![Martin Placek](https://cdn.statcdn.com/static/../CMS/contactperson/ERI2764_1636745867.jpg)
Otis - R&D investment 2018-2023
During the fiscal year of 2023, Otis invested roughly 144 million U.S. dollars in research and development (R&D) to innovate and improve its product varieties, such that the company could retain its business performance in the long-run globally.