Richtech Robotics

Richtech Robotics builds collaborative robotics solutions for the service industry, including the restaurant, hospitality, and healthcare sectors. The company currently has seven solutions in its robotics portfolio. Its worker robots include ADAM, an AI-powered bartender, barista, and boba-maker with an extensive drink library and an ability to make small-talk with customers; and ARM, a 6-jointed robotic arm that can function as a barista, fry cook, or sous chef. Richtech’s delivery robots include Matradee L, a food server that can plan routes, avoid obstacles, and deliver 12 meals in a single trip; and Medbot, a robot that navigates through healthcare facilities for 24/7 medication delivery. Richtech also offers floor-cleaning robots tailored for service industries with tight spaces.

Each of Richtech’s robots is equipped with a multitude of sensors (LiDAR, depth cameras, edge sensors, etc.) and is connected to a cloud platform that provides data reports and metrics on production and efficiency. Richtech is pursuing a number of business models, including partnering with established businesses willing to use its robots, utilizing a franchise model, and selling its robots directly to customers. In the latter model—a hybrid hardware-as-a-service (HaaS) model—customers typically continue to pay a subscription fee for in-depth analytics and live tracking after they’ve purchased Richtech’s robots.