202312 Jul

Leading Mobile Robotics Company ForwardX Nets 200Mn in Series C+

Summary

Through the fourth generation of vision AMR mobile robots and self-developed cluster scheduling system, it realizes cost reduction and efficiency of target products, improves market competitiveness, and has won the recognition of more head customers. At present, the global intellectual property rights applications have exceeded 410, and more than 170 patents have been approved, including more than 60 overseas patent approvals.Qi Ou said, ForwardX Robotics in China focuses on the head of high-end customers to ensure the right level of profitability and quickly form a demonstration effect to achieve project scale replication. In addition to its established branches in the US and Japan, the company has also set up facilities in Australia and Europe and has frequently introduced new products at major overseas exhibitions. Proceeds raised in this round will be mainly used for new product R&D, overseas market expansion, commercialization delivery and supply chain deployment. It has gained the favor of Taikang Asset, Eastern Bell Capital, China Merchants Group and other well-known investment institutions.

Source: Equalocean

Funding

$27.91M
Amount
Jul 12 2023
Date
-
Investor
ForwardX Robotics
Company

Classifications

Companies