SHENZHEN, China--(BUSINESS WIRE)--Recently, VisionNav Robotics has completed the B1 round financing with aggregate amount up to RMB100.00 million, which was led by Lenovo Capital and followed by Flyfot Ventures together with the old shareholder Eastern Bell Capital.
The new capital shall be used for continuous R&D of improving the existing visual control and perception technology, breakthrough of demanding scenes application, and business scale up.
Since its establishment in 2016, VisionNav Robotics has turned out to be a leading innovator and solution provider of vision guided forklifts as it succeeds in incorporating visual control, perception and 5G technology into industrial vehicles, and launching flexible, intelligent, reusable and cost-effective material handling solutions in different logistic links.
Automatic warehousing, which gaining more and more demands in recent years, may be achieved in the following two solutions:
The first solution is to “shorten time by expanding space”, rebuilding warehouses by adding “good-to-person” robots, AMRs and AS/RS systems, as “Asia No. 1” of JD.com and “Cloud Warehouse” of Suning Logistics provides a good case in point. Such practice, however, takes tremendous cost at the early stage, and requires dramatic change in existing warehousing environment, indicating poor system flexibility.
The second solution is to “improve equipment intellectualization” represented by visual-base robotic arms and automated guided vehicles. It is a more agile and flexible way without touching the original warehouse settings as users give priority to the processing of complicated tasks, operation efficiency and payback period when designing automatic warehouses.
Currently, VisionNav Robotics, mainly provides automated guided forklifts (increment market) and industrial vehicles transformation services (stock market), along with central dispatching system for multilevel system integration and location detection system for multi-object identification in intralogistics (i.e. automobile, 3C, food and drug) and warehouse logistics (i.e. e-commerce, retail, 3PL and aviation). Up to now, VisionNav Robotics has reached cooperation with over ten leading industry enterprises of Fortune Global 500, and deploy solutions in over 50 project sites.
According to LI Luyang, CEO of VisionNav Robotics, in the future, more efforts will be made to expedite solution commercialization nationwide, and to deploy more robots in overseas market, which shall center on Hong Kong of China, radiate Southeast Asia, East Asia and Middle East, and finally reach Europe and America.