The 76m Series Miituan From China VisionNav Robotics
Shenzhen-based VisionNav Robotics is said to be the latest industrial robotics manufacturer to get funding. It has raised 500 million yuan (about $76 million) in a Series C extension round led by Chinese food delivery giant Meituan and 5Y Capital, with existing investors including IDG, ByteDance and Xiaomi founder Lei Jun’s Shunwei Capital also participating.
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Shenzhen-based industrial robotics startup VisionNav Robotics has secured 500 million yuan in a Series C+ extension round led by Chinese delivery giant Meituan and VC firm 5Y Capital. Its existing investors IDG, ByteDance and Xiaomi founder Lei Jun’s Shunwei Capital also participated in the round.
The new funding will help the company expand into other use cases, including stacking and loading. The company aims to build an ecosystem around unmanned intralogistics and improve supply chain integration, CEO Li Luyang told TechCrunch.
Founded in 2016, the company has developed nine series of driverless industrial vehicles and robot control systems. It applies artificial intelligence, environmental perception, deep learning, servo control and other core technologies to its products. It has successfully delivered more than 350 projects, more than 1,500 autonomous forklifts and tractors, covering auto parts, tires, petrochemicals, tobacco, food, pharmaceuticals, 3C electronics manufacturing, e-commerce logistics, third-party logistics, textiles, printing, and papermaking among other industries.
These robots can be used for different types of tasks, such as unloading, storage and stacking, and they can also assist humans to carry loads safely and efficiently. These can also help reduce the amount of human error, which can save time and money for companies.
The company’s driverless industrial vehicles have a proven cost advantage over traditional forklifts, according to VisionNav’s president and CEO, Li Luyang. Moreover, it claims that the firm has established partnerships with in excess of fifty Fortune 500 companies.
In terms of the technology, the company said it has applied industry-leading robot sensing, control, positioning and scheduling to its vehicle technology, enabling it to cover all scenarios of intralogistics. These include 9.4-m high rack storage, 2-m narrow aisle access, unmanned loading and unloading, multi-layer mobile material frame stacking and other complex scenario applications.
It has made breakthroughs in the automation of these functions, which are important for warehouses and factories. Its products are suitable for a wide range of applications, and they can be customized to meet the requirements of customers.
With this latest funding, VisionNav plans to continue its research and development of new products and optimize product performance, as well as promote large-scale implementation and located delivery for global customers. The company is also expanding into other use cases, such as stacking and loading, which will require new training and updates to its software algorithms.
The 76m series meituan from china visionnav robotics exemplifies the state of the art in automated guided vehicles, or AGVs for short. The company nabbed 500 million yuan ($76M) in its latest round of funding, led by Chinese delivery behemoth Meituan and venture capital firm 5Y Capital. It’s been a busy year for the Shenzhen, China-based start-up. It has expanded its operations into new geographies and launched a new product line, including a smart AGV system.
The 76m series meituan is a top notch vehicle, boasting some of the best safety features in the industry. It has a high-resolution camera, advanced radar and laser technology, and the ability to detect objects up to 20 meters away. It is also equipped with a sophisticated control system and a user interface that can be customized to the individual needs of each customer. The company has a large and growing customer base, with projects spread across the globe. For example, its products are being used by auto parts manufacturers in the USA and Europe to name a few.
Shenzhen-based automation company VisionNav Robotics, which specializes in autonomous forklifts and other industrial robots, has landed 500 million yuan (around $76 million) in a Series C extension round led by Chinese delivery giant Meituan and venture firm 5Y Capital. It also secured participation from existing investors IDG, ByteDance and Xiaomi founder Lei Jun’s Shunwei Capital.
Founded in 2016, VisionNav Robotics is committed to applying artificial intelligence, environmental perception, deep learning, servo control and other core technologies to vehicles for factories and warehouses. It has developed nine series of driverless industrial vehicles and robot control systems.
Its automated guided vehicle (AGV) technology utilizes 5G networks, AI&machine learning, environmental perception, deep learning and servo control to offer reliable performance without human intervention. Its products include a stacking vehicle that can perform 9m pallet storage, narrow-aisle operations, automated truck loading and multi-layer mobile material frame stacking.
With the introduction of new technology, automation has become one of the fastest-growing sectors in China. In terms of logistics, companies are looking to automate processes as they can save money and improve efficiency.
The latest development in the field is china visionnav robotics 76m series meituan, which aims to provide fully autonomous forklifts and other robotic devices. It has a team of 400 people and is planning to hire 1,000 employees this year.
VisionNav claims that its stacking vehicle can improve the storage capacity of warehouses and decrease their operating cost. It also aims to reduce the number of employees on the production floor, and increase their productivity by eliminating repetitive tasks such as picking or weighing goods.
Powered by AI&machine learning, environmental perception, and deep learning, VisionNav’s stacking vehicle has multiple sensors to collect data on the status of the goods being handled. This information is then sent to the operator via an integrated dashboard that shows real-time results.
According to VisionNav’s CEO Li Luyang, the industry is weathering a year of challenges – including the COVID-19 pandemic and uncertain international relations. As a result, VisionNav has built an ecosystem around unmanned intralogistics, improved supply chain integration, and expanded its operational capacity to be competitive. Its latest funding round will help the company expand its portfolio, promote large-scale implementation and localized delivery to global customers.
Material handling robot
In the industrial industry, there are many kinds of material handling robots that are available for different industries. These robots are made using the best technology, which allows them to do their work efficiently without any mistakes. This is the reason why these robots are used in many industries around the world.
These material handling robots are used to transport and lift heavyweight loads, which can be very difficult for humans to do. They can also help industries to avoid any kind of accidents that can occur when people are doing this task on their own.
The materials handling robot offered by china visionnav robotics 76m series meituan is designed to improve the working environment of any company and boost their productivity. These robots are used to perform various tasks in industries and factories, such as sorting, packaging, etc. They can also be used to reduce the costs of logistics.
According to China Business Insights, the material handling robot market is expected to grow at a CAGR of 5.1% from 2017 to 2021. The market is mainly driven by the growth in manufacturing automation and increasing demand for material handling and transportation solutions.
For example, Meituan, a leading Chinese e-commerce services platform, is now testing driverless delivery vehicles on public roads in Beijing. These robots are powered by machine-learning algorithms and a package of hardware, including Lidar, radar, and cameras.
This is the first time Meituan is testing its delivery robots on public roads. The start-up is focusing on last-mile deliveries and hopes it can alleviate human workforce shortages.
Meituan’s automated delivery vehicles are priced at RMB 100,000 ($14,220) each and travel at a speed of 20 kilometers per hour. This is a huge leap from the traditional manual deliveries that take hours to complete.
Another advantage of these robots is that they can perform any task precisely and independently, which makes them the perfect choice for industries that require precise and accurate work. This is important as it helps to improve productivity and enhances the quality of their products.
These robots can be used in a variety of industries, including construction and automotive. They are also used to lift and carry heavyweight loads, which can be extremely dangerous for humans to do on their own.