The robotic company currently has over-subscribed orders, and this round of funding will be used for product delivery and post-development. The company expects sales in 2018 to be about 12 million U.S. dollars. IP is currently pending in the United States, Japan, and China.
The fourth-generation descendant of the German's Siemens family - brought his own healthcare startup and VP of Sales of Asia to our roadshow for series B financing. This is a startup that already has strong financial backing and resources before joining us, but the founder has heard about Shanghai Valley's local connections in securing important local relationships.
The potential collaboration opportunity of our flying car startup is undoubtedly the purpose of the state-own Shanghai Motor (SAIC) investment team participating in the event. The exciting interaction and discussion between the Chinese corporate investor and the startup CEO took the event to another new height.
The final presenting company is augmented reality smartglasses. The CEO is a three-time entrepreneur and an angel investor himself. During the presentation, several of our investors have shown interests in applying its technology to different sectors.