots for production, sold worldwide, are being made by foreign companies or Joint Ventures in China. In general, the development of the Chinese market, with increased wealth and a growing middle class, is another factor that is decisive for the markets demand for robotic solutions that extend beyond production. “As founders we are very happy for the great interest in Blue Ocean Robotics from international partners. The interest from our Chinese partners is reciprocated, as it will enable opportunities for us in the Chinese, European and American market in our search for Sales Partners and Joint Venture franchises”, says Claus Risager, Rune K. Larsen and John Erland Østergaard, founders and Co-CEOs of Blue Ocean Robotics. The founders are available for dialogue about the company’s sales- and joint venture partnerships at this year’s RoboBusiness US conference in Silicon Valley September 28th and 29th.

The newly created board consists besides the three founders, of Jørn Tolstrup Rohde, who will become the new Chairman, Jacob Bro Eriksen from Fundamental Fondmælgerselskab A/S, and Henrik I. Christensen, Chairman of President Obama’s control committee of robotics.

About Blue Ocean Robotics
Blue Ocean Robotics create and commercialize robots. The company uses robot technology to create innovative solutions for end-users and new business opportunities through partnerships.

Blue Ocean Robotics was established in 2013 by the current Co-CEOs and Partners, Claus Risager, Rune K. Larsen and John Erland Østergaard, and has since then has only led the company in one direction – towards the world’s elite in robotics. This was made clear recently, when Blue Ocean Robotics was recognized to be one of the 20 most promising robotic solutions in the world, by American CIO Review. This is the development, Blue Ocean Robotics want to continue with, with the capital from the new investors.

Despite only being on the market for 3 years, Blue Ocean Robotics has over 110 employees worldwide, distributed in 11 countries and counts more than 29 sales partners worldwide including Denmark, Finland, Mexico, USA, Qatar, UAE and Singapore. The turnover is approx. DKK 60 million per year with an expectation of a significant increase in the coming years.

Company Contact
Claus Risager, Co-CEO and Partner
Tel: +45 2510 5431

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