Chinese media reported today that Bosin (博信科技), an automation and robotic equipment maker, had completed a Series A+ round of funding worth tens of millions of yuan.
The round was led by ZHJ Group, with participation from Amphora Capital.
Proceeds from this round will be plunged into the development of products and business expansion catering to new energy, automotive and electricity industries.
Part of the funds will also go toward recruiting technological and marketing talent.
Bosin, based in eastern China’s Nantong city, boasts technological strengths mainly in three domains, including robotics, automation and machine vision, with heavy-duty control technology at the core.
Its self-developed elevated AMRs, industrial modules and visual software are adopted mainly by clients from emerging industrial segments.
For instance, according to its website, Bosin supplies order-picking and goods-to-person robots to various buyers that involve lifting materials off the ground and moving them along pre-installed rails at a height.
Unlike typical AMRs, mobile racks and autonomous forklifts that usually navigate the factory or warehouse floors on their own, Bosin’s products are designed to move objects in midair.
Its Airpick and Airheavy series operate at over 5m above the floor or even at customized height, lifting objects and carrying them along rails to designated spots like an elevated conveyor belt.
Currently, Bosin’s products have achieved large-scale application in segments such as steel, heavy industry, lithium battery, PV, automobile and electricity.