INNOVATION AT YOUR FINGERTIPS
Updated: 03/2019
Zhen Robotics
China / Beijing , China
Pitch
China’s first developer of self-driving robots, Zhen Robotics aims to revolutionize last-mile delivery.
Why
Rising cost of labor
Human labor costs five times more the last mile than during the previous 1,000 miles.
Problematic last-mile delivery
Because of issues like theft, using human workers for last-mile delivery can diminish customer satisfaction.
Deliveries not delivered
Many compounds don’t admit delivery personnel so residents have to retrieve packages at relay points.
Market
RMB 338 billion
Size of smart logistics market in mainland China in 2017, up 21.1% over 2016. It is expected to hit RMB 585 billion by 2020.
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