Chinese wearable robotics firm ULS Robotics has raised about $10 million in its Series B funding round. The round was led by Befor Capital, with participation from returning investor Guoyi Capital.

Founded in 2018, ULS Robotics focuses on consumer-grade exoskeletons that assist with human movement. The company plans to use the funds to scale production and improve the integration of artificial intelligence with its hardware systems.

ULS Robotics intends to release new products, including lower-body exoskeletons for activities such as hiking and mobility for the elderly. This shift from industrial to consumer applications reflects a broader trend in the exoskeleton market.

Recent developments, such as the use of exoskeletons in high-profile events and tourism, have boosted public interest in wearable robotics. The company’s upcoming exoskeletons, priced from 6,900 yuan (approximately $950), are designed for tasks like walking, lifting, and reaching.

These devices will feature AI-driven capabilities for real-time feedback and personalization. ULS Robotics has indicated plans to potentially open-source its AI models in the future.

Currently, ULS Robotics claims to have deployed its technology in 17 countries, with applications in automotive, logistics, and elder care. The firm is also exploring partnerships with tourist sites and caregiving providers to test its consumer-focused products.

🔗 Source: Sina

🧠 Food for thought

1️⃣ Market-disrupting pricing strategy in a traditionally expensive sector

ULS Robotics’ 6,900 yuan ($950) price point for consumer exoskeletons represents a significant disruption in a market historically limited by high costs.

This pricing directly addresses one of the most consistently cited challenges in industry analyses, with high costs repeatedly identified as a major barrier to wider exoskeleton adoption 1, 2, 3.

For context, the global exoskeleton market is projected to grow from $780 million in 2023 to $5.8 billion by 2030 at a CAGR of 33.4%, indicating significant growth potential if price barriers can be overcome 1.

ULS’s claim of achieving 60% lower BOM (bill of materials) costs than industry averages could represent a meaningful competitive advantage, allowing them to target recreational users—a demographic previously priced out of the market.

This pricing strategy may help accelerate the industry’s projected growth trajectory, particularly as the company expands from its current 17-country footprint into new markets with a more accessible price point.

2️⃣ Wearable technology convergence accelerating exoskeleton evolution

ULS Robotics’ AI integration strategy reflects a broader convergence happening between exoskeletons and mainstream wearable technology.