12632192 0 image a 4 1556053840667 - Lundroid, the startup behind the world's first Landry Robot has gone bankrupt
Robots Start-up

Lundroid, the startup behind the world’s first Landry Robot has gone bankrupt

So Lundroid, the company behind the robot that does your laundry all the time, is finally going bankrupt after racking up depts of a whooping $200 million.

Lundroid, the startup behind the world's first Landry Robot has gone bankrupt | ces, Foldmate, Lundroid laundry, robots

The company didn’t make the huge break it was expecting after customers complained of the robot folding too slow an that the price tag of $16,000 was too high for a robot that slow.

In a statement by the company, they said “We sincerely apologize for any inconvenience caused to our shareholders, customers, business partners and related parties.”

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The company said they actually had a lot in store for their customers and thought the product would someday become a very part of the modern wardrobe.

Lundroid, the startup behind the world's first Landry Robot has gone bankrupt | ces, Foldmate, Lundroid laundry, robots

Their competitor, Foldmate, on the other hand already have a working prototype and they learnt from their competition, so they reduced their price to as little as $1,000 plus the fact that their’s folds faster.

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