YouiBot Completes RMB300M Series B Financing


YouiBot, a Shenzhen, China-based maker of an industrial mobile robot, raised RMB300M in two Series B funding rounds.

The two rounds of financing mainly come from the investment of FG Venture and Xicheng Jinrui, followed by the investment of IDG, Pine Venture, SIG, BlueRun Venture, SoftBank and HAX, and TAIHECAP was designated as the exclusive financial advisor. The investment institutions in early period include ZhenFund, C&I Capital, INNO, BOLE and XJTU 1896.

The company intends to use the funds to expand operations, accelerate growth and its business reach.

YouiBot is a mobile robot and solution provider in China, rooted in industrial logistics, intelligent routine inspection and operation & maintenance, specialized in production and operation scenarios of precision electronic manufacturing and energy industry and always keeps its first ranking in semiconductor and power plant.

So far, the software-hardware integrated solution has been applied in semiconductor, 3C, electric power and IDC. In the 36000 m2 Frame factory of a precision electronic manufacturing head enterprise, YouiBot builds an unmanned workshop with 150 mobile robots and YOUI TMS system, realizes automatic upgrading of production and logistics of mobile phone middle frame and improves production efficiency and benefit simultaneously.

So far, the company has become the cooperative partner of many famous brands in domestic and abroad such as LUXSHARE ICT, ASM, CRRC, FAST, China Huaneng, AICC, COMAC and Hitachi, covering 26 provinces and cities, with the products being exported to more than 30 countries like Japan, Korea, Singapore, Spanish and Germany.