Pudu Robotics, a Shenzen, China-based commercial service robot’s company, completed an approx. $78 million in C2-series financing.
The joint investment was led by Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China. The funding followed the C1 series of $78m raised in May and the combination of C1 and C2 has raised nearly $155 million in total.
The C2 round funds will be utilized for R&D development, new product development, new site launches, and expansion of the company’s global network.
Company: Shenzhen Pudu Technology Co., Ltd
Round: Series C2
Funding Month: September 2021
Lead Investors: Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China
Company Website: https://www.pudurobotics.com/
Software Category: Autonomous delivery robots
About Company: Founded in 2016 by Felix Zhang, Pudu Robotics is a tech-focused enterprise dedicated to the design, R&D, production, and sales of commercial service robots, which aims to use robots to improve the efficiency of human production and living. Its products include smart delivery robot PuduBot, premium delivery robot BellaBot, a delivery robot with paging and notification features HolaBot, disinfection robot Puductor 2, delivery and reception robot KettyBot, and building delivery robot FlashBot. The robots are widely applied in restaurants, hotels, supermarkets, government offices, airports, high-speed train stations, and hospitals. The company has achieved total cumulative sales of several tens of thousands of units, with footprints covering more than 60 countries and regions worldwide. PuduTech uses artificial intelligence to build autonomous delivery robots for the home care, food service, and catering industries.