LionsBot eyes EBITDA profit, potential listing by 2027

Buoyed by a labor shortage and rising orders for its cleaning robots, Singapore-based LionsBot is targeting EBITDA profitability in the second half of 2027.

The firm expects to generate S$50 million (US$38.9 million) in revenue this year, up from US$28.6 million in 2025, co-founder and CEO Dylan Ng tells Tech in Asia. As volumes increase, it expects stronger gross margins through more preferential pricing for components and more efficient freight operations.

In 2025, LionsBot recorded US$16.5 million in losses before tax, 35% higher than the year before, according to figures confirmed by the company.

LionsBot attributes its widening losses to investments made to scale up its manufacturing capabilities. It also established a distribution and service network covering more than 30 countries.

LionsBot R5 / Photo credit: LionsBot

Founded in 2018, LionsBot manufactures a range of autonomous cleaning robots that are used in airports, hospitals, and shopping centers. As of last year, it deployed more than 3,500 robots in over 30 countries.

The firm has 220 employees, mostly based in Singapore, with other operations in Amsterdam, Dallas, Shenzhen, and Chennai.

LionsBot’s flagship product is R5, a floor-cleaning robot that uses 3D light detection technology to map the designated cleaning area on the go and navigate complex layouts by turning on the spot.

While the company produces robots in-house, it also started outsourcing the job to contract manufacturers in Q2 this year. This has improved both production capacity and margins, Ng says.

Overseas demand

LionsBot has sold more than 1,000 R5 units since its launch in April, with around 400 already operating at customer sites, according to Ng. Customers can choose to purchase the robots or lease them.

It’s currently producing 300 to 350 R5 units per month.

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Roughly two-thirds of LionsBot’s sales come from Europe, though the US is its fastest-growing market, Ng says. Developed Asian markets, which include Japan, South Korea, Singapore, and Australia, contribute around a quarter of its sales.

Rising demand is directly correlated to a shortage of cleaning workers, Ng says. In Singapore, he estimates that the average age of cleaners rose from 63 in 2018 to 70 in 2026, as fewer younger workers entered the industry.

Scaling beyond the R5