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RobotPlusPlus, an organization creating magnetic crawler robots for aerial work, introduced in $15 million in Sequence B funding. Its portfolio of options work in a wide range of industries, together with maritime, ship restore, petrochemicals and energy era.
The corporate plans to make use of the current spherical of funding to speed up its analysis and improvement timeline and broaden its world presence. RobotPlusPlus relies in Beijing, and has principally targeted on promoting domestically, however the firm already has growth plans in movement. It plans to open a Singapore workplace quickly.
“Whereas we’ve beforehand targeted on the Chinese language market, 2021 has introduced us extra success outdoors China. We’re wanting ahead to creating our options out there to a broader viewers and cementing our place as a key participant globally,” Andy Lu, accomplice & SVP of RobotPlusPlus, stated.
The corporate’s core product portfolio contains 4 robots, a ship derusting robotic, a boiler robotic for inspection and cleansing, a chemical tank grinding robotic and a wall climbing robotic resolution.
“Our newest spherical of funding contributes to the constructive momentum we now have been constructing over the previous 12 months. With a rising market share throughout our key territories, we glance to proceed to ship extra transformational outcomes to our present and future shoppers,” RobotPlusPlus founder and CEO Hua-yang Xu stated.
Meituan, a Chinese language know-how and on-line retail firm, and Fosun, a worldwide client group, led the funding spherical.
“An getting old workforce, rising labor prices, frequent aerial work-related accidents, and the COVID-19 pandemic have had an accelerative impact on the aerial work robotics sector,” Pu Xiao, funding supervisor at Fosun, stated. “RobotPlusPlus’ mission is to empower people with robots whereas serving to enhance operational security and productiveness. We’re excited to help RobotPlusPlus in leveraging AI and RaaS to optimize aerial work environments and allow robotic functions.”
RobotPlusPlus was based in 2017, and has raised round $35 million since its founding. Its know-how has been efficiently utilized in inspection, flaw detection, cleansing, derusting, spraying, sharpening and extra.