The Russian developer and manufacturer of functional prostheses “Motorika” reported having attracted investments worth 900 million rubles. As the press service clarified, the investor and the terms of the transaction have not yet been disclosed, but they may be named later.
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From the company’s press release it appears that the funds raised will be used to develop a digital ecosystem for users of Motorika products and its partners. The funding will also be used to develop services.
Motorika was founded in 2014 by Ilya Chekh and Vasily Khlebnikov. Czech stepped down as CEO of the company in 2022 and Andrey Davidyuk took his place. Motorika develops and produces mobility assistance devices and neuroproducts (interfaces and implants).
In 2019 and 2020, the company received 400 million rubles of investment from RDIF and DFVT. Initially, Motorika specialized in prosthetic hands for children.
Last summer, the developer announced the opening of a line of prostheses for lower limbs. The company will launch the first prostheses of this type at the end of 2024. The manufacturer will also start selling neurostimulants.
In May it became known that Motorika would locate production in Moscow’s Technopolis special technological zone. The location will allow production capacity to quadruple by the end of this year. An initial public offering is planned for 2026.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
