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Qingtianzu, a robot rental platform supported by the Chinese humanoid robot unicorn AgiBot, has successfully secured over CNY100 million (about USD14.5 million) through angel and angel+ funding rounds.
The new investment will primarily fund the development of a standardized nationwide fulfillment service network, enhance platform asset management and scheduling systems, and leverage real-world scenario data to support industry-wide companies, the company announced today.
Key investors in these recent rounds include Broad-Ocean Motor, a supplier of motors for home appliances and new energy vehicles; Minzhuo Electric, a micro motor manufacturer; Yuehua Entertainment, a Chinese entertainment conglomerate; THE Capital, a venture capital fund associated with Tsinghua University; and existing shareholder Dafeng Industry.
Founded in December of last year, the company has completed three rounds of funding so far, including a seed round led by GL Ventures in mid-January.
The CEO indicated that the diverse group of strategic investors acquired during this round will open multiple avenues for business collaboration. Broad-Ocean Motor and Minzhuo Electric will facilitate the scaling of robot deployments in industrial environments, while Yuehua Entertainment aims to promote the use of robots in entertainment venues such as concerts and commercial performances, he explained.
Currently, the platform has processed over 5,500 leasing orders, with more than 3,000 robots ready for deployment. Additionally, the number of registered city partners across the country has surpassed 20,000, the company noted.
As humanoid robot technology and business models advance, China’s robot rental market is projected to grow rapidly this year. Industry forecasts suggest the market will surge from CNY1 billion (USD145.4 million) last year to exceed CNY10 billion (USD1.4 billion).
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