KUALA LUMPUR, June 22 -- VisionNav Robotics has completed the B1 round financing with aggregate amount up to RMB100 million, led by Lenovo Capital and followed by Flyfot Ventures together with old shareholder, Eastern Bell Capital. (RMB100 = RM60.38)
According to a statement, the capital raised this time shall be applied for the continuous R&D of improving the existing visual control and perception technology, breakthrough of demanding scenes application and business scale up.
VisionNav Robotics chief executive officer, LI Luyang said in the future, more efforts would be made to expedite solution commercialisation nationwide, to improve the permeability ratio of automated industrial vehicles in rigid scenarios and deploy more robots in overseas market.
Since its establishment in 2016, VisionNav Robotics has turned out to be a leading innovator and solution provider of vision guided forklifts as it always focuses on the R&D and application of visual-based driverless technology.
The company also succeeds in incorporating visual control, perception and 5G technology into industrial vehicles, and launching flexible, intelligent, reusable and cost-effective material handling solutions in logistic links such as loading, unloading, storage and distribution.
Currently, VisionNav Robotics, possessing extremely sophisticated automatic warehouse solutions, mainly provides its end-customers with automated guided forklifts (increment market) and industrial vehicle transformation services (stock market).
VisionNav Robotics products are frequently used in intralogistics and warehouse logistics. To date, the company has reached cooperation with over 10 leading industry enterprises of Fortune Global 500, and deploy solutions in over 50 project sites.
-- BERNAMA
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