Bigwave Robotics Eyes Growth Into a “Global Industrial Physical AI Platform,” to List on Kosdaq on the 29th
TECHWORLD ·
✦ AI Summary
Bigwave Robotics disclosed its business status and growth strategy at an IPO press conference on the 11th.
The company is developing robot automation and industrial physical AI businesses centered on Marosol, Solink, and OmniSensor.
Ahead of its Kosdaq listing on the 29th, it plans to expand its humanoid business and target the North American market.
Bigwave Robotics held an IPO press conference on the 11th to disclose its business status and future growth strategy. The company said it supports customers throughout the entire robot automation lifecycle, from evaluating robot adoption to implementation, operation, and after-sales management, based on its robot automation platform, Marosol. It said it is developing its business in a way that organically connects the entire robot automation cycle and realizes industrial physical AI.
The company said that although interest in physical AI is surging, there are still hurdles to adoption in industrial settings, and it is targeting the various gaps involved in introducing physical AI. It has also accumulated experience in building more than 640 customer sites and has built up on-site implementation data. Based on this data, the company said it continues to expand its business areas.
Bigwave Robotics is preparing to list on the Kosdaq on the 29th, and plans to use the milestone to push forward as a company that becomes a “global industrial physical AI platform.” It highlighted the expansion of its humanoid business and its push into the North American market as key growth engines. Through this, it aims to accelerate global business expansion.
The company is advancing its existing business around its robot automation platform Marosol, its robot-equipment integrated operations platform Solink, and OmniSensor, its proprietary sensor for datafying on-site work. It has placed Marosol, Solink, and OmniSensor at the center of its business development, and is preparing to launch a new solution for integrated humanoid data provision in the second half of this year.
On the earnings side, the company recorded a CAGR of 147.8% in sales just 5 years after its founding, and last year's revenue surpassed KRW 20.7 billion. Operating profit also turned positive last year. The company said the sharp growth in Solink sales, along with Solink's share rising from 10.2% in 2024 to 37.1% in 2025, proves that growth in Solink has driven a shift in its profitability structure.
The company is also pursuing businesses with an eye on future growth drivers. Revenue from its new humanoid business accounted for 21.2%, and the company said the humanoid segment is shifting into a main revenue pillar. Humanoid proof-of-concept projects are currently under way at major domestic companies in the automotive, heavy industry, and cosmetics sectors, and the company expects related revenue to exceed KRW 5 billion this year. In addition, the company has begun full-scale commercialization of its “physical AI total solution,” which consists of physical AI robots, dedicated servers, operating solutions, and infrastructure.
Bigwave Robotics is not staying only in the domestic market, but is also moving in parallel to target North America and is continuing rapid growth there. To that end, it established a Delaware subsidiary in the U.S. in November last year and began its full entry into the U.S. robotics market this year by expanding its business around Detroit. It has secured 2 projects and is in discussions over 3 additional contracts, and this year it also signed a KRW 7 billion North American business pipeline contract. The size of the U.S. robotics market is KRW 14.41 trillion.
Regarding this expansion strategy, Kim Min-gyo, CEO of Bigwave Robotics, said the biggest differentiator in the future physical AI market will be the ability to introduce and operate humanoids in real-world settings. Kim said Bigwave Robotics has the capability to carry out the entire process in an integrated manner, from implementing humanoid processes and design to applying AI and software and connecting to actual sites.
The company said it has set industrial humanoids and the North American market as its two main growth pillars. It also said it aims to expand globally the RaaS business model proven in Korea and to leap forward as a standard company for industrial physical AI.
In line with these plans, the company is set to list on the Kosdaq market on the 29th after completing its institutional demand forecast and general subscription. It plans to use the proceeds from the offering for humanoid solution development, technology enhancement, and expansion into global markets.
Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406843
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Source: TECHWORLD
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