EqualOcean has been informed that ZS Robotics(Chinese: 智世机器人), a provider of four-direction shuttle robots and new-generation intelligent warehousing solutions, has announced the completion of CNY tens of millions in angel round financing.
Founded in July 2019, ZS Robotics is dedicated to the R&D of warehousing equipment, providing intelligent, efficient, and flexible three-dimensional warehousing solutions. The company's core team has been engaged in the research and development of intelligent warehousing equipment since 2013 and participated in the release of the first intelligent four-direction shuttle in China in 2015. And around the warehousing application scenarios, we have developed a variety of models of four-direction shuttle robot series as well as intelligent software platforms covering management, control, and digital twin.
In recent years, the intelligent warehousing market globally has been in a period of rapid growth in the intelligent transformation, according to Allied Market Research data, 2023-2031, the global warehouse automation market size is expected to grow at a compound annual growth rate of 15.3%, and will reach $57.6 billion in 2031; according to GGII data, it is also expected that in 2025, China's intelligent warehousing market In addition, according to GGII, China's smart warehouse market is expected to reach 225 billion yuan in 2025 and exceed 340 billion yuan in 2028.
ZS Robotics has always insisted on independent innovation and released the first generation of four-direction shuttle robots in 2020. In 2022, ZS Robotics released the first ultra-thin four-direction robot in China, reducing the height of the body to 120 mm, which is now the world's thinnest four-direction shuttle robot. According to the introduction, ZS Robotics has the fastest steering speed, the heaviest load and the thinnest body in the industry, and many other indexes are in the leading position in the industry. Has obtained more than 30 invention patents.
In the brilliant era of warehousing high storage density environment, the advantages of a four-direction shuttle robot are more prominent, can meet the intelligent three-dimensional warehouse storage and pick demand for any cargo space in the three-dimensional space. According to the data released by GGII, China's four-direction shuttle robot shipments in 2022, 10,200 units, the average growth rate in the next three years will reach more than 30%, to 2025 shipments of more than 23,000 units. According to industry forecasts, domestic four-direction shuttle robots and supporting hardware/software will soon reach tens of billions of market size.
Meanwhile, ZS Robotics has formally launched the overseas market expansion program this year, in addition to domestic customers and orders continuing to increase, it will also sell its products to East Asia, Southeast Asia and other regions. In addition, the company expects to complete CE certification in the third quarter of this year, at which time ZS Robotics' four-direction shuttle robots will be sold directly through European agents.
The round of financing was funded exclusively by New Margin Capital (Chinese: 联创永宣), with Canlan Capital (Chinese: 沧澜资本) acting as financial advisor. The funding will be used for product development, market expansion, and team expansion.