VisionNav Robotics Raises $80m in C+ Round, Leading the Largest Funding in Driverless Industrial Vehicles Field
PR95497
SHENZHEN, China, April 29, 2022 /PRNewswire=KYODO JBN/--
VisionNav Robotics("the Company"), a global manufacturer of driverless
industrial vehicles, announced a C+ round of more than US$80m led by Meituan
(China's leading e-commerce platform for services) and 5Y Capital, making
VisionNav the company with the greatest number of funding rounds and the
biggest single funding in the field of driverless industrial vehicles globally.
VisionNav Robotics stressed that this round of funding will be mainly used to:
- Research new technology and innovative forms of product development;
- Optimize product performance, focusing on product stability and
standardization;
- Promote large-scale implementation and localized delivery for global
customers.
Founded in 2016, VisionNav Robotics is now a leading company of driverless
industrial vehicles. It is committed to applying artificial intelligence (AI),
environmental perception, deep learning, servo control, and other core
technologies to industrial vehicles, providing autonomous vehicles and flexible
unmanned solutions for intralogistics in factories and warehouses. At present,
VisionNav Robotics has developed nine series of driverless industrial vehicles
and robot control systems.
Since the last round of funding, VisionNav Robotics has accelerated its
globalization and set up marketing centers in more than 30 countries and
regions. The Company has successfully delivered more than 350 projects, more
than 1,500 autonomous forklifts and unmanned tractors, covering auto parts,
tires, petrochemicals, tobacco, food, pharmaceuticals, 3C electronics
manufacturing, e-commerce logistics, third-party logistics, textiles, printing,
and papermaking among many others. Over 70% are projects with complex scenarios
and rigid demands, and cooperation has also been established with in excess of
fifty Fortune 500 companies.
Low efficiency, a difficult labor recruitment environment, and a lack of
digitalization have been the main pain points that have plagued the
intralogistics of enterprises for a long time. Driverless industrial vehicles
provide a feasible solution to these pain points, thus forming a potential
market with huge growth. According to World Industrial Trucks Statistics (WITS)
data, global forklift shipments volume reached 1.58 million units in 2020 and
2.34 million units in 2021, an increase of 42.93% over last year. Fortune
Business Insights predicts that the CAGR of global forklift shipments from 2021
to 2028 is about 4.3%. At present, the electrification ratio of global
forklifts has reached 63% (WITS, 2020), and it is expected that 20% will be
autonomous in 2028, with a market size of nearly 100 billion.
VisionNav Robotics places great emphasis on the development and application of
driverless industrial vehicles. Based on industry-leading robot perception,
control, positioning, and scheduling technology, its business has covered all
scenarios of intralogistics, making breakthroughs such as 9.4-meter high rack
storage, 2-meter narrow aisle access, unmanned loading and unloading,
multi-layer mobile material frame stacking and other complex scenario
applications, precipitated a large number of learning scenarios, established
industry feasibility standards, and formed absolute technical barriers.
In terms of its business model, VisionNav Robotics has maintained close
cooperation with key players throughout the business chain, including leading
international suppliers and end customers. Cost advantage has been verified to
stand out in the market. Li Luyang, CEO of VisionNav Robotics, said that under
the backdrop of an uncertain international situation and the ongoing pandemic,
the robot industry has ushered in a year of "challenge" and is moving towards a
stage of large-scale and standardized delivery. VisionNav Robotics has
gradually shaped the ecology around unmanned intralogistics, the integration of
the supply chain has been improved, and the operational capability of the whole
chain has also built a competitive barrier for the company.
According to Li, sales amount witnessed 10-fold growth between 2019 to 2021.
Compared to 2021, it is estimated to surge by 300% in 2022, with average order
amount increasing by 350% and the amount of customer re-purchase order by 300%.
With the entry of new markets and the large-scale delivery in advantageous
scenarios, business scale is promising to increase 5-fold this year.
SOURCE VisionNav
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=419232
Caption: VisionNav
Link: http://asianetnews.net/view-attachment?attach-id=419234
Caption: VisionNav
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。