AIPS

What AIPS does

AIPS (Advanced Intelligent Perpetual Solutions; 愛普智科技股份有限公司) is a Taiwan-based OEM/ODM manufacturer specializing in intelligent fitness equipment, smart bicycle trainers, and precision power measurement devices. Formally incorporated on September 29, 2020 as a subsidiary of Giant Group (巨大集團), AIPS traces its technology lineage to 2012 when it independently began developing power measurement capabilities. The company operates a single advanced smart factory in Dajia District, Taichung City, equipped with three intelligent production lines, one precision electromechanical line, a Class 10,000 clean room, silent room for indoor riding simulation, dynamic power calibration equipment, automated tensile testing, and 100% air tightness testing. All production data flows through proprietary MES (Manufacturing Execution System) and WMS (Warehouse Management System) integrated with SAP ERP for real-time quality and supply chain visibility.

The company's product portfolio spans five domains: Smart Fitness (indoor cycling bikes, spin bikes), Smart Bicycle Training (smart trainers, indoor training tables, power meters), Measurement and Sensing (precision sensors and data acquisition), Smart Healthcare (rehabilitation and health monitoring products), and Smart City and Mobility (electric bicycles and personal mobility devices). Self-manufactured products integrate IoT and cloud connectivity, enabling applications such as virtual racing on connected training tables. AIPS holds ISO 9001, ISO 14001, ISO 45001, and Taiwan TTQS certifications, and has invested in ESG initiatives including factory rooftop solar installation and community beach cleanups.

The business model is B2B OEM/ODM contract manufacturing complemented by self-developed products, with quote-based pricing not publicly disclosed. Customer acquisition relies on international trade show presence (CES, VivaTech, Eurobike), direct enterprise sales, and referrals through Giant Group's network of 14 global sales subsidiaries and worldwide distributors. Named customers include Stages Cycling (explicitly labeled a key customer), a UK brand specified by Olympic athletes, and two US startups that scaled to top commercial fitness/training brand status through the partnership. AIPS serves markets in North America (USA), Europe (UK, France, Germany), Israel, and Taiwan. Leadership is provided by Chairman 劉湧昌 (Young Liu), who also chairs Giant Group, and General Manager 游文人 (Donald Yu), who also serves as President of SPIA. Capitalization at founding was NT$800 million authorized, NT$500 million paid-in, with no external venture or private equity rounds disclosed.

Name

AIPS

Legal name

愛普智科技股份有限公司 (AIPS Technology Co., Ltd.)

Website

https://aips.com.tw

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

AIPS is a Taiwan-based OEM/ODM manufacturer of smart fitness equipment, bicycle trainers, and precision power meters, serving global cycling and fitness brands. The 2020 Giant Group subsidiary operates an advanced smart factory in Taichung with proprietary power measurement capabilities.

Ownership category

akta.pro rank

Product category

Fitness Equipment Manufacturing

NAICS

Other Measuring and Controlling Device Manufacturing (334519), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Assembly, Conversion Kits & OEM/ODM Contract Manufacturing (IMACAOAL)

akta.pro secondary industry

Micromobility Electrical/Electronic Components Manufacturing (Wiring/Displays/Telematics/IoT) (IMACAOAI)

Keywords

• Smart fitness equipment
• OEM ODM manufacturing
• Bicycle power meters
• Intelligent manufacturing systems
• Indoor cycling trainers

Headquarters

HQ city

Taichung

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. OEM/ODM Manufacturing: Original design and manufacturing services for fitness equipment, cycling trainers, power meters, and smart mobility products. Serves global brands including American, European, British, and Israeli companies. Revenue generated through product manufacturing contracts with proprietary design capabilities.
2. Smart Training Equipment: Self-manufactured smart trainers, stationary bikes (spinning bikes), and indoor cycling products targeting home fitness consumers. Products connect to IoT and big data for virtual racing and online cycling experiences.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

AIPS manufactures smart fitness equipment, smart bicycle training devices, and precision power meters through an advanced smart factory with three intelligent production lines and one precision electromechanical line. The company provides OEM/ODM manufacturing services for global fitness, cycling, and mobility brands, and also produces its own self-manufactured smart trainers, indoor spin bikes, and connected training platforms. Core capabilities include proprietary power measurement technology developed since 2012, MES and WMS systems, and Class 10,000 clean room production.

Product overview

AIPS (Advanced Intelligent Perpetual Solutions) operates as an advanced smart factory under Giant Group, offering a comprehensive portfolio of intelligent health and sports equipment. The product portfolio centers on five domains: Smart Fitness, Smart Bicycle Training, Measurement & Sensing, Smart Healthcare, and Smart City & Mobility. Core offerings include smart indoor training tables, spin bikes, power meters, and precision sensing technology. The company provides both self-developed products and OEM/ODM manufacturing services for global brands, integrating IoT connectivity and cloud analytics into fitness and mobility solutions. Manufacturing is conducted through three intelligent production lines and one precision electromechanical line, with power measurement technology as a key differentiating capability.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Fitness Products (智能型健身領域) Intelligent fitness equipment including indoor cycling bikes and smart training systems designed for gyms, homes, and professional athletes, featuring real-time performance tracking and data analytics.
• Smart Bicycle Training Solutions (智能自行車訓練領域) World-class bicycle training solutions including smart trainers, indoor training bikes, and power meters that connect with cycling simulation software for indoor training experiences.
• Power Meters (功率計) Precision power measurement devices for bicycles and fitness equipment, developed since 2012, enabling accurate performance data for professional and amateur athletes.
• Smart Healthcare Products (智慧醫療領域) Intelligent medical and healthcare products leveraging sensor technology to support rehabilitation and health monitoring applications.
• Smart City and Mobility Solutions (智慧城市與移動領域)
• Smart Training Tables (智慧訓練台)
• Indoor Spin Bikes (飛輪)
• OEM/ODM Manufacturing Services

Quantifiable outcome

• Dynamic power calibration improves production efficiency by dozens of times compared to traditional static weight calibration
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Three partnerships are on record, tiered key_customer, core and parent_company.

• Stages Cyclingkey_customerStrategic or Co-development Partner · 25 June 2025Stages Cycling is a globally renowned bicycle power meter and training equipment brand and a key customer of AIPS. The company returned to Eurobike exhibition in Frankfurt, Germany (June 25-29, 2025), showcasing their innovative products that AIPS manufactures.
• Taiwan Tech Arena (TTA)coreGTM or Marketing Partner · 22 May 2024TTA (Taiwan Tech Arena, under Taiwan's National Science and Technology Council) has led Taiwanese startups to exhibit at international trade shows for 6 consecutive years. AIPS was invited to participate in VivaTech 2024 in Paris, France (May 22-25, 2024).
• Giant Group (巨大集團)parent_companyStrategic or Co-development Partner · 1 January 1972Giant Group (formerly Giant Manufacturing Co./巨大機械) is the parent company of AIPS. Founded in 1972, Giant is Taiwan's largest bicycle manufacturer and a global leader. AIPS operates as a subsidiary within the Giant Group ecosystem, leveraging集团的resources including R&D centers (i-WOW), international legal teams, financial strategy, IT systems, 14 global sales subsidiaries, and worldwide distributors.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• 4iiii Innovations: Canadian power meter and cycling electronics manufacturer producing crank- and pedal-based power meters. Highly comparable to AIPS's power measurement technology franchise in terms of precision measurement IP, OEM/ODM-style supply to bike brands, and target OEM customers.
• Johnson Health Tech: Taiwan-based commercial and consumer fitness equipment OEM/ODM (Matrix, Horizon, Vision brands) — comparable OEM/ODM business model, Taiwan manufacturing footprint, and broad product portfolio including indoor cycling, closely matching AIPS's contract manufacturing and Asia-based operations.
• Stages Cycling: Global power meter and indoor cycling brand that is both an AIPS customer and a directly comparable manufacturer of power meters and smart cycling equipment, making it the most operationally comparable peer for product type and precision measurement positioning.
• Tacx (Garmin): Premium indoor cycling smart trainer brand owned by Garmin, producing NEO and Flux trainers that compete head-to-head with products AIPS manufactures for other brands. Directly comparable in product category, target buyer (serious cyclists), and IoT/connected training integration.
• Wahoo Fitness: US-based connected fitness brand producing smart indoor cycling trainers (KICKR), power meters, and cycling electronics — directly comparable products to AIPS's smart trainer and power meter portfolio, though Wahoo sells under its own brand while AIPS primarily OEM/ODMs for brands like Wahoo's competitors.
• BH Fitness: Spanish fitness equipment OEM/ODM with home and commercial indoor cycling, ellipticals, and strength lines. Comparable OEM/ODM-style contract manufacturing model and overlap with AIPS in indoor cycling equipment category, including power measurement capabilities.
• Keiser: US-based manufacturer of indoor cycling bikes and functional training equipment with integrated power measurement. Directly comparable to AIPS in indoor cycling product category, with proprietary electronic resistance/power technology that overlaps AIPS's measurement and indoor cycling capabilities.
• Favero Electronics: Italian maker of Assioma power meter pedals and indoor cycling electronics. Comparable to AIPS in cycling power measurement product category and OEM supply to premium cycling brands, with overlapping customers in the performance cycling segment.
• Elite (Elite Cycling): Italian cycling accessories and indoor smart trainer manufacturer (Direto, Suito trainers). Comparable to AIPS in smart indoor trainer product category and OEM/ODM supply to cycling brands, with overlap in precision power measurement and connected training integration.

Broad incumbents

• Technogym: Italian premium commercial and home connected fitness equipment maker. Comparable in connected-fitness end market and IoT/cloud integration, but operates at a much larger scale across multiple fitness categories rather than specializing in cycling electronics as AIPS does.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aips-technology
• Facebookfacebook.com/aipstech

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIPS