Roboticplus.AI (大界机器人), a construction robot developer, had received an undisclosed amount of strategic financing from Swire Properties, a Hong Kong-based real estate developer, PE Daily, a VC/PE-focused media outlet reported on March 2.
Swire Properties, which is the commercial real estate arm of Swire Group and runs several leading commercial properties and malls in mainland China, said it will leverage Roboticplus.AI’s self-developed industrial software platform RoBIM, to empower the full construction process from design to manufacturing to building.
The two sides will collaborate in constructing human-centric high-quality buildings in a quest to generate value and achieve higher efficiency and a low-carbon transition for the construction industry, PE Daily reported.
Roboticplus.AI, founded in August 2016, is one of China’s best-known construction robot producers, committed to providing the centuries-old industry with intelligent robotic systems to enhance efficiency and safety.
Its business lines mainly consist of control system, algorithms and human-machine interface of robotic builders.
Meng Hao, founder and CEO of Roboticplus.AI, credited Swire, a diversified global conglomerate with origins dating back to 1816, for creating a host of urban landmarks over he course of its long-term investment in China.
“Roboticplus.AI currently has undertaken deep cooperation with Swire and use smart building and manufacturing technologies to create a premium living environment in partnership with Swire,” said Meng. “We also look forward to working with Swire in its overseas business and spread the influence of China’s smart manufacturing prowess across the globe.”
Yuan Xiaowei, a manager with Swire Properties, described Roboticplus.AI as a high-tech firm with disruptive technologies in building and industrial domains.
“We expect Roboticplus.AI to keep tapping into industrial software and build a new robotic brain and nerve system capable of autonomous sensing and decision-making,” said Yuan. “We expect it to help Swire to continuously innovate in terms of building products and business model, and promote high-quality urban construction hand in hand.”
Roboticplus.AI netted more than 100 million yuan (US$14.48 million) its Series B round in April 2021, backed by BAI Capital, C Capital, Poly Capital, G5 Capital and Linear VC. A little more than seven months later, the Shanghai-based startup closed a follow-on Series B+ round for an undisclosed amount, led by GL Ventures and Everest VC.