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Home-grown robotics startup OTSAW eyes Nasdaq listing

OTSAW CEO Ling Ting Ming in the company’s new global headquarters at JTC Space @ Tampines Hub.

HOME-GROWN robot maker Otsaw Digital is in the middle of preparing for a Nasdaq entrance, with an eye on a listing on the US technology board within the first quarter of next year. This was revealed by OTSAW chief executive officer (CEO) Ling Ting Ming at the opening of its S$2 million global headquarters in JTC Space @ Tampines North.

Ling sets target to raise US$50 million to US$80 million to accelerate its current growth stage.

Its new headquarters spans 20,000 square feet across a 2-storey ground-level unit, housing its office, operations teams, research and development teams and final assembly factory.

With the new facility, Otsaw expects to increase production from 20 robots a month to about 100 robots a month as well as expand its staff to over 100 employees from the current estimate of 60 in the Singapore headquarters alone. 

Alongside its latest outfit, Otsaw’s offices in Munich and Boston operate across the 3 continents of Asia, Europe and North America. The robotics technologies firm now has over 600 robots in more than 20 countries and aims to expand into more markets in the European Union and the US with the assistance of Enterprise Singapore.

Otsaw has developed robots to automate labour-intensive processes in sectors such as security, delivery, cleaning and healthcare. Its autonomous disinfection robot O-RX has been disinfecting Wisma Atria since 2020, while its automated guided vehicle Transcar has also been deployed in 41 hospitals globally. 

Read the full article on The Business Times.

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