[Special Stock] Rainbow Robotics Targets Logistics Robot Market... Infinite Expansion in Robot Domain

Rainbow Robotics is showing strong performance. The news of expanding its business into the global logistics robot market worth 12.5 trillion KRW appears to be influencing its stock price.

At 11:16 AM on the 21st, Rainbow Robotics was trading at 421,500 KRW, up 6.57% from the previous day. Its market capitalization has exceeded 8.1 trillion KRW.

Rainbow Robotics, a robot platform specialist, announced that it has signed a Memorandum of Understanding (MOU) for business expansion in the global logistics robot market with Techtaka, which operates the global integrated logistics platform ‘Argo’.

Rainbow Robotics previously delivered five units of its small logistics robot ‘RBM-S100’ to Techtaka for pre-verification (PoC), and plans to supply an additional 30 units within this month to expand its presence in the logistics robot market.

Rainbow Robotics develops and supplies mobile robots tailored to logistics sites. It provides robot solutions that reduce workers’ burdens and improve efficiency.

Techtaka operates a top-tier task distribution system in Korea, specialized in the shipment of various e-commerce products, based on mapping all static resources of domestic and international logistics centers and its self-developed machine learning engine.

According to market research firm Global Market Insights (GMI), the logistics robot market size was 8.6 billion USD (12.48 trillion KRW) in 2023 and is expected to grow to 30 billion USD (43.53 trillion KRW) by 2032, recording a compound annual growth rate (CAGR) of about 15%. Based on this outlook, it is anticipated that the demand for robot technology will surge to enhance the efficiency and accuracy of logistics operations and services as e-commerce becomes more active.