Pudu Robotics Closes Series C2 Financing; Total Series C To $155M
Summary
The joint investment was led by Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings and Sequoia Capital China. The C2 round funds will be utilized for R&D development, new product development, new site launches, and expansion of the company’s global network. Founded in 2016 by Felix Zhang, Pudu Robotics is a tech-focused enterprise dedicated to the design, R&D, production and sales of commercial service robots, which aims to use robots to improve the efficiency of human production and living. The robots are widely applied in restaurants, hotels, supermarkets, government offices, airports, high-speed train stations, and hospitals. The company has achieved total cumulative sales of several tens of thousands of units, with footprints covering more than 60 countries and regions worldwide.