HWH International Inc. announced on December 20, 2024, a comprehensive strategy for its robotics division, including strategic partnerships and plans for global expansion. This initiative is being driven through HWH’s wholly owned subsidiary, Hapi iRobot Pte. Ltd. (HIPL).
HIPL has signed a strategic partnership agreement with Guangzhou Inbot Technology Ltd, a renowned service robot research and development company. This partnership grants HIPL distribution rights for Inbot’s Padbot product line across Singapore, Malaysia, Hong Kong, Thailand, South Korea, Japan, the United States, and Canada.
Further solidifying its robotics presence, HWH announced plans on December 12, 2024, to expand its robotics division into the U.S. by establishing a Dallas, Texas-based showroom and commencing marketing efforts in the first quarter of 2025. This U.S. expansion is in conjunction with a strategic partnership with Sharing Services Global Corporation (SHRG).
HWH and SHRG are collaborating on robotics, with SHRG commencing its launch in the first quarter of 2025 to distribute robots throughout the U.S. SHRG's membership in the Association for Advancing Automation (A3) provides access to industry experts and market intelligence, noting North American robot sales were up 8.8% in Q3 2024.
The company will utilize a Robot-as-a-Service (RaaS) model, offering subscription-based robotics solutions for industries such as hospitality, food and beverage, retail, and healthcare. This model enables businesses to access state-of-the-art robots without heavy upfront investment.
For investors, this aggressive entry into the robotics market, projected to grow from USD $8.19 billion in 2023 to USD $63.24 billion by 2032, represents a significant new growth avenue. The strategic partnerships and RaaS model position HWH to capitalize on the increasing demand for automation and service efficiency.
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