Seoul, South Korea – Everobot, a leading AI service robot company, is experiencing a surge in sales expectations following the overwhelming success of its new bedding robot vacuum cleaner, the X1. Launched in the fourth quarter of last year, the X1 has completely sold out its initial inventory, marking a new category in the robot vacuum cleaner market.
According to Everobot, the X1 achieved a remarkable feat by selling out its initial stock within two days of its launch through a social media group-buying event. This sales pace is three times faster than the company's previous products, including the EdgeWindow1 window cleaning robot and the ThreeSpin EVO water mopping robot.
The company attributes the high demand to the X1's unique ability to clean various fabric surfaces, such as sofas, mats, carpets, and rugs, in addition to bedding. The robot is equipped with a HEPA filter that captures 95% of particles and a UV LED that eliminates 99.9% of mites and bacteria, certifications verified by the Korea Conformity Laboratories (KCL).
"The X1 is revolutionizing the bedding cleaning market, which has been dominated by handheld devices," said an Everobot spokesperson. "As a leading service robot company in Korea, we will continue to develop innovative products that make consumers' lives easier."
Everobot plans to introduce various service robots in addition to its flagship robot vacuum cleaners this year. The company is actively developing autonomous mobile robots (AMRs) and expects positive results from its personal mobility business through its subsidiaries, Haicoa and Everobot Mobility.
Analysts are also optimistic about Everobot's future. Park Chan-sol, a researcher at SK Securities, projected a target price of 21,000 won for Everobot, applying a price-to-sales ratio (PSR) valuation. "While most companies in the robotics industry are currently operating at a loss, the growth potential of the autonomous driving industry is certain," Park said. "The key investment point is that a multiple re-rating is inevitable once the company's autonomous driving-related performance becomes visible this year."
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