Jingwu Robotics, a commercial robot developer, bagged tens of millions of CNY from Series A+ financing round, led by Sino Pacific Capital.
Jingwu Robotics(Chinese:景吾智能), a commercial robot developer, bagged tens of millions of CNY from Series A+ financing round, led by Sino Pacific Capital.
Founded in 2019, the founding team of Jingwu Robotics has 17 years of research and development experience in robotics. It has been supported by local investment institutions such as Shenzhen Venture Capital Sosford Fund and Oriental Fortune Capital. Jingwu Robotics has two product lines: delivery service robots and cleaning robots.
The funds will be used for the research and development iterations of Jingwu Robotics' commercial cleaning products and to accelerate overseas business expansion.
According to the report by Qianzhan Intelligence, the market scale of commercial cleaning robots in China reached about CNY 380 million in 2019 and is expected to reach CNY 3 billion in 2025.
The project leader of Sino Pacific Capital said that Jingwu Robotics is the pioneer of intelligent robots in commercial cleaning with years of technology accumulation. It is very forward-looking about the future layout of the business and has the potential to become a leader in this field.
Based on the technical accumulation of hotel delivery robots in the past, Jingwu Robotics better understands the small area, multi-floor commercial cleaning application scenario. In the future, Jingwu Robotics will train the AI algorithm model to extend to the broader cleaning field.
Jingwu Robotics's international competitors include Avidbots(Canada) and Brain Corp(US), and domestic ones include Ecovacs(603486.SH, Chinese:科沃斯), Narwal(Chinese:云鲸), and Vorwerk(Chinese:福维克).