Prosthetics manufacturer Motorika announced the opening of an office in New Delhi, the capital of India. This step will allow the company to develop work with customers and partners in the local market, Motorika’s press service informed RB.RU.
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“The opening of our office in India is a consistent step in Motorika’s development in the region, which will strengthen our market presence and our commitment to providing amputees with affordable, high-quality prostheses,” said Andrey Davidyuk. , executive director. from the manufacturer.
He noted that the company’s Indian office will become a center for sales of products in South Asia and an interaction point for research in the field of neuroprosthetics with local universities, including Kanpur University and the center of the Higher School of Economics of the University. from Delhi.
Currently, Motorika cooperates with more than 25 clinics in key states of India including Delhi, Maharashtra, Karnataka, Uttar Pradesh and Tamil Nadu. The company’s New Delhi office currently employs 10 people.
In December 2024, the press service of the Moscow Venture Fund informed RB.RU that it had invested 100 million rubles in the prosthetics manufacturer. The money was provided in the form of a loan for a period of two years and will be used to prepare the company for an initial public offering in 2026.
In the same month, Motorika bought 50.1% of the manufacturer of strollers for people with disabilities LLC Special Equipment Plant. Infoline-Analytics CEO Mikhail Burmistrov estimated the transaction amount at 300-350 million rubles.
According to Rusprofile, in 2023 Motorika LLC’s revenue amounted to 1.9 billion rubles, three times more than in 2022. The company closed the previous year with a net profit of 636 million rubles.
Author:
Mikhail Zelenin
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.
