Shunwei Capital backs Series A cash injection into mobile robot maker Sage-Modi

With a track record of churning out mobile robots for manufacturing, inspection and logistics industries, the startup has established a reputation as a versatile player.

Sage-Modi (飒智智能), a hybrid mobile robot builder, has raised tens of millions of yuan in a Series A round of financing led by Shunwei Capital, Chinese media reported on February 6.

Shunwei, whose founder includes Xiaomi Group CEO Lei Jun, invested into the Shanghai-based firm from three funds under its management.

Another backer during this round included a state-run venture capital firm registered in Shanghai’s Minhang District, where Sage-Modi is headquartered.

Following this transaction, the startup’s registered capital grew from 6.04 million yuan (US$839,600) to 6.73 million yuan, according to Tianyancha, a data platform documenting business registry changes.

cnrobopedia reported in June 2023 that the firm bagged tens of millions of yuan from a pre-Series A fundraiser, roping in Shenzhen Capital Group and Jolmo.

Since its inception in 2017, Sage-Modi has been committed to the development of compound or hybrid mobile robots, meaning end effectors like robotic arms mounted atop a self-driving chassis.

The company not just designs or manufactures the robotic parts; it also functions as an integrator that puts software and hardware technologies together to create innovative solutions.

With a track record of churning out mobile robots for manufacturing, inspection and logistics industries, the startup has established a reputation as a versatile player.

It claims to be one of the few domestic robotic producers with a presence in use cases as diverse as aerospace, healthcare, electricity, daily chemical, as well as library and archive.

The company’s product line consists of robotic controller, robot operating system, AI and big data processing, cloud transmission and storage, application software and proprietary finished robots.

They are deployed to a vast number of scenarios such as EV and parts, new energy, mechatronics, pharmaceutical, textile, aerospace and aviation. Sage-Modi counts among its clients big corporations like Johnson & Johnson and Luxshare, an Apple contractor.

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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.

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