Robotphoenix Secures Hundreds of Millions of Yuan in Financing
Industrial robotics and intelligent manufacturing firm Robotphoenix announced on Monday it has collected several hundred million yuan in a Series-D financing round. The leading investor was Primavera Capital Group, while co-investors were existing shareholders THG Ventures and China Broadband Capital, in addition to well-known industrial capital institutions. Beyond Capital served as the exclusive financial adviser.
Robotphoenix, established in 2012, started from parallel connection robots in the industrial robot market, and has grown into a provider of a full range of robots and intelligent manufacturing systems for the light industry after nearly a decade of development.
In 2014, Robotphoenix independently developed BAT Robot, a series of high-speed parallel connection robots. With continuous innovation and investment in R&D, Robotphoenix has gradually developed into a platform company with a full range of products, including parallel robots, SCARA, six-axis robots, coordinate robots, wafer handling robots, robot controllers, vision systems, and so on. It offers one-stop intelligent manufacturing solutions for manufacturers in the light industry, such as 3C, biomedicals, logistics and more.
An unprecedented policy dividend and market opportunity await the industrial robot industry, which Robotphoenix currently occupies.
Regarding national regulation, in December 2021, China’s Ministry of Industry and Information Technology issued the “Robotics Industry Development Plan” as part of the country’s 14th Five-Year Plan. It was proposed that by 2025, China is expected to grow into a global hub for robotics innovation, high-end manufacturing and integrated applications, with the average annual growth rate of robotics industry revenue exceeding 20% and the density of manufacturing robots doubling.
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In terms of the wider market, countless manufacturing companies are now in the process of transforming and upgrading. They either benefit from the concentration of production capacity in China due to the global pandemic, or suffer from difficulties in recruiting and expensive labor due to the loss of the demographic dividend, all of which foster and release urgent demand for industrial robots and intelligent manufacturing solutions.
This is precisely why, despite multiple challenges such as rising raw material prices, global shortage in chips, and tight power supply, China’s overall industrial robot market size reached 256,000 units in 2021, up 49.5% year-on-year from a high baseline in 2020, per MIR DATABANK. The annual average growth of industrial robot production in China reached 31% between 2016 to 2020.