Geek + Completed The E1 Round Of Financing Of US $100 million

On August 8,  Geek + announced that it had completed the E1 round of financing of US $100 million, which was jointly funded by Intel Capital, Xiangfeng Growth Fund, and Qingyue capital. The post-investment valuation exceeded US $2 billion. The financing amount of geek + in this round is mainly used to accelerate the global market expansion, and continue to promote the research and development of underlying technologies and the innovation of key products.

Before this round of financing, Geek + completed the round D financing led by CPE Yuanfeng in early 2021.

In 2021, the sales order volume of Geek + exceeded 2 billion yuan, and the revenue exceeded 1 billion yuan. In 2022, Geek + will continue to maintain strong business growth, and the order volume in the first half of the year will double year on year. It is expected that the annual performance this year will maintain an annual growth rate of 100% compared with last year, and the business volume and growth rate will continue to lead the logistics robot industry.

Zheng Yong, the founder, and CEO of Geek + said: "thanks to the successful implementation of the global business strategy of Geek + and the strong outbreak of the logistics intelligent market, the company has ushered in the rapid growth of its business in recent years. After the rapid growth of its business scale in the past few years, the company has begun to move towards a successful stage of profitable commercial sustainable development."

Geek + full category logistics robot products

Geek + can provide a full range of logistics robot products and full scene solutions. At present, it has served more than 500 global major customers such as Nike, Wal Mart, Siemens, BMW, Toyota and DHL. Many customers have made repeated purchases, and the global promotion and application of Geek + projects have further driven the strong growth of Geek + business. At the same time, Geek + has established deep strategic cooperation with Intel, Microsoft, Bosch Rexroth and other top technology enterprises in various fields in the world, and is jointly committed to the joint research and development and innovative application of robot technology.

Wherein, as one of the investors in this round of financing, Wang Tianlin, managing director of Intel Capital, said: "As a leading enterprise in the global AMR industry, Geek + has always maintained in-depth technical cooperation with Intel, and is one of Intel's benchmark partners in the field of robots and robot based solutions. We hope to further deepen the cooperation between the two sides through this investment. In the future, we will continue to work together with Geek + to create an industry application and solution combining cloud, edge and end through AMR, and continue to promote industrial innovation and intelligent landing, and realize the modernization of intelligent logistics infrastructure in the world."

Geek + is one of the earliest Chinese logistics robot enterprises that successfully went to sea. At present, it has set up regional headquarters in the United States, Europe, Japan, Singapore, South Korea and Hong Kong, China, and has established a complete local team. It has mature sales, delivery and service capabilities and rich experience in more than 30 countries in the world.

Relying on the first mover advantage, Geek + has established strong industry barriers and a moat for international business development in terms of patents, product certification, security requirements, data privacy requirements, professional local teams and after-sales service systems in overseas markets.

Platform technology breakthrough and product business synergy drive long-term development.

Since its establishment, Geek + has submitted more than 950 patent applications and obtained more than 400 patent authorizations worldwide. Recently, Geek + has successively launched its original new generation of all-round goods to people picking scheme poppick and skypick up and down picking innovation scheme, and continued to promote the development of logistics robot and warehousing automation industry with product innovation.

At present, Geek + has a rich robot product line in the industry, including not only the full solution capability for storage, picking and sorting in the storage scenario, but also industrial handling robots and unmanned forklifts facing the manufacturing scenario.

In addition, Geek + has established the industry-wide robot ontology software and hardware technology platform Matrix and the robot cluster management system platform RMS. The Matrix includes standardized hardware modules such as the master control, drive and battery management of the robot, as well as software algorithms such as navigation and positioning, path planning and environmental awareness that adapt to different scenarios. RMS provides cooperative management of robots compatible with multiple types and different navigation modes and efficient scheduling of large-scale robot clusters.

A new generation of all-round goods to people picking scheme poppick of Geek +

Thanks to the unique three technology platforms of robot, system and algorithm, not only supports the realization of the full product line layout of Geek +, but also improves the R & D efficiency and reduces the R & D cost through technical cooperation, bringing more imagination for the future development of Geek +.

With the cooperation of multi product portfolio and global business network, and the cost advantage brought by its scale efficiency, Geek + can provide customers with more professional and comprehensive solutions and reliable operation and maintenance service capabilities.

Looking forward to the future, Zheng Yong stressed: " Geek + ’s vision is to become a great global robot company. Starting from the logistics scene, we have created a logistics robot product that leads the industry and helps global enterprises to efficiently realize intelligent logistics upgrading. At the same time, we are also accumulating core robotics technology and system capabilities, building an underlying technology platform, providing a technical foundation for future business extension and the achievement of enterprise vision, thus driving Geek + to achieve long-term development. "