Geek+ plans to use the fresh funding to further expand in the global market and invest in research and development.
In June 2020, autonomous vehicles, industrial automation, and mobile robots benefitted from an uptick in funding.
Lavender and Jasmin are being offered worldwide to autonomously disinfect a wide range of spaces amid the ongoing novel coronavirus crisis.
Geekplus Technology said it has closed its Series C investment round, which it said it intends to use to continue its global expansion as a leader in autonomous mobile robots.
Geek+ said its new C200M autonomous mobile robot can use warehouse space more efficiently and reach farther into shelves, with an extended cargo storage range.
Geek+ and Bosch Rexroth, both of which are among the largest suppliers of autonomous mobile robots and drive and control technologies, respectively, are collaborating on logistics robotics.
China-based logistics mobile robot maker Geek+ announced its expansion in the Americas.
In this first part of a two-part look at the China robotics scene, the managing director for Asia at STM Stieler updates his observations by looking at causes for the manufacturing slowdown and discussing robot leaders.
In July 2019, investments in robotics, autonomous vehicles, and drones increased, despite a decline in the number of transactions.
Geek+ has raised more funding as it expands production and sales of its autonomous mobile robots for supply chains.
Geek+ has another $150 million reasons to be thankful. The Beijing, China-based company that specializes in AI-enabled logistics robots completed a $150 million Series B round. The round was led by New York-based Warburg Pincus, a global private equity firm that has invested more than $11 billion in over 100 companies in China since 1994. Volcanics Venture and Vertex Ventures also participated…