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Marsi Bionics open a round of €1.5 million to manufacture its exoskeletons

The Spanish company Marsi Bionics will use the funds to develop its pediatric products on an industrial scale and prepare them for the international market. Currently, Marsi Bionics is carrying out a clinical trial together with Csic and Sanitas in patients affected by stroke, with difficulties in walking, and also plans to enter into other types of pathologies and surgeries.

Eva Wesley

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Marsi Bionics calls for private capital. The Spanish company has opened a funding round of $1.8 million (€1.5 million) through the crowdfunding platform Fellow Funders. The company will use the funds to develop its pediatric exoskeletons on an industrial scale and prepare them for the international market. 

Marsi Bionics expects to advance its robotic exoskeletons with variable joint stiffness, which accurately simulate muscles and tendons, to improve the human gait of patients with neuromuscular diseases. The pediatric exoskeleton Atlas 2030 is intended for the treatment of Spinal Muscular Atrophy (SMA). 

If you want to find more details about the new pediatric products developed by the company Marsi Bionics and to read the latest breakthroughs in the biotech sector, download for free our companion app. Born2Invest brings you the most important business news in the world so you can stay on top of the market.

The new product developed by Marsi Bionics could increase life expectancy with 50%

The company will also allocate the amount collected for the incorporation of new professionals in areas such as engineering, information and communication technologies (ICT) and business development. The company has already raised more than $300,000 (€250,000). Marsi Bionics will incorporate new professionals specialized in engineering, ICT and business development Marsi Bionics is a spin off from the Center for Automation and Robotics (CAR), a joint center of the Polytechnic University of Madrid (UPM) and the Spanish National Research Council (Csic). 

It is estimated that continuous therapy with the exoskeleton has a direct impact on health problems caused by SMA and can achieve 50% more life expectancy. The use of this product could be extended to diseases such as cerebral palsy, dystrophies, or chronic neurological damage. It is estimated that these diseases affect more than seventeen million children worldwide. 

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The company started its activity in 2013 and has carried out clinical trials in hospitals in Spain and France

At present, Marsi Bionics is carrying out a clinical trial together with Csic and Sanitas in patients affected by stroke, with difficulties in walking, and also plans to enter into other types of pathologies and surgeries. Marsi Bionics is carrying out a clinical trial together with Csic and Sanitas. On the other hand, the company is developing the robotic knee MAK Active Knee, which was recently certified by the Spanish Agency of Medicines and Health Products (Aemps). 

The company pointed out that the use of this product, after knee prosthesis surgery, allows a 66% faster, more stable, effective and painless rehabilitation. Marsi Bionics, founded by Elena García, managed for the first time to exceed $1.2 million (€1 million) in revenue in 2019. The company estimates it will reach, if it also meets the marketing forecast of its exoskeleton for adults, up to $12 million (€10 million) in revenue in 2022.

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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.