Leading Autonomous Mobile Robot Company Quicktron Completes C+ Funding Led by KION Group and Prosperity7 Ventures for Technology to Free Human Beings from Manual Handling

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SHANGHAI, Jan. 11, 2021 /PRNewswire=KYODO JBN/ --

Leading Chinese  Autonomous Mobile Robot (AMR) manufacturer and AI research

hub, Quicktron Intelligent Technology Co., Ltd ("Quicktron"), has recently

completed a new financing round. The C+ round funding was led by KION Group,

one of the world's leading providers of industrial trucks and supply chain

solutions, Prosperity7 Ventures, the diversified growth fund of Aramco Ventures

as well as multiple renowned investment institutions in China. All proceeds

will go towards global market expansion and further technical development,

furthering the company's mission to free human beings from manual handling.

https://mma.prnewswire.com/media/1417847/Quicktron_s_Full_Product_Portfolio.jpg

Underpinning the successful financing is impressive growth numbers from

Quicktron in recent years. Operating income from 2017 to 2019 increased nearly

tenfold and the total volume of orders in 2020 is expected to be more than 300

percent that of 2019. Reports have also been made public that Quicktron will be

launching a sci-tech innovation board listing plan next year, gearing the

company up to be the first listed  AMR stock.

As a pioneer in the AMR industry, Wei Yang and Quicktron have witnessed the

development process of the whole space from the outset. Given that the global

penetration rate of AMR is as low as one percent, Wei Yang believes there is

still an untapped industry worth 500 billion CNY. Growth in this sector has

also accelerated as the COVID-19 pandemic has fueled the need to reduce

reliance on manual labor in logistics. This has been particularly prominent in

Europe where e-commerce has been growing rapidly as consumers develop a habit

for online shopping, forcing more and more retailers to make the switch to online.

Technical development in the space is supported by sophisticated technologies

such as 5G and autonomous driving becoming increasingly commonplace. These

tools allow for high performance, low cost, and rapid iteration, making R&D an

absolute priority for companies looking to stay ahead of the competition. For

Quicktron, six years of practical experience working with clients and resources

have allowed them to stay at the forefront of technical innovation. Current

industry offerings either work very well in self-operated warehouses or are

good at system integrations; As a leading manufacturer and solutions provider

of intralogistics AI-powered robots, Quicktron offers industry-standard

products across end-to-end services, with solutions aimed at solving specific

pain points whilst being widely applicable.

In 2020, Quicktron launched its product-level intelligent robotic solution,

Quick Pick, which is currently being used in e-commerce, retail, footwear,

manufacturing, and other industries. The solution is equipped with highly

efficient and stable robots that bear a high storage capacity. It also features

small, lightweight, efficient, flexible, and cost-effective intelligent mobile

handling robots that work well in intensive storage environments where it can

carry and transfer items for on-site operators. This combination effectively

reduces the need for manual operation to achieve high efficiency and

versatility, easing the labor intensity and boosting overall efficiency during

the traffic surge in storage handling, order picking and item return requests.

About Quicktron

Quicktron Intelligent Technology Co., Ltd was founded in Shanghai, China in

2014. By providing various types of AMRs and backstage operating systems for

multiple models, devices and scenes, Quicktron enables enterprise customers to

achieve intelligentization, automation and digitization for their internal

logistics, helping them to reduce costs, increase efficiency and broaden

capability boundaries. The company's vision is use indoor intelligent driving

solutions to free human beings from manual handling.

www.flashhold.com

About KION Group

The KION Group is one of the world's leading providers for industrial trucks

and  supply chain solutions. Its portfolio encompasses industrial trucks, such

as forklift trucks and warehouse equipment, as well as integrated automation

technology and software solutions for the optimization of supply chains,

including all related services. Across more than 100 countries worldwide, the

KION Group's solutions improve the flow of material and information within

factories, warehouses, and distribution centers. The Group, which is included

in the MDAX, is the largest manufacturer of industrial trucks in Europe and the

second largest worldwide in terms of units sold in 2019. It is also a leading

provider of automation technology based on revenue in 2019.

www.kiongroup.com/de/

About Prosperity7 Ventures

Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, a

subsidiary of Aramco, the world's leading integrated energy and chemicals

company. The fund's name derives from 'Prosperity Well', the 7th oil well

drilled in Saudi Arabia and the first to strike oil. Taking forward this

pioneering history, we invest globally, with a long term-view, in breakthrough

technologies and transformational business models that will bring prosperity

and positive impact on a vast scale.  

www.P7VC.com

Source: Quicktron 

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   Caption: Quicktron's Full Product Portfolio