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RDIF and DFW invested in the leading Russian developer of high-tech prostheses “Motorica”

19.01.2021

The Russian direct investment Fund (RDIF, sovereign Fund of the Russian Federation) and the far East high technology Fund (DFWT, established with the participation of capital RVC) they invested RUB 300 million in the portfolio company of RDIF Motorika — a leading Russian developer and manufacturer of high-tech hand prostheses and rehabilitation systems using artificial intelligence (AI), virtual reality (VR) and the Internet of things (IoT).

DFW invested 200 million rubles, another 100 million rubles was invested by RDIF as part of the second tranche of investments in “Motorika". RDIF invests in the Company within the framework of the “Investment Elevator" mechanism to promote the accelerated development of medium-sized non-resource companies with export potential. The first tranche in the amount of 100 million roubles was implemented by the RDIF in 2019. Thus, the total investment of DFW and RDIF in “Motorika" amounted to 400 million rubles.

The investments in “Motorika” are in line with THE RDIF's strategy of supporting Russian high-tech companies in the field of AI and turning them into global leaders, as well as the DFW's strategy of implementing socially transformative projects (impact investments) in the Fund's key areas of robotics and artificial intelligence in the far East. Thanks to the investments of RDIF and DFW, “Motorika” will continue to develop both in Russia, in particular in the far East, and in international markets.

The raised funds will be used by the company for further development and improvement of prosthetic upper limbs, development of a platform for telereabilitation  Attilan and developments in the field of invasive technologies, production scaling, service network development in Russia and in target international markets. In the far East, the company plans to open an R&D office and a research center in cooperation with the Medical center of the far Eastern Federal University (FEFU).

Motorika’s export focus will be aimed at expanding its presence in India, one of the world's largest target markets for The company's products, as well as the Asia-Pacific, Middle East and European Union countries. The company will continue to invest in certification of products for foreign sales.

In may 2020, Motorika received a CE mark certificate for sales in Europe, the Middle East and a number of Asia-Pacific countries.

Anatoly Braverman, first Deputy General Director Of the Russian direct investment Fund
RDIF's investments are aimed at turning a promising Russian company into a global leader in prosthetics with the use of advanced technologies based on artificial intelligence. Motorika will continue its successful development with access to the largest markets, promoting the Russian product abroad and helping thousands of people around the world.
Ruslan Sarkisov, Director General of the far East high technology Fund
We expect that with the help of our investments, the company will be able to make significant progress in the development of modern solutions in the field of prosthetics and rehabilitation using artificial intelligence and virtual reality technologies. The company is working to ensure the sensitivity of the bionic limbs of the hands and we hope that in the foreseeable future a product will be introduced to the market that helps the owner to obtain information about the properties of the object he touches.
Andrey Davidyuk, Chairman of the Board of Directors of Motorika
The company steadily increases its market share in Russia and actively develops its client base abroad. The attracted investments will increase the competitiveness of the existing active and bionic prostheses on the world market, multiply the business and continue research in the field of promising, breakthrough technologies to ensure expansion abroad.


Information

The Russian direct investment Fund (RDIF) was founded in 2011 to invest in the share capital of companies mainly in Russia together with leading foreign financial and strategic investors. The Fund acts as a catalyst for direct investment in the Russian economy. At the moment, the RDIF has a successful experience of joint implementation with foreign partners of more than 80 projects with a total volume of more than 2 trillion rubles, covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800 thousand employees, their annual revenue is 6% of Russia's GDP. RDIF has established joint strategic partnerships with leading international co-investors from 18 countries for a total of more than $ 40 billion. For more information, please visit: rdif.ru

The far East high technology Fund (DFWT) was established in 2018 on behalf of the President of the Russian Federation Vladimir Putin and Deputy Prime Minister — Plenipotentiary representative of the President in the far Eastern Federal district Yuri Trutnev in order to develop high-tech business in the far East. The Fund's volume is 5 billion roubles, the investors are the Far East and Arctic development Fund, RUSNANO and RVC .

The Fund invests in promising high-tech projects and localization projects in the far East. The investment portfolio includes the far Eastern companies — Visitek LLC and Hotlid LLC, the manufacturer of portable mini-projectors “Multicubic” (Cinemood), the manufacturer of supercapacitor and hybrid drives for transport and energy — Titan Power Solutions, the company-operator of technologies for the “smart city”, the manufacturer of service and humanoid robots “Promobot”. For more information, please visit: vostokventures.ru

Motorika is a high-tech company that has been working at the intersection of medicine and robotics since 2015. The Motorika team develops and produces robotic functional prosthetic hands with an individual design. The company has more than 2000 clients in 12 countries. The company's vision is based on the idea that modern prosthetic hands turn the features of people with disabilities into their benefits. The company's research and development is focused on the application of VR, IoT, AI technologies in prosthetics, as well as invasive technologies. For more information, please visit: motorica.org

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