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Pudu Robotics doubles its latest funding round with $15M Series B+

pudu_robotics CGIA Institute

China-based indoor delivery robot company Pudu Robotics closed its Series B+ round of approximately US$15 Million earlier this month according to a press statement by the company.

The round of funding was led by Sequoia Capital China with participation from Pudu Robotics’ existing backers Chinese Ecommerce platform Meituan-Dianping, Hong Kong-based Everwin Investment, Chinese real-estate investment manager QC Capital, and Chinese investment management firm Chengbohan Fund.

CEO of Pudu Robotics Zhang Tao states in the press release that the fresh funds will be expended towards initiatives to widen the market for Pudu Robotics which will enable company to scale its delivery robot business as well as other robot business verticals.

Guo Shanshan a Partner at Sequoia Capital China also noted in the statement that Pudu Robotics has a “deep accumulation” in the service robots industry. He praised the company for adding other categories of rebots to its products apart from the ones used in the food industry.

“Robots are a new form of labor and are also the focus of our continued attention,” he noted in the statement.

He continued that “the demand of customers for this type of new labor is constantly growing, and we believe that service robots will soon become standard configuration in many industries.”

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