| |

VisionNav Robotics Raises $80M for Driverless Industrial Vehicles


April 29, 2022

China’s VisionNav Robotics, which manufactures driverless industrial vehicles, has announced raising $80 million in a Series C+ round, led by Meituan (China-based e-commerce platform for services) and 5Y Capital.

The company said it will use the new funding to research new technology and innovative forms of product development; optimize product performance, focusing on product stability and standardization; and promote large-scale implementation and localized delivery for global customers.

Founded in 2016, VisionNav Robotics applies artificial intelligence, environmental perception, deep learning, servo control and other core technologies to industrial vehicles, providing autonomous vehicles and other unmanned solutions for intralogistics applications in factories and warehouses. The company said it has developed nine series of driverless industrial vehicles and robot control systems.

Since its last funding round, the company said it accelerated its globalization, and set up marketing centers in more than 30 countries and regions, delivering more than 350 projects and 1,500-plus autonomous forklifts and unmanned tractors. Markets include automotive parts, petrochemicals, tobacco, food, pharmaceuticals, 3C electronics manufacturing, e-commerce logistics, third-party logistics, textiles, printing and paper-making. More than 70% are projects that include complex scenarios and rigid demands, VisionNav said.

Breakthrough technologies of the company include developing a 9.4-meter high rack storage system, 2-meter narrow aisle access, unmanned loading and unloading, multi-layer mobile material frame stacking, among others.

Li Luyang, CEO of VisionNav Robotics, said that under the backdrop of an uncertain international situation and the ongoing pandemic, the robotics industry has ushered in a year of challenge, and is now moving towards a large-scale and standardized delivery stage. Li said the company has seen 10-fold growth in sales between 2019 and 2021, with an estimated surge of 300% in 2022, with an average order amount increasing by 350%.

For more details on the company and its technologies, visit the VisionNav Robotics website here.

Robotics World News

  • Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Scythe Robotics Raises $42M for Commercial Autonomous Mower

    Colorado-based Scythe Robotics, which develops advanced commercial-grade autonomous systems for professional landscapers, has announced it raised $42 million in Series B funding. The company said it will use the funding to help meet demand for more than 7,500 reservations for its fully electric, fully autonomous M.52 mower. With the latest financing, Scythe Robotics has raised… Read More…

  • Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Seed Group and Ryberg Partner to Bring AI-Assisted Disinfection Technology to the Middle East

    Netherlands-based Ryberg combines the latest in computer vision, robotics, and infection prevention-technologies to deliver intelligence and efficiency in disinfection. Ryberg has developed Disinfection Robots, which are self-driving disinfection machines. Ryberg’s patented Disinfection Engine makes intelligent disinfection decisions, allowing the robots to disinfect spaces for up to 6 hours—to bring a layer of defense in the… Read More…

Products for Robots & Cobots