SHANGHAI :
China's Robot Autonomous Mobile Solution Provider Snags Tens of Millions of Yuan in Funding
Zhang Xia
DATE:  Oct 17 2017
/ SOURCE:  Yicai
China's Robot Autonomous Mobile Solution Provider Snags Tens of Millions of Yuan in Funding China's Robot Autonomous Mobile Solution Provider Snags Tens of Millions of Yuan in Funding

(Yicai Global) Oct. 17 -- Love Eating Radish Robot Technology (Shenzhen) Co. (AICRobo) has secured financing of tens of millions of yuan, which will go primarily to benchmarking customer development, project implementation and brand building, 36 Kr reported on Oct. 17.

Founded in 2015, AICRobo mainly researches and develops general mobile platform and robotic autonomous navigation solutions.

It developed AICANS, an intelligent robot mobile system that has iterated to the second generation, and introduced corresponding hardware devices on this basis. The company is now advancing pilot projects in warehousing logistics, industrial automation and service robotics, among other areas.

Contrary to the common robotic autonomous movement solutions in the market, AICANS is an innovative product in such modules as positioning, perception and obstacle avoidance. By use of multiple sensors and positioning methods, it provides robots with precise perception information about their environment and enables more accurate positioning and obstacle avoidance.

AICRobo expects to implement various projects by the end of this year and establish cooperation with benchmarking customers next year, each of which will purchase nearly 100 devices per year, thus a small quantity of products will be shipped then. Its revenue next year is projected at around CNY50 million to CNY60 million, and may exceed CNY100 million from 2019 to 2020, thanks to its increasingly reliable products and stronger business development.

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Keywords:   Love Eating Radish Robot Technology,Robot,FINANCING,Autonomous Mobile