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Chapter 216: Yushu Technology and Robotic Dogs


After a few people were seated in the office.

Chen Yiyang asked Wang Xingxing, "Is your company's current technical solution electrically driven?"

"Yes." Wang Xingxing replied directly, "We believe electric drive is more suitable for commercialization."

After Wang Xingxing finished speaking, he elaborated on some advantages of electric drive.

Not much different from what Chen Yiyang heard from Wen Liangfeng's friend before.

This does not mean that Wang Xingxing's technical level is similar to that of Wen Liangfeng's friend.

In theory, many people can say a few things.

But to apply theory to practice, the difficulty is tenfold, if not more.

Just like one hundred people might be familiar with various fitness videos and knowledgeable about fitness methods.

But to persist in fitness daily, following a planned schedule for ten years, even one out of those hundred doing so would be considered good.

Not to mention the general public's attitude toward fitness, which is often just adding fitness videos to their favorites and considering it as exercising.

"Can I see your company's products on the ground?" Chen Yiyang asked curiously.

"Currently, we have two products; one is a bipedal humanoid robot, the other a quadruped robot dog."

Wang Xingxing stood up and led Chen Yiyang and Yang Chengru to see Yushu Company's products.

The bipedal robot, namely the humanoid robot, was not very impressive.

Although Yushu Technology's technology is already advanced, the robot can perform many flexible actions.

However, these humanoid robots face a major problem: how to generate profits before reaching human levels of flexibility?

If the profitability issue is not solved, these types of robots can only exist in labs or the news.

We can't make these robots dance on stage to earn money.

But Yushu's quadruped robot dog surprised Chen Yiyang greatly.

Agile steps, precise terrain recognition, and extremely strong balance.

Such a good product, yet it lacks money?

"We typically sell one civilian version of such a quadruped robot dog for about ten thousand per unit. Industrial versions vary in price based on application, but they are generally priced above thirty thousand."

Wang Xingxing introduced to Chen Yiyang, "Currently, our company faces the problem of insufficient orders.

Many people believe that our company's robot dogs are strong, but few are willing to spend ten thousand yuan to buy a large toy like this."

Ten thousand per unit, it is indeed expensive.

After examining, Chen Yiyang nodded.

If this robot dog were priced at a few hundred yuan, many would perhaps buy one to let children play at home.

But ten thousand per unit.

With ten thousand yuan, wouldn't it be better to do something else than buying such a large toy?

There aren't that many wealthy people in the country to that extent.

"This type of robot dog should be quite good for battlefield applications, have you considered contacting the military?"

"We have marketed it, but the military has placed very few orders, primarily because there are no practical application scenarios, and they are still testing."

Practical application scenarios.

Let me think.

Chen Yiyang rubbed his chin, suddenly recalling his friends in Russia.

"How about selling these robot dogs to Russia, they are currently at war, there might be a need?"

"You have connections like that?" Yang Chengru looked at Chen Yiyang in surprise.

"We set up a company with Russia where we provide all-terrain vehicle parts, assemble them in Russia, and then sell them to their military under the premise of Russian-domiciled all-terrain vehicles."

Chen Yiyang briefly introduced his business dealings in Russia to Yang Chengru.

"Impressive." Yang Chengru did not expect Chen Yiyang's path to be so wide.

He's involved in arms trade.

Wang Xingxing was also very surprised. Is this the second generation of the entertainment industry?

Which second generation of the entertainment industry can do arms business?

But he quickly realized.

Chen Yiyang has extraordinary connections; if he could attract Chen Yiyang's investment, Yushu Technology might not lack orders in the future.

"What shares can Yushu currently offer, and what is the valuation?" Chen Yiyang asked Wang Xingxing.

He now feels Yushu Company indeed has investment value.

Relying on their quadruped robot dog alone, though it may not make vast profits, it won't starve either.

"Currently, the company valuation is ten billion." Wang Xingxing said, "We can offer twenty-five percent of shares for this round of financing. Among the company's current shareholders, I hold twenty-five percent of shares, with two other senior executives each holding ten percent.

Previously, we received angel investment; Lin'an Innovation Capital invested fifteen percent, while other individual investors collectively account for five percent. In addition, we have an employee stock ownership plan of ten percent."

Ten billion valuation, it is quite small; it seems underestimated.

However, the company's future capital requirements are presumably significant, and investing isn't aimed at immediate profits.

Thus, a low valuation makes sense.

Apart from the three founders holding shares, Chen Yiyang was surprised to find that the largest angel investor is Lin'an Innovation Capital.

This is a state-owned enterprise based in Lin'an City.

Chen Yiyang glanced back at Yang Chengru.

No wonder Wang Xingxing sought help from Yang Chengru in finding new investors.

Wang Xingxing indeed wasn't pulling strings, since he already had connections within.

"I'll invest three hundred million and obtain twenty-five percent of the shares. All these shares must have corresponding voting rights, and if the company requires new rounds of investment in the future, I must have first follow-up investment rights in each round."

"This." Wang Xingxing hesitated.

Chen Yiyang taking twenty-five percent of the shares and voting rights puts him on par with Wang Xingxing as a founder in terms of voice in the company.

Although Wang Xingxing can ensure the three-person entrepreneurial team remains united.

Meaning he can effectively control forty-five percent of voting rights.

However, if Chen Yiyang continues to increase investment later on, he might team up with Lin'an Innovation Capital to influence his voice within the company.

"If you can accept my investment, I can visit Russia soon to help Yushu Technology find orders." Chen Yiyang offered his bargaining chip.

For high-tech companies like this, funding is secondary; the critical aspect is whether the investor's connections and resources can aid in the company's future development.

If Chen Yiyang can genuinely help Yushu secure orders in the future, then his twenty-five percent share is well deserved.

"If that's the case, Yushu Technology welcomes your investment." Wang Xingxing gritted his teeth and accepted Chen Yiyang's investment conditions.

Of course, for both parties to genuinely finalize the contract, it still depends on Chen Yiyang's trip to Russia.

Even if Chen Yiyang doesn't help Yushu Technology secure orders in Russia, Yushu Technology would still welcome his investment.

However, at that time, Yushu Technology might bring in other investors to prevent Chen Yiyang from having too much influence over the company.

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