VisionNav Robotics, a Shenzen, China-based global manufacturer of driverless industrial vehicles, raised a Series C+ round of more than US$80m.
The round was led by Meituan and 5Y Capital.
The company intends to use the funds to:
- Research new technology and innovative forms of product development;
- Optimize product performance, focusing on product stability and standardization;
- Promote large-scale implementation and localized delivery for global customers.
Founded in 2016 and led by Li Luyang, CEO, VisionNav Robotics is committed to applying artificial intelligence (AI), environmental perception, deep learning, servo control, and other core technologies to industrial vehicles, providing autonomous vehicles and flexible unmanned solutions for intralogistics in factories and warehouses. At present, the company has developed nine series of driverless industrial vehicles and robot control systems.
The company has delivered more than 350 projects, more than 1,500 autonomous forklifts and unmanned tractors, covering auto parts, tires, petrochemicals, tobacco, food, pharmaceuticals, 3C electronics manufacturing, e-commerce logistics, third-party logistics, textiles, printing, and papermaking among many others.