Home / Technology News / ZMP is getting Listing in Tokyo Stock Exchange

ZMP is getting Listing in Tokyo Stock Exchange

ZMP, started back in 2001 and since their start they were clear to use their allocated funds for self driving technology related research and development and affiliated projects in it like Robot taxi, where robots will take role of cab drivers and drive passengers around the city.

ZMP Robotic Startup in Japan’s got its approval to list itself up for floatation in Tokyo stock exchange with its worth estimated to be approximately 82 million USD, where it is seeking more funds to speed up their autonomous driving technology development.

Company plans to sell its 3.5 million new and 6.6 million current shares in Initial Public Offering (Tokyo Stock Exchange) , these figures are from Japan Finance Ministry Regulatory files. Company will sell about 8.8 billion Yen (82 $ million) of stock, with an approximately calculated price of 760 Yen per share. They plan to start Trading from 19 December on Tokyo Stock Exchange.

ZMP Products products come with car automation kits such as robot car and on board computer for self driving cars.  Current Products such as Carri-Ro is robot for use in logistic operations in warehouse, Image processing software that use mounted Robo Vision camera system on cars.

Self Driving technology projects and ideas had made its mark in Global market futuristic needs companies like Tesla, G.M (General Motors) and Google Alphabet are already working in this field.

 

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