robotics industry Archives

Switzerland-based ABB Invests $150 Million in Shanghai Factory

ABB, a Swedish-Swiss industrial giant and one of the world's four largest robotics companies, announced the official opening of its robotics factory in Shanghai on December 2.

Meituan Establishes “MARS” Robotics Research Academy in Shenzhen

Meituan, a top Chinese e-commerce platform specializing in home delivery and life services, established the Meituan Academy of Robotics Shenzhen (MARS) in the southern province of Guangdong on November 29.

Brain-Machine Interface Firm BrainCo’s BrainRobotics Hand Obtains FDA Certification

BrainCo, Inc., a Chinese brain-computer interface (BCI) technology company, announced that its product BrainRobotics Hand had obtained FDA certification.

Tesla’s Humanoid Robot Optimus to Appear at China International Import Expo

Tesla announced on October 28 that it will bring its humanoid robot Optimus, also known as Tesla Bot, to the fifth China International Import Expo, to be held in Shanghai from November 5 to 10.

Tencent Reveals Progress of Wheel-Legged Robot Ollie

Robotics X, a research division of Chinese tech giant Tencent, announced on September 9 the latest progress of its wheel-legged robot named Ollie.

Unmanned Forklift Robotics Company Tusk Raises Hundreds of Millions of Yuan

Tusk, an unmanned forklift robotics company, has received three rounds of financing totaling several hundred million yuan, following investment by Engage Capital, ZhenFund and 01VC.

Chinese Robot Industry Saw H1 Financing of Over 5B Yuan

In the first half of 2022, China's robot industry has garnered cumulative financing exceeding 5 billion yuan ($734 million).

Warehouse Robot Firm Geek+ Secures $100M in E1-Round Financing

Geek+, a logistics industry robot company, announced on August 8 its completion of a new round of financing totaling $100 million. The investors were Intel Capital, Vertex Growth Fund and Qingyue Capital.

SpeedBot Robotics Secures B Round of Financing Worth $44.4M

SpeedBot Robotics announced on July 20 that it had completed a round B of financing totaling 300 million yuan ($44.4 million), which was exclusively led by Matrix Partners.

AKA Robotics Completes Round A Financing

Shenzhen-based intelligent robot enterprise AKA Robotics has completed an A round of financing. The financing round was led by Legend Capital.

Xpeng’s Subsidiary PXing Completes Round A Financing Worth Over $100M

On July 12, XPeng Motors’ subsidiary company PXing announced the completion of a round A of financing worth more than $100 million.

XYZ Robotics Secures Nearly $40M in Round-B+ Financing

XYZ Robotics has obtained nearly $40 million in a B+ round of financing, led by Capital Today and followed by Gaorong Capital, 5Y Capital and Source Code Capital.

Automation Solutions Firm MegaRobo Bags $300M in C-Round Financing

MegaRobo, an intelligent life science enterprise, has announced its completion of C-round financing totaling $300 million. The funding was jointly led by Goldman Sachs Asset Management LP, Asia Investment Capital and GGV Capital.

Wissen Secures $10M in Pre-A+ Financing

Shenzhen-based service robot company Wissen has completed a pre-A+ round of financing, with a cumulative amount of nearly $10 million. The leading investors were Shunwei Capital and BlueRun Ventures.

Hai Robotics Secures Over $100M in D+ Financing Round

Automation solutions provider Hai Robotics has announced that it received over $100 million in a D+ round of financing. The lead investor is Capital Today.

Rochu Robotics Secures Tens of Millions of Yuan in Pre-A Round Financing

Rochu Robotics has secured tens of millions of yuan in a pre-A round of financing, featuring co-investment by Plum Ventures and Strategy Capital.

Blue Ocean Robot Raises Tens of Millions of Yuan in Round-A and A+ Financing

Blue Ocean Robot, an intelligent logistics and management systems provider, has secured tens of millions of yuan in round-A and round-A+ financing, with lead investor GL Ventures.

Aerial Work Robot Firm RobotPlusPlus Raises $15M in Series B Financing

RobotPlusPlus, a leader in aerial work robots, announced on Tuesday its Series B funding round of $15 million, bringing its investment total to approximately $35 million since its founding in 2017.

Service Robot Firm Xianglu Technology Bags Several Hundred Million Yuan in Pre-A Round Financing

Service robot developer Xianglu Technology announced on Monday that it had received several hundred million yuan in a pre-A round of financing led by Tencent and IDG Capital, followed by existing shareholder Source Code Capital.

Mobile Robot Firm J-Elephant Secures Nearly 100M Yuan in Angel and Pre-A Financing

Mobile robot manufacturer Beijing J-Elephant Technology Co., Ltd. announced on Wednesday that it has secured nearly 100 million yuan ($15.2 million) in angel and pre-A financing rounds.

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