AMR builder Guozi Robotics bags shy of US$28m from equity financing round

The company has been recognized as a state-level "little giant" tech startup and a "quasi" unicorn in Hangzhou.

Guozi Robotics (国自机器人), an intelligent warehouse robot producer, has closed an equity financing round worth more than 200 million yuan (US$27.98 million), PE Daily, a VC/PE-focused news portal reported yesterday.

The round was led by Chint Solar, the photovoltaic (PV) affiliate of energy service provider Chint, with participation from some of its existing shareholders.

Founded in 2011, Hangzhou-based Guozi Robotics started out as an AMR manufacturer, with product lines consisting of robotic carrier, unmanned forklift, self-initiated picking system, and autonomous warehouse solutions, among others.

By leveraging autonomous navigation technologies, mobile chassis, data analytics and a precision operation platform, the startup is dedicated to supplying users with robotic solutions to automate warehouse and logistics operations.

Additionally, in recent years the firm ventured into smart inspection and security robotics.

The company has been recognized as a state-level “little giant” tech startup and a “quasi” unicorn in Hangzhou.

To date, Guozi Robotics has set up operations in 20 countries and regions across the world. It has provided its technologies to more than 2,000 clients at home and abroad, spanning sectors such as PV, power generation, engineering machinery and petrochemical.

China’s AMR segment is rife with competition, meaning that Guozi will find itself up against rivals like Geek+ (极智嘉), Quicktron Robotics (快仓科技) and Hai Robotics (海柔创新).

Avatar photo
Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

Articles: 785