VisionNav Robotics, the leader of vision guided industrial vehicles
for material handling in China, announced that it has raised 100 million RMB in
Series B1 funding. The round was led by Lenovo Capital, with participation from
Flyfot Ventures and the existing investors Eastern Bell Capital.
The new capital will be used on R&D of visual control and
perception technology, accelerating new product introduction to on-demanding
industrial settings previously scheduled for 2021 and 2020, as well as support
the company’s business growth and market expansion.
Founded in 2016, VisionNav Robotics is one of the forefront
players in vision guided vehicles worldwide. VisionNav’s technology, which
combines visual controls, perceptions and 5G technology into their vehicles,
transforms standard industrial trucks into a new generation of automated facilities
in manufacturing, warehousing and logistics industries known as vision guided
vehicles (VGVs). They resemble standard forklift trucks but working completely
automatically because they come equipped with cameras, AI and sophisticated algorithms
to navigate in dynamic environments and transport goods to and from loading
docks, warehouses, production lines and other industrial settings.
“When considering warehousing automation, customers always seek
for quick deployment, high operation efficiency and short payback period,” said
Li Luyang, CEO and cofounder of VisionNav Robotics. Vision guided vehicle is a
versatile and cost-effective solution for different logistics nodes, such as
logistic parks, logistics warehouses, manufacturing warehouses, workshops,
factories, intralogistics within the airports and habors. “The same vehicle can
do many different jobs such as loading and unloading, picking and put-away, storage
and relocation, reducing initial investment and saving operating and
maintenance cost.”
VisionNav’s solution is not only about the vehicles, although
there are already 5 series of autonomous vehicles including pallet movers,
pallet stackers, reach trucks, towing trucks and combustion trucks. It also
includes robot control system for the integration with multiple-level system,
and goods position detection system for multi-object identification. The
solution helps customers from different industries to manage their process in
multiple dimensions. Many of VisionNav’s customers are from factory logistics
(automobile manufacturing, 3C, food and pharmaceutical, etc.) and warehousing
logistics (e-commerce, retail, 3PL, aviation, etc.), such as Amway, Walmart,
DHL, Cainiao, Gree, etc.
When it comes to company’s future growth, Li Luyang express
his ambition to play on the international stage. “We will take Southeast-Asia
as our first target market, then gradually expand our footprints to Europe and
America. It’s just a massive worldwide market with significant growth.”
http://en.visionnav.cn/show-32-152.html
