08:03 AM EDT, 06/13/2025 (MT Newswires) -- New Wave Holdings (NWAI.CN) said Friday that it invested US$150,000 in Cartwheel Robotics, which develops advanced robotics products and provides engineering services to businesses.

New Wave said the investment will accelerate the development and commercial deployment of Cartwheel's advanced humanoid products and solutions.

"This strategic step underscores our confidence in their vision and our commitment to advancing innovation in this space," said Joshua Matettore, CEO of New Wave. "Their focus on compact, adaptive humanoids - designed not for factories, but for homes - signals a new era of embodied AI that feels familiar, functional, and human."

New Wave, which is focused on supporting companies within the E-Sports, Artificial Intelligence, Blockchain, and Web3 sectors, surged 33% on Thursday to $0.26 per share on the CSE.