We Interviewed a $13,500 Humanoid Robot About Its Own ETF | KOID with Joe Dube, KraneShares

Transcript

Meeting The Unitree G1

SPEAKER_00 0:11

We got the Koid humanoid here, and we've got Joe from Cranechair. So uh Joe, uh I I gotta tell you, every time I see this, I get scared. Yeah, especially when it runs, you know, it's extra terrifying. But uh can we talk about what what this exactly is? So this is a Unitree uh G1 humanoid robot, right? Um and uh uh this is the uh the base model goes for about $20,000. Uh you can get it from Unitree. And then um there's several different models. There's an EDU model that goes for about 80,000,

The Humanoid Company Boom

SPEAKER_00 0:40

it's more AI enabled. So uh this is kind of representation of the future of Jackson Network at probably. Oh, yeah, the YouTube, not the present. Yeah, right. Um so this is it. So the um Unitree is just one of the humanoid manufacturers that are out of there. Um uh there's uh the there's like it's been an explosion of of new humanoid companies uh particularly in China. Yeah. Yeah, Unitree, there's AGI bot, there's um Gale bot, NoahTix, Booster. Um, and we've been meeting with all these companies, CES and met with them all. Um we've been doing some factory tours in China. Uh and uh those are the that's kind of the China ones, and then we've got obviously Tesla Optimus. A lot of buzz and enthusiasm for that. Um Boston Dynamics came out with their Atlas humanoid robot. Um, and so it's like uh uh we're

Real Deployments And Use Cases

SPEAKER_00 1:30

seeing an explosion of of new entrants in this humanoid robot category. Yeah uh but it's early days still. And so But this is this is not like a toy. Let's this actually does do things. Yeah, this is a real robot. So um uh right now we've seen uh use cases from um our our partners at uh at Robostore who run Unitry North America uh have shown us some of their some of their real clients are buying it like um for a warehouse deployment. It can detect like if a if a package falls off the conveyor belt, it can detect that, pick it up, you put it back into the assembly line. Um and uh it's also good for surveillance and security, like um uh it's like RoboCop type stuff. That's like more like it in your factory. If someone like breaks in, it can detect intruders. Um like a watchman. Yeah, yeah, yeah. So that's a great deployment. We're seeing there's uh healthcare applications like for elder care. Uh if if you have an elderly relative that lives uh by themselves and they they have a fall or something. Right, right. And alert the family that and an incident. Um and then it's also in hazardous environments we're seeing this as a deploy. So the the quadrupeds are like the dogs, right? Uh we're seeing them used for firefighting. Um and they can go in like uh in like forest fire or split hazardous uh situation, you don't have to put human life. Right, right, right, right, right. And it's like people that say like it's it's we've talked about humanoids and robots, they're not here, they're not here, like no, they're here. Like it's it's now we're like in the early stage of the actual deployment.

How To Invest Early In Humanoids

SPEAKER_00 2:55

So let's talk about the investment opportunities, right, when it comes to this. Arguably this is where the next phase of AI is gonna go. Right. Yeah. So um, like I said, it's because it's early stage, no clear winner has emerged. So I would like to take the ecosystem approach, take a basket approach to humanoids, right? So uh uh and it's also a global approach because uh it's not US, not just China. Uh uh, we're seeing uh lots of developments uh in humanoids coming from Europe, uh Germany in particular, uh Korea, Japan, US, and China. And so what the way we structure Floyd is it's got the brain of the robot that's companies working on that embodied AI application, right? Um you've got the uh uh the the body that's companies building the actuator, like the harmonic drive. But each robot's got like can have a one robot can have like 45 actuators in it. Every everywhere you have a joint uh of movement, the robot is gonna require an actuator. Yeah, yeah, yeah. Yeah. So you can think, um, if there's gonna be uh uh a billion humanoid robots, how many actuators? Yeah, um and so uh we like that. That's kind of the the the and the those those component companies work with all of the humanoids. Right, right, right. That's that's a great opportunity. Then there's finally the uh the the people that are actually assembling the and and for shipping humanoids, like unit tree. Right, right. Unitry is private right now, but they're about to go public on the Shanghai style. It looks like Shanghai. Yeah, it's good. We're monitoring it, but uh probably be Shanghai. And uh you're gonna have uh so I'm seeing more uh humanoid robot companies entering the the public markets. And and and for your ETF coi, the nice thing about that is that I assume as these new companies go public, you're gonna be considering putting them in that or fund, right? So it's like you're gonna be on top of this for the way. Frequent rebalancing

COID ETF Construction And Diversification

SPEAKER_00 4:40

of the index. And um we're uh it's a passive fund, so uh it is rules-based, but we monitor uh the index constantly. And so uh uh when when a new entry comes, uh we we'll make sure that it gets included and deployed. How how pure player some of these companies are in COID? Meaning if they just focus on robotics or they mix with other types of services? There's there's some mixture, like um, like obviously like a Tesla. Yeah. Um uh though, you know, Elon has come out and said they're they're going all in on robot. Recently it's becoming a robot company. Um we have uh and that that theme echoes over in China where there's X Peng, um, who kind of shocked the world. They had the the the humanoid was so real when it walked out on stage. Uh everyone thought it was a person. Yeah, yeah, yeah. And then they cut they cut in Bazaleggy to see the metal. Um, so yeah, that was impressive. Um, and then like you have some of the actuator companies where there's tons of applications for this actual flat rider. Yeah, right. Yeah. Um, but uh uh there are some like just like Ubitech is uh um Shanghai listed. You just make a humanoid robots for the factories. Um so there's a lot of pure play stuff. So we have a RoboSense in there. Um uh and they just do like the uh the sensor for humanoid. Yeah, yeah, yeah. Yeah, yeah. They also do autonomous lawnmowers. So that's there's a yeah. I don't trust something like dump my lawn like that, but I mean that's why. I believe there's a horror movie about it. Yeah, it's an air, there will be at some point. Yeah, we should do it. Funded by Corey. No, um okay, so it's it's it's obviously it's real. Koid's gotten some big traction and attention. Um how do you think about how allocators should think about COID? Meaning, is it something that's like a core thematic fund? Is it satellite? Yeah, how do you how do you think I mean I think uh most uh a lot of people were seeing the systematic. If you have allocation attack, uh this fits. Yeah, but it's diversified. So you're not you're not um and we're really careful to make sure it's diversified. Uh how many holders? We um uh how many, I think it's uh 30 around 30. Yeah, I'm gonna double check exactly. Um but uh uh we we do an equal weight uh methodology. So we're not you're not getting 30% tests. All right, all right. You probably already own Tesla. Um you gotta check if uh other funds that that are just giving you double overlap to NVIDIA and Tesla, right? It's not what you really want. So we've equal weighted it. Um and then it's um you got some uh like rare earths in there. We have uh like MP materials that uh uh was the US, the only US say we're buying them. So uh we've seen some good like geopolitical resilience run because of that uh composition. And you're getting this embodied AI that's not just giving you mag 7. Right. So you're looking kind of to step out of the the the your concentration. Uh uh, we think coid is a good play. Yeah, no, and I'm a big fan of the the thesis and the idea as I and selling these are fly by nine companies, these are real companies are selling. I mean, it's already fundamentally there's growth. Exactly. But it might be the is is like a uh you may never have heard of RoboSense. Right, right. They could have the sensor that's in every one of these people or embodied AI. Which is the nice thing about the ETF wrapper what you guys are doing, because you don't have to, as the individual investor, try to identify

Why Progress Is Speeding Up

SPEAKER_00 7:45

what these companies are. You're doing it for them. Yeah, and one of the things like um uh that we're seeing is all these technologies are advancing in tandem. Yep. And so that's why all of a sudden you have this, like it feels like it just popped up overnight. Right, right. Like the sensors got compact because of the your cell phone. Right, right, right. Yeah, it's all parallel to that. Yeah, there's been all this AI advancement. Um, so now you can have autonomous applications. Right. Um and and so like uh uh this is why you're seeing it now. And what I what I tell everybody, and I've seen this now firsthand since we launched the fund, that the progress is happening, is measured in months. Yeah, yeah, yeah, yeah. And uh and so like I don't know where we're gonna be at in a couple like given six months from now, yeah. Um just the the uh the applications we've already configured with our robot, stuff I wouldn't have dreamed of. Yeah, short car. So I'm just so pumped. Uh it's it's an exciting space, and there's no question that it's it's here, it's here to say it's gonna grow exponentially. So the investment companies are very real. So congrats on launching Koid. Thank you. If anybody that wants to learn more about Koid, there you go. Uh aside from talking to Robot, where should they go? Uh so if you want to learn more, uh it's uh our website's crane shares.com. There's crane shares with a k uh.com slash coid. You can just Google Floyd and uh it'll pop up. You'll see all the videos of we've had Koid running around uh the world. We rang the Nasdaq battle with Koid, he rang the London stock exchange. Uh uh we

Where To Learn More And Wrap

SPEAKER_00 9:05

listed it over in USIT's uh in October. Yeah. And um we've gone viral with a couple of it's uh it's a great way to do it now. And his his name, I assume it's um I got I s you keep it at like a you're a future proof uh we've gotten a broad range of it's like uh I think you can uh same her kind of thing. Uh it's like uh it's it's it's Koi. Yeah. Yeah, it's Koi. So uh thank you. There you go. Thank you everybody for watching. Uh check out Koy.