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CHINA BRIEF | Unmanned storage solution provider VisionNav Robotics scores USD 14 million in Series B1

New funds will be used to develop visual controlling and sensing systems for unmanned vehicles and for business development.

Brief_Investment Brief_Investment

Shenzhen-based VisionNav Robotics has closed its RMB 100 million (USD 14 million) B1 round, led by Lenovo Capital and joined by Flyfot Ventures and Eastern Bell Capital, 36Kr reported on Monday.

New funds will mainly be used to develop visual controlling and sensing systems for unmanned vehicles and for business development.

VisionNav, which was founded in 2016, has rolled out a variety of automated guided vehicles (AGV) that  can be integrated to build unmanned warehouses in sectors including manufacturing and logistics.

E-commerce company JD.com, logistics service provider DHL, and cosmetics vendor Amway are all among VisionNav’s clients, according to the company’s website.

36Kr is KrASIA’s parent company.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.