Human In Motion Robotics closes $10M investment

Photo: CNW Group/Human in Motion Robotics Inc.

VANCOUVER — Human In Motion Robotics Inc (HMR), a robotics company specializing in human-centric wearable robotic technologies, announced the closing of its Series A round of over $10 million with a $8 million investment and partnership coming from Beno Holdings, a Korean firm focused on technology investments.

“We are thrilled to announce this significant investment and strategic partnership with Beno Holdings. The investment marks a major milestone for HMR, providing substantial resources to accelerate research and development efforts, expand production capabilities, and drive market penetration,” said Dr. Siamak Arzanpour, Co-founder and CEO at HMR. “This strategic partnership brings together the expertise, networks, and resources of both companies, fostering synergies that will further enhance the advancement and commercialization of cutting-edge robotics solutions.”

Human In Motion Robotics technologies are designed to enhance human mobility, increase productivity, improve safety, and enable new possibilities across various industries, including manufacturing, logistics, and healthcare.

Beno Holdings, shares HMR’s vision of utilizing robotics to shape the future of industries worldwide. The partnership with Beno Holdings will provide HMR with support and guidance in strategic planning, market expansion, and access to a vast network of industry experts.

“We are incredibly grateful for the recognition and support from Beno Holdings,” said Dr Edward Park, co-founder and COO, HMR. “Their investment and strategic partnership will enable us to accelerate our commercialization efforts and further solidify our position as a leader in the field of robotics. We are excited about the opportunities that lie ahead and the positive impact we can create together. This collaboration represents a major leap forward in our journey to revolutionize exoskeleton technology.”