Standard Robots aims to use driverless, robotics and AI technologies to create efficient and flexible logistics solutions to help manufacturing companies improve productivity.
(Image credit: Nio Capital)
An Nio Capital-backed startup focused on the development and production of industrial mobile robots has recently closed a new funding round.
Standard Robots closed a Series C round of funding in the amount of hundreds of millions of RMB, according to a press release issued by Nio Capital on WeChat yesterday, without disclosing the exact amount or investors.
The startup's founder and CEO, Wang Yongkun, said Standard Robots will continue to develop core robotics technologies to lead the transformation of flexible production in the manufacturing industry.
Founded in 2015, Standard Robots aims to use driverless, robotics and artificial intelligence technologies to create efficient and flexible logistics solutions to help manufacturing companies improve production efficiency.
Standard Robots has shipped more than 5,000 units in total and has over 20 million hours of service in the manufacturing industry, according to the press release.
Its global business has covered more than 10 countries and regions, including Japan and the United States, serving more than 100 customers.
The company has standardized products including Autonomous Mobile Robot (AMR) and unmanned forklift, as well as the RIOT intelligent factory logistics operation and maintenance platform that integrates intelligent logistics, cluster scheduling and digital twin features.
On January 4 last year, Standard Robots announced the completion of a Pre-C round of funding of several hundred million RMB, led by Broad Vision Funds and followed by Nio Capital.
Nio Capital joins Pre-C round of funding for industrial robot maker Standard Robots
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