Virtuix Inc. (NASDAQ: VTIX) is poised to accelerate its growth trajectory following its recent initial public offering, as CEO Jan Goetgeluk outlined plans to scale the company's virtual reality treadmill gaming system, Omni One. In an interview on Benzinga's All Access, Goetgeluk highlighted the company's 138% year-over-year revenue growth and the immersive, health-promoting appeal of its product.
“It's an exciting time for us,” Goetgeluk said. “We reported 138% year-over-year growth. So we’re growing and we are ready to scale.” The Omni One system allows players to physically run, walk, and move through virtual worlds, offering a unique gaming experience that also encourages physical activity. Goetgeluk noted one customer lost 40 pounds in four months using the system.
With the IPO proceeds, along with an $11 million investment from Chicago Venture Partners and a $50 million equity line of credit, Virtuix aims to fund growth and enter new markets, including the defense sector. The capital injection provides the company with resources to scale production, expand marketing, and explore applications beyond consumer gaming.
The full interview is available on YouTube. Featured image from Shutterstock.
This content was originally published on Benzinga. Read further disclosures here.
