InnoBridge portfolio company LeWorks is now established and operational. LeWorks is a cofactory, a co-working space for manufacturing companies that is a service for companies that want their own assembly factory without having to manage it. LeWorks handles all factory management tasks, while leaving the customers in control of the actual manufacturing work.
The first LeWorks factory is located in Changzhou, Jiangsu province, and focuses on electronics assembly. The factory space and an office and shared R&B will be set up during the spring of 2021. LeWorks will also offer sourcing services, helping clients find and buy quality parts from China, as well as R&D support.
InnoBridge is a co-founder of LeWorks with a 50% equity share. More information on the LeWorks website.