The food robotics company BOTINKIT (不停科技) has recently completed tens of millions of USD in Series A financing.
BOTINKIT is a food technology startup founded in 2021 and headquartered in Shenzhen, Mainland China. The company is committed to creating the world's first robot-based digital food ecosystem.
According to the data, the global robot market reached USD 33.58 billion in 2021, with a market share of 20% for special robots, 37% for service robots, and 43% for industrial robots. From 2016 to 2021, the average annual growth rate of the entire robot market was 11.5%. Specifically, the global service robot market reached USD 12.52 billion in 2021. Since 2016, the global service robot market has grown at an average annual rate of 23.8%.
BOTINKIT provides end-to-end digital kitchen solutions for leading restaurants and supermarket brands in the global market. At present, the company has successfully expanded its business to cover seven countries and regions around the world and established a complete sales channel and service network. Customers include many Fortune 500 companies, and Lighthouse customers continue to repurchase.
In addition to BOTINKIT, several companies are competing in the food robots market. Representative companies in China include Midea (美的), AICAN (爱餐机器人), Gemside (捷赛), QCOOKER (圈厨), and PUDU (普渡机器人); internationally, Miso Robotics in the United States, SEMIKRON in Germany, FANUC Robotics in Japan, Moley Robotics in the United Kingdom, and EKIM in France are quite powerful.
This round of financing for Non-stop Technology was led by Forebright (光远投资), followed by Pegasus Capital (神骐资本), 5Y Capital (五源资本), Dami Ventures (大米创投) and other institutions. Old shareholders Professor Li Zexiang’s (李泽湘) XBOT PARK (清水湾基金), Professor Gao Bingqiang (高秉强) and his Brizan Fund, and Professor Gan Jie's (甘洁) Zhixing No. 1 Fund (知行一号基金) were oversubscribed. This round of financing will be used for product development, team building, and marketing. Beituo Capital (北拓资本) acts as a long-term exclusive financial advisor.