YMBot completes Pre-Series A to scale humanoid robot production
Industrial and financial investors back the Taicang robot developer’s next stage of growth.
YMBot has completed a Pre-Series A financing of tens of millions of yuan, according to a July 10 report by Xinhua Daily. Investors include Huaqiang Venture Capital, Keli Sensing, Tengfei Technology, Zhejiang Huaxia Zhihui Nengyuan Group and Taicang City Angel Investment Fund.
The company develops humanoid robots for industrial, cultural, visitor-service and education settings. Its founding team brings aerospace robotics experience to the design of control software and robot hardware.
The financing will support technology development, manufacturing capacity and market expansion as YMBot moves more of its product range into commercial applications.
Use of funds
Develop robot technology
Scale manufacturing and market deployment