Flexiv (非夕机器人), a Shanghai-based general-purpose robot developer, recently signed a strategic cooperation framework agreement with consumer electronics maker F&D (奋达科技, 002681.SZ), to leverage their complementary advantages in supply chain and automation technologies.
Shenzhen-headquartered F&D said in an exchange filing that it will leverage its manufacturing and supply chain management strengths to help Flexiv achieve cost reduction, among other targets.
F&D specializes in the production of home appliances, e-locks, wearable devices and electroacoustic products.
For its part, Flexiv looks to contract the manufacturing of its robotic arms, accessories, workstations and components to F&D.
Cost reduction has been a goal high on the agenda of domestic robot manufacturers, many of whom count on supply chain expertise to lower production costs and bolster competitiveness.
Flexiv started in 2016 under Wang Shiquan, a Stanford alumnus, with a vision to develop what it calls bionic, adaptive robotics products and innovative AI solutions.
The company will then supply them to various industrial clients to reduce human labor, automate work, and boost efficiency.
To date, Flexiv’s product lines, comprising seven-axis robotic arms and a parallel robot, combine industry-grade force control, computer vision and AI technologies.
They are mainly deployed to sectors ranging from industry, automaking and 3C to new energy, aviation and home appliance, involved in precision assembling and complex surface processing.
For instance, grinding wheels placed at the tip of Flexiv’s robotic arms can be used for sanding and polishing vehicle frames at a car factory.
Applications also have extended to food and healthcare segments.
The startup bagged close to US$100 million in June 2022 from a Series B+ financing round at a post-money valuation of US$1 billion, making it a unicorn.