Scholar Education details educational robot joint venture plans

Scholar Education Group has provided additional information on its previously announced joint venture for educational robots. The primary goal of the JV company is to develop and deploy AI-driven robots to enhance student learning, support teachers with administrative tasks, and provide performance analyses. The total capital contribution to the JV company is RMB385.0 million.

A significant portion of the capital, approximately 55%-60%, will be allocated to initial market analysis, identification of market gaps, and research and development of multi-functional educational robots and featured functionalities, including advanced AI algorithms, multimodal interaction, and AI prompts. Manufacturing of these robots is expected to require about 20% of the total capital.

The remaining capital will cover initial deployment within the Group, potential expansion to other markets through marketing and participation in educational conferences, operational costs, and a contingent fund of approximately 15% for unforeseen expenses. Shenzhen Huaxia Junyong, the JV partner, is wholly owned by Wansheng Enterprise Holdings (Shenzhen) Co., Ltd.