Photo - VAROMO UG
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VAROMO UG

CAREcules

Germany
Market: Robotics
Stage of the project: Prototype or product is ready

Date of last change: 24.11.2019
Min investment
$  100.000
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Total required
$ 500.000
Rating
equalizer из 1000
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Idea

Modular (semi)-autonomous low-cost transport robot without installation effort - "the iPhone for payloads" in a RaaS, SaaS, rental/sales and maintenance business model.

Current Status

Two fully functional prototypes available. Test phases of several weeks completed. Talks with potential suppliers and partner companies are underway. Pilot projects for B2B applications (retirement home, rehabilitation clinic, hospital) currently in planning. LOIs from various companies/industries available. Start of small series 2020 with basic module and 2-3 Top Modules.

Market

B2C market in health care (DACH region): approx. 20 million potential users
- temporary/permanently handicapped persons - demarcated: approx. 1 million /year or 1.5 million permanently
(e.g. after operations knee, hip, arms; fractures, cancer, etc. / stroke, MS, Parkinson's disease, geriatrics, etc.)
- A total of approx. 14 million people aged over 70 (goal: to be at home independently for as long as possible)

B2B applications: Senior citizens' homes, assisted living, clinics and rehabilitation centres:
- In total, over 2000 institutional facilities that benefit greatly from CAREcules

Problem or Opportunity

B2C problem: People with chronic diseases (MS, Parkinson, etc.), after a stroke or a fracture, etc. have problems and risks at home when transporting objects (e.g. food, laundry, newspapers, documents, etc.). The same problems occur with the aging 70+ generation. CAREcules enables the user to concentrate fully on safe locomotion. Thus the user has the possibility to be more independent in everyday life again. Relatives and nursing staff are relieved and the risk of falls/consequential injuries is reduced.

Applications in B2B:
Problem - lack of skilled workers in service and care. Application in retirement homes, hospitals and rehabilitation centres to support and relieve nursing and service personnel. For example in the serving the patients in the dining room, as autonomous care-cart during rounds, equipped with training tools or care items and for general transport in order to save distances.

Solution (product or service)

Modular (semi-)autonomous transport robot for a transport weight of approx. 25 kg without installation/equipment costs. Cm-accurate indoor navigation without camera system and exact Follow-Me tracking. Sensor refinement & extended environmental awareness through AI assistance algorithms. Low-vibration overcoming of heels up to 15 mm. Height adjustable up to 100cm. Open APIs for 3rd party software and hardware add-ons. Safe, intelligent and reliable state-of-the-art robotics technology (ROS, LIDAR, etc.) at a price of around €3,000.

Competitors

1. CAREcules
2. Domestics (Vacuum, etc.)
3. Service (Care-o-bot,)
4. Logistics (MiR 100)
5. Gadgets (Gita, Dash)
6. Walking frames (classical, electrical)
7. Teacart
8. crutches add-on
9. Office chair
1. 2. 3. 4. 5. 6. 7. 8. 9.
Vibration-free 4 1 4 1 1 1 1 1 1
Controller 5 3 3 2 2 1 1 3 1
Risk potential 5 2 5 3 2 2 1 3 1
Weight/Height 5 3 1 3 2 2 1 5 3
Price 4 5 1 2 3 3 3 5 5

https://www.mygita.com
https://www.robotemi.com

Advantages or differentiators

Vibration free transport; focus on users privacy; stand alone product; indoor navigation without installation effort;

Money will be spent on

The seed funding is used for development of the hard-/software up to small series maturity and the market entry. Application of funds is personnel, certification/identification, marketing and material for 50 units of the series 0.

Offer for investor

2.5 Mio Post-Money valuation

Team or Management

Incubation/Acceleration programs accomplishment

- SpinLab Accelerator Leipzig from 01.18 - 06.18
- "Breakthrough 2017" Accelerator by InnoWerft Q3/4 2017
-> 2nd place @ DemoDay

Won the competition and other awards

- Top 9 AARP "Innovators in Aging Award" 2019 (US; > 1200 applicants; only DE startup);
- 3rd place overall at Life's a Pitch 2019 (Samsung)
- 3rd place at “Wittener Preis für Gesundheitsvisionäre“ 2017

Photos

Photo 1 - VAROMO UG
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