Polaris3D Commences Full-Scale Global Rollout of ‘Ere-ON’
At the RoboWorld Exhibition, Polaris 3D Officially Announced Plans to Supply Its Robots to Seven International Manufacturing Facilities.
"Polaris3D is enhancing brand recognition and driving revenue growth through its serving and delivery robots. The company aims to prove its technological value by supplying logistics robots to leading global enterprises and ultimately grow into a unicorn that provides Mobility as a Service(MaaS) solutions."
Polaris3D CEO Inbeom Kwak (pictured) made the announcement during the ‘2024 RoboWorld’ IR Innovation Day, held at KINTEX in Goyang, Gyeonggi Province. Founded in 2018, Polaris3D is a robotics company that develops and supplies ‘Ere-ON’—a line of serving, delivery, manufacturing, and logistics robots—based on its proprietary AI-driven robot control platform.
<Inbeom Kwak, CEO of Polaris3D, was awarded the Grand Prize at the RoboWorld IR Innovation Day.>
The company was awarded the Grand Prize (Chairman’s Award from the Korea Association of Robot Industry) at the IR Innovation Day, receiving a prize of 5 million KRW. Participating in the event were a number of robotics startups, including DaimResearch, TimRobotics, HexarHumanCare, CTNS, EulerRobotics, SeoulDynamics, Brils, and EasternGear.
Polaris 3D recently announced that it has begun supplying logistics robots to seven overseas subsidiaries. The countries receiving exports include Brazil, Vietnam, Hungary, Indonesia, Slovakia, and Turkey. Since supplying ‘Ere-ON’ to Samsung Electronics' manufacturing line at its Gumi plant in November last year, the company has consistently continued additional deliveries to production sites.Polaris3D’s ‘Ere-ON’ is the only logistics robot that has passed Samsung Electronics' environmental and safety standards in Korea.
The company also became the first to publicly demonstrate the logistics robot supplied to Samsung Electronics. According to the company, it has developed an industrial logistics robot that integrates real-time monitoring and task allocation to establish a compact logistics automation system. The robot’s driving and task status can be managed through a dedicated control system (PACS).
The company has prioritized safety in the development of its logistics robots. To mitigate the risk of battery fires, it has applied lithium iron phosphate (LFP) batteries to its products. Additionally, to address the issue of excessive vibrations, which have been considered a limitation in existing serving robots, the company has introduced an AI vibration control suspension system that learns and adapts to the floor surface. Polaris3D is also focusing on technological development to mass-produce high-quality service robots. Furthermore, by attaching obstacle-detecting LiDAR sensors to the industrial bumpers, the company has further enhanced safety.
"Polaris3D is the first company in Korea to have successfully mass-produced both service and industrial robots," said CEO Inbeom Kwak. "The company continues to research and develop cutting-edge technologies, including AI, multi-robot systems, and autonomous driving. Thanks to these in-house innovations, we have significantly reduced robot production costs."
Polaris3D’s newly developed delivery robot also drew significant attention at RoboWorld. Unlike conventional in-store models, the robot is capable of navigating between floors via elevators — a standout feature. By installing a dedicated module inside the elevator, the robot communicates directly with the system to access different floors, eliminating the need for physical button interaction. The company is currently conducting proof-of-concept (PoC) trials in hotel environments, including room service applications.
Polaris3D is targeting KRW 6 billion in revenue next year, doubling its projected sales of KRW 3 billion for this year. This marks a 200% increase from last year’s revenue of KRW 1 billion. While service robots currently account for half of the company’s sales, Polaris3D plans to expand its manufacturing and logistics robot segment as it positions itself for a major leap in sales.
The company secured KRW 15 billion in Series B funding this year, bringing its total cumulative investment to over KRW 21 billion. The round was led by Hyundai Venture Investment and Korea Asset Investment Securities, with participation from Smilegate Investment, Korea Credit Guarantee Fund, Evergreen Investment Partners, JX Partners, Kingo Investment Partners, Hi Investment Partners, and JB Investment.
Source: TheBell / Reporter Jung-hwa Yoo
https://www.thebell.co.kr/free/content/ArticleView.asp?key=202410251615498440108433
Polaris3D Commences Full-Scale Global Rollout of ‘Ere-ON’
At the RoboWorld Exhibition, Polaris 3D Officially Announced Plans to Supply Its Robots to Seven International Manufacturing Facilities.
"Polaris3D is enhancing brand recognition and driving revenue growth through its serving and delivery robots. The company aims to prove its technological value by supplying logistics robots to leading global enterprises and ultimately grow into a unicorn that provides Mobility as a Service(MaaS) solutions."
Polaris3D CEO Inbeom Kwak (pictured) made the announcement during the ‘2024 RoboWorld’ IR Innovation Day, held at KINTEX in Goyang, Gyeonggi Province. Founded in 2018, Polaris3D is a robotics company that develops and supplies ‘Ere-ON’—a line of serving, delivery, manufacturing, and logistics robots—based on its proprietary AI-driven robot control platform.
<Inbeom Kwak, CEO of Polaris3D, was awarded the Grand Prize at the RoboWorld IR Innovation Day.>
The company was awarded the Grand Prize (Chairman’s Award from the Korea Association of Robot Industry) at the IR Innovation Day, receiving a prize of 5 million KRW. Participating in the event were a number of robotics startups, including DaimResearch, TimRobotics, HexarHumanCare, CTNS, EulerRobotics, SeoulDynamics, Brils, and EasternGear.
Polaris 3D recently announced that it has begun supplying logistics robots to seven overseas subsidiaries. The countries receiving exports include Brazil, Vietnam, Hungary, Indonesia, Slovakia, and Turkey. Since supplying ‘Ere-ON’ to Samsung Electronics' manufacturing line at its Gumi plant in November last year, the company has consistently continued additional deliveries to production sites.Polaris3D’s ‘Ere-ON’ is the only logistics robot that has passed Samsung Electronics' environmental and safety standards in Korea.
The company also became the first to publicly demonstrate the logistics robot supplied to Samsung Electronics. According to the company, it has developed an industrial logistics robot that integrates real-time monitoring and task allocation to establish a compact logistics automation system. The robot’s driving and task status can be managed through a dedicated control system (PACS).
The company has prioritized safety in the development of its logistics robots. To mitigate the risk of battery fires, it has applied lithium iron phosphate (LFP) batteries to its products. Additionally, to address the issue of excessive vibrations, which have been considered a limitation in existing serving robots, the company has introduced an AI vibration control suspension system that learns and adapts to the floor surface. Polaris3D is also focusing on technological development to mass-produce high-quality service robots. Furthermore, by attaching obstacle-detecting LiDAR sensors to the industrial bumpers, the company has further enhanced safety.
"Polaris3D is the first company in Korea to have successfully mass-produced both service and industrial robots," said CEO Inbeom Kwak. "The company continues to research and develop cutting-edge technologies, including AI, multi-robot systems, and autonomous driving. Thanks to these in-house innovations, we have significantly reduced robot production costs."
Polaris3D’s newly developed delivery robot also drew significant attention at RoboWorld. Unlike conventional in-store models, the robot is capable of navigating between floors via elevators — a standout feature. By installing a dedicated module inside the elevator, the robot communicates directly with the system to access different floors, eliminating the need for physical button interaction. The company is currently conducting proof-of-concept (PoC) trials in hotel environments, including room service applications.
Polaris3D is targeting KRW 6 billion in revenue next year, doubling its projected sales of KRW 3 billion for this year. This marks a 200% increase from last year’s revenue of KRW 1 billion. While service robots currently account for half of the company’s sales, Polaris3D plans to expand its manufacturing and logistics robot segment as it positions itself for a major leap in sales.
The company secured KRW 15 billion in Series B funding this year, bringing its total cumulative investment to over KRW 21 billion. The round was led by Hyundai Venture Investment and Korea Asset Investment Securities, with participation from Smilegate Investment, Korea Credit Guarantee Fund, Evergreen Investment Partners, JX Partners, Kingo Investment Partners, Hi Investment Partners, and JB Investment.
Source: TheBell / Reporter Jung-hwa Yoo
https://www.thebell.co.kr/free/content/ArticleView.asp?key=202410251615498440108433