On January 7th, 2018 at 5pm PST during CES UNVEILED, Foldimate will be showing their improved design for the first time and officially opening Early Pre-Orders.
The German appliance manufacturing giant BSH is in the early stages of partnering with Israeli laundry folding robot designer Foldimate on product development and manufacturing in the latest volley in the battle to bring a commercially viable laundry folding robot to market.
Seven Dreamers is working with Panasonic on the Laundroid — which aims to bring its own vision of a laundry folding machine to the masses.
Laundroid is backed by roughly $90 million in capital from funds affiliated with the Henry Kravis and George Roberts, two of the founders of the gargantuan private equity investment firm KKR, Laundroid is clearly the better-funded device — but the partnership with BSH will go a long way toward leveling the playing field.
Foldimate has $3 million in angel investment.
Foldimate was aiming for a price point of around $850 as of last May, while Laundroid is already retailing at $14,000 in Japan and has a targeted price of $2000.