Mobile robot company J-Elephant secures nearly 100 million yuan in angel and pre-A funding – Pandaily

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Beijing mobile robot maker J-Elephant Technology Co., Ltd. announced on Wednesday that it had secured nearly 100 million yuan ($15.2 million) in angel and pre-A funding rounds. The Angel Round included joint contributions from Sequoia China Seed Fund, Legend Star and Sinovation Ventures. The pre-A round saw joint contributions from Linear Capital and Challenjers Venture, and co-investors were existing shareholders Sequoia Capital and Legend Star.

J-Elephant was established in January 2020, incubated by the Artificial Intelligence Engineering Institute of Sinovation Ventures. It is a robot company developing products for smart manufacturing. Lu Feng, founder and CEO of the company, brings 15 years of experience in the field of robotics. He once held senior positions at Alibaba DAMO Academy and the Artificial Intelligence Engineering Institute of Sinovation Ventures, and has led the development of many cutting-edge robotic technologies and products in China and abroad.

J-Elephant has launched three versions of standardized autonomous mobile forklift robots, which can meet customers’ needs for automatic transportation of goods of different sizes. The new funds are mainly for R&D and improving the production capacity of autonomous mobile robots (AMR) for forklifts.

J-Elephant also provides platform-based material handling robots, JMS industrial intelligent digital platforms and integrated intelligent logistics solutions for software and hardware. These could be applied to the entire process of material circulation in manufacturing.

SEE ALSO: Chinese education and entertainment robot company KEYi Technology secures new funding

The company’s new generation of AMR unmanned forklifts have been used by many Fortune 500 companies, primarily for transporting medium to large sized goods, spanning the pharmaceutical, food, semiconductor and other industries. Feng said the company will launch more products in the cold chain industry in the future.

Logistics is an important link in the manufacturing process. During production, about 75% of the time is spent on storage, loading and unloading, and waiting for processing and transportation. In addition, logistics costs account for around 30% of total production costs in the manufacturing sector. Along with smart manufacturing, automation represents the general trend of the future logistics industry.

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