Found in Robotics News & Content, with a score of 68.84
July 17, 2021
Meituan Inc., which connects shoppers to local products and services, this week said it has received $400 million from Tencent Holdings Ltd. The Beijing-based company said it plans to invest in autonomous vehicles, aerial drones, and other cutting-edge technologies. In April, Meituan raised $10 billion in a stock and convertible bonds sale. The company serves food delivery, ride-sharing, retail, hospitality, and other sectors. It said it serves more than 2,800 counties, districts, and cities in China, and it claimed that it makes more than 40 million orders per day. Tencent was founded in 1998 and provides social media, advertising platforms,…
Found in Robotics News & Content, with a score of 57.03
April 21, 2021
Meituan Inc. yesterday said that it has raised $10 billion, which it plans to invest in research and development of autonomous vehicles, drone delivery services, and other technology innovation. The Beijing-based company describes itself as a “one-stop platform for food, transportation, travel, shopping, and entertainment.” Meituan Select's business model “involves neighbors jointly purchasing groceries in bulk online at discounted prices through a group leader who also manages distribution,” reported Nikkei Asia. Meituan continues testing “In 2016, we began to develop an unmanned delivery service,” Zia Huaxia, chief scientist and head of artificial intelligence at Meituan, told China.org.cn last November. “We…
Found in Robotics News & Content, with a score of 35.77
December 23, 2021
…4 autonomous logistics vehicles. The company has partnered with Meituan, Alibaba DAMO Academy, and Dmall, the on-demand grocery delivery unit of supermarket chain Wumart. Such logistics vehicles are now delivering groceries to residents for Dmall in the district of Shunyi, Beijing and transporting e-commerce parcels at universities for Alibaba in cities such as Wuhan, in Hubei province, and Hangzhou, Zhejiang province. Haomo claimed that its 5,000-sq.-m (53,819.5-sq.-ft.) plant in Baoding, Hebei province, is the biggest of its kind worldwide in terms of production capacity. Great Wall Motor is using Haomo's autonomy technology in vehicles ranging from SUVs to commercial trucks.…
Found in Robotics News & Content, with a score of 27.12
June 08, 2021
…Capital, led Hesai's Series D round. Chinese Internet provider Meituan and smartphone maker Xiaomi and also participated, as did Citic Private Equity (CPE) Funds Management. Other investors included Baidu, Bosch, Huatai International Private Equity Fund, and ON Semiconductor. Baidu and Xiaomi are working with partners on electric vehicles, and Meituan is developing robots for indoor and outdoor deliveries. In addition, existing investors Lightspeed China Partners, Lightspeed Venture Partners, and Qiming Venture partners joined the latest round. “As the core sensor of autonomous driving, lidar directly affects the development speed and level of the autonomous driving industry,” said Huang Liming, partner…
Found in Robotics News & Content, with a score of 25.97
April 14, 2022
…logistics vehicles have started to deliver groceries ordered on Meituan's platform to residents in Xuhui district of Shanghai, which is undergoing a citywide lockdown as of April 1 to fight its worst COVID-19 outbreak yet. Gu added that the company plans to launch HSD, the Haomo Self-Driving fleet, in 2023. Level 4 autonomous delivery vehicle in development. Source: Haomo Fundraising and development continue Bank of China Group Investment Ltd. led Haomo.AI's Series A+ round, with participation by existing investor Shoucheng Holdings Ltd. Past investors include Meituan, Qualcomm Ventures, and GL Ventures. “Haomo is the most promising autonomous driving company in…
Found in Robotics News & Content, with a score of 22.09
September 29, 2021
…the company claimed that it was “one of the world's most funded AI+ industrial robotics startups.” IDG Capital and Meituan led Mech-Mind's Series C1 round, with participation from returning investors Sequoia Capital China and Source Code Capital. Taihecap was an investment bank advisor. Mech-Mind said it serves verticals such as automotive, home appliance, food and beverage, and pharmacy. The company's customers include BMW, DHL, Honeywell, Siemens, and Yaskawa.
Found in Robotics News & Content, with a score of 21.41
April 14, 2021
…led Gaussian Robot's Series B round, with participation from Meituan and Tencent. The company previously announced $22 million in Series B+ financing led by Broad Vision Funds and China Capital Management in September 2020. In 2018, Gaussian Robot reportedly completed Series A financing worth tens of millions of dollars, and it raised $15.4 million in funding a year ago. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 29% to reach $11 billion by 2030, predicts Guidehouse Insights. However, it's too soon to tell what the long-term impact will be of the COVID-19 pandemic…
Found in Robotics News & Content, with a score of 19.54
November 10, 2021
…the facility and interacted through application programming interfaces (APIs). SoftBank among funding leaders Capital Today, SoftBank Vision Fund 2, Meituan, and other investors participated in Gaussian's Series C round. The company did not disclose its current valuation, reported Reuters. In April, Gaussian Robotics raised $100 million in Series B funding. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 22.8%, growing from $8.9 billion in 2021 to $24.8 billion in 2026, estimated Markets and Markets.
Found in Robotics News & Content, with a score of 18.38
February 04, 2022
…Statista. By 2023, the sales value is expected to rise to 61 billion yuan ($9.5 billion). Chinese companies Alibaba, Meituan, and JD.com said they plan to have more than 2,000 courier robots in use this year between them. Check out the slideshow (right) for five robots helping to keep people safe at the 2022 Winter Olympics.
Found in Robotics News & Content, with a score of 17.79
September 24, 2021
…used by organizations such as Square Cabin Hospitals in Thailand and hospital chains in Russia. Funding to support growth Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China jointly led Pudu's Series C2 financing. Taihecap was the independent financial advisor. Pudu Robotics raised $78 million in C1 funding in May and about $77 million in C2 funding. The company said it plans to use its latest investment for research and development, new site launches, and expansion of its global network.
Found in Robotics News & Content, with a score of 15.53
May 19, 2021
…Series C round included Sequoia Capital China and retailer Meituan-Dianping. They had participated in last year's Series B funding of $30 million. Taihe Capital acted as the exclusive financial advisor. “From the demand side, China's labor supply has entered a long-term contraction cycle,” explained Yeyun Ma, vice president of Taihe Capital. “The service industry, as the scene that needs the most manpower, has become the biggest pain point, as it is difficult to recruit, manage, and pay. ... Commercial service robots are the most direct way to solve this pain point.” “From the perspective of the supply side, after five…
Found in Robotics News & Content, with a score of 15.26
December 02, 2021
…in 2027. Other companies working on deliveries with drones, mobile robots, and self-driving cars include Flytrex, DroneUp, Starship Technology, Meituan, and Wayve, among others.
