The newest funding makes VisionNav the group with probably the most funding rounds and the largest single funding within the AGV trade
China’s VisionNav Robotics, developer of industrial logistics robots, has closed its newest C+ funding spherical elevating greater than $80 million.
The spherical was led by Chinese language e-commerce platform Meituan, and 5Y Capital.
The group, which develops automated guided autos (AGVs) for industrial use, mentioned the funding shall be used to analysis new expertise and “progressive types of product improvement”, in addition to optimize product efficiency and promote large-scale implementation and localized supply for world prospects.
Based in 2016 by a group from the Chinese language College of Hong Kong and the College of Tokyo, VisionNav Robotics has a product line of 9 sequence of autonomous industrial autos and robotic management techniques that embody forklifts, indoor and out of doors tractors and BrightEye, its good AGV system.
“VisionNav Robotics has made distinctive progress in taking its progressive driverless industrial autos to market since graduating from our incubation programme,” mentioned Oscar Wong, head of enterprise improvement of Hong Kong Science and Expertise Parks Corp. “Its success in securing a large funding within the newest C+ spherical is a testomony to the way it has received belief past Hong Kong.”
Since its final funding spherical VisionNav Robotics has accelerated its globalization and arrange advertising facilities in additional than 30 nations and areas to ship greater than 350 initiatives.