ROKAE gains recognition from various funds as it successfully concludes a strategic plus round financing.
Following its strategic round financing in 2022, ROKAE has recently completed a strategic plus round financing exceeding CNY 500 million. This funding round has received joint support from the National Manufacturing Industry Transformation and Upgrading Fund and Zoucheng City's New Kinetic Energy Industrial Investment Fund, with the capital primarily allocated towards market development, international expansion, product upgrades, iterative development, and refined operational management.
In this financing round, ROKAE has garnered substantial support from national and municipal investment institutions, including a leading investment from the National Manufacturing Industry Transformation and Upgrading Fund. This fund is primarily dedicated to strategic investments in industry-leading enterprises in growth and maturity stages across key sectors such as new materials, new-generation information technology, industrial robotics, and the new energy vehicle industry chain. The investment in ROKAE marks the fund's largest capital injection in the field of intelligent manufacturing, reflecting the highest shareholding percentage and signifying a high level of recognition for ROKAE.
Previously, companies such as New Hope Group and Plum Ventures have invested in ROKAE. In 2017, ROKAE secured a Series A funding of CNY 40 million from THG Ventures and Delian Capital. In 2019, it received 160 CNY million in Series B funding led by Shunwei Capital, with joint follow-on investments from GSR Union, THG Ventures, and Plum Ventures. In August 2023, New Hope Group invested CNY 400 million in ROKAE as a strategic investment, primarily aimed at intelligent industrial upgrading scenarios.
Amidst China's economic transition from high-speed growth to high-quality development, "intelligent manufacturing" is increasingly becoming the future trend for the industry. Faced with this transformation, the manufacturing industry must focus on long-term strategic planning, overcoming short-term gains and impatience, a feat that ROKAE has accomplished.
Since its establishment in 2015, ROKAE has consistently focused on the research, development, production, and sale of high-performance robotic products. In terms of research and development, ROKAE maintains high investment and has created the xCore control system platform, shared between industrial and collaborative robots. Additionally, ROKAE has established a research and development center in Tokyo, Japan, importing advanced experiences, concepts, and methods from Japan.
With its superior product quality and service, ROKAE has gradually earned the market's trust in domestic robotic brands, establishing mass applications in mainstream industries. It has contributed thousands of on-site application scenarios in industries such as automotive and automotive components, 3C electronics, general industry, as well as accumulating numerous on-site cases in rehabilitation medicine, commercial, and educational sectors.
While consolidating its domestic market in China, ROKAE is actively expanding into the international market, continuously introducing more high-quality products and solutions to the global stage. Currently, ROKAE's products and solutions are exported to nearly a hundred countries and regions worldwide, spanning five continents, gradually emerging as a significant force in the global robotics landscape.
Furthermore, ROKAE has already possessed full-stack technical capabilities in humanoid robotics motion planning, dynamic control, integrated joints and core components, intelligent vision, and force-sensing technology. It is also deepening cooperation with more leading artificial intelligence research institutions and enterprises, accelerating the realization of true industrial implementation for humanoid robotics.
Regarding the future development blueprint, ROKAE's founder, Tuo Hua, stated, "On one hand, ROKAE will continue to deepen its research and development investment in the underlying core technology and products of robotics, maintaining and expanding the leading edge of domestic robotic technology, swiftly narrowing the gap with top international manufacturers. On the other hand, actively embracing the trend of artificial intelligence, leveraging our advantages in robotics control, force sensing, and visual technology, we will closely collaborate with Harbin Institute of Technology's Robotics Institute to further solidify the achievements in intelligent polishing, intelligent assembly, and teachless welding, continuously expanding the extensive implementation of AI in various vertical application scenarios."