PR91761

SHENZHEN, China, Sept. 18, 2021/PRNewswire=KYODO JBN/--

- The funding will help the company boost its product fleet through

technological upgrades, expanding its global operation networks, optimizing its

supply chain management and corporate structure as well as talent.

HAI ROBOTICS( https://www.hairobotics.com/en/home/index ), a Chinese warehouse

robotics startup pioneering in autonomous case-handling robotics (ACR) system,

announced that it has secured two new continuous rounds of financing, garnering

US$200-odd million in total to be invested in boosting its robot fleet with

technological upgrades, expanding its global operation networks, optimizing its

supply chain management and corporate structure as well as talent.

The C round funding was led by 5Y Capital with participation from Sequoia

Capital China, Source Code Capital, VMS, Walden International and Scheme

Capital. The D round funding, the third capital infusion for the company in

2021, was led by Capital Today with some existing investors, including Sequoia

Capital China, 5Y Capital, Source Code Capital, Legend Star, and 01VC. Earlier

in March, the company announced B+ round funding of US$15 million. The fast

funding pace may offer a glimpse of the market's appraisal for its products,

technological strength and services.

HAI ROBOTICS launched the world's first ACR system--HAIPICK(TM) in 2015. The

HAIPICK(TM) robots can pick and place totes or cartons on storage shelves up to

5 to 7 meters high and are able to carry up to 8 loads to continuously feed

goods-to-person picking stations.

The HAIPICK(TM) robot has stood out from similar mobile robots with the ability

to carry cartons as well as individual totes and to bring multiple cases to

pickers or conveyors in one movement. It can help realize warehouse automation

in just a week, increase storage density by 80-130%, and improve staffs' work

efficiency by 3-4 times.

The global supply chain and warehousing logistics market in the past years has

seen a surge of automation transformation. As per LogisticsIQ(TM) market

report, the warehouse automation market is expected to worth US$30 billion by

2026, at a CAGR of 14% since 2019.

The HAIPICK(TM) system waded its way first through shoes and apparel projects

in the wave of warehousing automation. So far, the company has been running

over 200 projects around the globe with more than 2,000 ACR robots deployed,

accounting for 90% share in the ACR robot market. It has paired up with dozens

of global logistics and supply chain leaders, including LG CNS, MHS, MUJIN,

BPS, Savoye, to name only a few.

"Our major future orientation will center on expanding the overseas market and

localize our service," said Richie Chen, the company's cofounder and CEO.

HAI ROBOTICS thinks it has an edge over its overseas counterparts in many

aspects, including project cost, technology and customization capability, in

that it has matured when catering to the various demands in the dynamic Chinese

market.

Speaking of the company's future plans, Richie Chen said that the company will

continue to pursue technological innovation as the primary driver for growth,

and continuously create values for customers.

Guo Shanshan, a partner of Sequoia Capital China, said that HAI ROBOTICS has

made itself an exemplar in the logistics sector with its ACR system. "The

case-handling robot is riding on the market trend that shifts towards smaller

workflows, such as from pallet-picking to totes-picking. We're very pleased to

see the company's fast growth with good innovation," he said.

About HAI ROBOTICS

HAI ROBOTICS, a trailblazer of autonomous case-handling (ACR) system, is

committed to providing efficient, intelligent, flexible, and customized

warehouse automation solutions through robotics technology and AI algorithms.

It aims to create value for each factory and logistics warehouse.

The HAIPICK(TM) ACR system, independently developed in 2015, is the world's

first of its kind. The company has a yearly turnout of 10,000 robots with a

18,000 sqm factory in Dongguan, China.

Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up

five subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the

Netherlands, serving customers from more than 30 countries and regions. It now

has over 1,000 staff, more than 50% of which are engineers. The company has

acquired more than 400 global patents for core intellectual properties

involving positioning, robot control and warehouse management.  

SOURCE: HAI ROBOTICS

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=401137

   Caption: HAI ROBOTICS product family

   Link: http://asianetnews.net/view-attachment?attach-id=401139

   Caption: HAIPICK(TM) Robots in operation at Booktopia’s distribution center in Lidcombe,

NSW