Bomen Technology (Beijing) Co., Ltd. has recently passed the listing hearing on the Hong Kong Stock Exchange, with CITIC Securities (Hong Kong) as the exclusive sponsor. The company's core business focuses on direct drive modules in robotic joints, projecting a shipment of over 8.5 million units by 2025, capturing a 61.1% market share in China's consumer robot direct drive module sector. It is the first and only company globally to exceed 5 million units shipped.
The significance of this IPO lies in Bomen's innovative approach to robotics, which eliminates traditional gearboxes to enhance performance and responsiveness. Founded by Zhang Di, a protégé of Professor Li Zexiang, Bomen has demonstrated the engineering feasibility of direct drive solutions, resulting in modules that are half the size of conventional designs, with doubled lifespan and reduced noise. This advancement is crucial for the consumer robotics market, where space and efficiency are paramount.
Looking ahead, Bomen Technology aims to continue its rapid growth trajectory, having completed 12 funding rounds since 2020, raising nearly 650 million yuan with a post-investment valuation of approximately 3.2 billion yuan. If successful, Bomen will become the fourth company in Li Zexiang's network to go public, following three previous IPOs in the robotics sector.
Editor's Note
Bomen Technology's IPO reflects the growing trend of innovative robotics solutions in the consumer market. The shift towards direct drive systems signifies a potential transformation in design and efficiency, which could influence procurement strategies and investment decisions in the robotics sector. As companies seek to enhance performance while reducing costs, Bomen's approach may set new standards in the industry.
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