DEAL STREET ASIA: ZWC Portfolio RobotPlusPlus Raises US$15M in Series B to Accelerate R&D and Expand Global Presence
May 26, 2022

BEIJING, May 20, 2022 — RobotPlusPlus, a leader in aerial work robots, today announced its Series B funding round of US$15 million, bringing it to approximately US$35 million in total investment since its founding in 2017. This latest funding was led by Meituan, China’s leading tech and online retail company, and Fosun, a global innovation-driven consumer group.

ZWC Partners was the lead investor in the Round A financing of RobotPlusPlus in 2021, which raised over US$15 million.

RobotPlusPlus plans to use the new capital to accelerate its R&D timeline and expand its global presence. New robotic offerings will be released for cargo hold cleaning, tank painting, and facade cleaning, in addition to upgrading current products by integrating more autonomous technologies.

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“Our latest round of funding contributes to the positive momentum we have been building over the past year. With a growing market share across our key territories, we look to continue to deliver more transformational results to our current and future clients,” said RobotPlusPlus founder and CEO Hua-yang Xu.

With a mission to “empower humans with robots,” RobotPlusPlus has a portfolio of robotic solutions for crucial industries such as maritime, ship repair, petrochemicals, and power generation. The Company focuses on addressing the need to improve aerial work safety for operators while improving the efficiency of Inspection, Maintenance, and Repair (IMR) solutions and lowering operating costs for asset owners.

About RobotPlusPlus: 

Headquartered in Beijing, RobotPlusPlus is a technology company that builds aerial work robots. It provides cost-effective and environmentally friendly robotic solutions while guaranteeing a safer workplace.