Reportedly, the robotics company has filed for an initial public offering (IPO) to raise approximately $37 million. Micropolis, set to list its shares on the New York Stock Exchange (NYSE), has outlined its plan in a filing with the US Securities and Exchange Commission (SEC). The aim is to offer 8.2 million shares priced between $4 and $5, potentially valuing the enterprise at around $172 million.
Founded in 2014 and headquartered in Dubai Production City, Micropolis specializes in developing autonomous mobile robots (AMRs) utilizing wheeled electric vehicle (EV) platforms.
Micropolis’s flagship robots, capable of autonomous operation, find applications in diverse sectors such as security, hospitality, real estate, retail, sanitation, and logistics.
The company has collaborated with Dubai Police, deploying self-driving patrols to enhance security surveillance operations. Additionally, Micropolis has designed a surveillance robot equipped with a surveillance camera and a drone launcher for the Saudi Arabia Ministry of Interior, showcasing its commitment to advancing technological solutions for regional needs.
The journey of Micropolis not only charts a compelling narrative for its own success but also orchestrates a resounding win for the UAE as the nation positions itself as a global hub for robotics innovation.
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