Hai Robotics Secures $200M Funding for Warehouse Robots

Hai Robotics Secures $200 Million in Funding

Hai Robotics, a warehouse robotics firm originating in Shenzhen, China, specializing in the development of autonomous case-handling robotic (ACR) systems, has announced a successful fundraising round totaling $200 million.

This capital infusion stems from two concurrent equity financing stages: a Series C and a Series D round, revealed simultaneously.

Funding Details

The Series C funding round was spearheaded by 5Y Capital, with significant contributions from Sequoia Capital China, Source Code Capital, VMS, Walden International, and Scheme Capital.

Subsequently, the Series D round was led by Capital Today, alongside continued investment from existing stakeholders including Sequoia Capital China, 5Y Capital, Source Code Capital, Legend Star, and 01VC.

Strategic Allocation of Funds

These recent investments, following a $15 million Series B+ round concluded in March of this year, will be strategically deployed to enhance the company’s robotic fleet through technological advancements.

Further expansion into the international marketplace, talent acquisition, and strengthening of supply chain operations are also key priorities.

Global Presence and Expansion

Established in 2016, Hai Robotics currently operates five overseas subsidiaries located in Hong Kong SAR, Japan, Singapore, the U.S., and the Netherlands.

The company’s solutions are currently utilized by a diverse international clientele spanning over 30 countries.

This year marked Hai Robotics’ entry into the Australian market, with the deployment of its warehouse robots at Booktopia, Australia’s largest online bookstore, to streamline order fulfillment processes.

Future Outlook

“Our primary focus moving forward will be centered on broadening our reach in overseas markets and tailoring our services to meet local needs,” stated Richie Chen, co-founder and CEO of Hai Robotics.

Core Technology and Innovation

Hai Robotics specializes in the creation of autonomous case-handling (ACR) systems, delivering warehouse automation solutions through the integration of robotics technology and sophisticated AI algorithms for the logistics and warehousing sector.

The company boasts a portfolio of over 400 global patents covering critical areas such as robot control and warehouse management systems.

Market Growth Projections

According to a report by Logistics IQ, the global warehouse automation market is anticipated to reach $30 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 14% from its $15 billion valuation in 2019.

Competitive Landscape

The field of warehouse robotics is witnessing increasing activity from both startups and established technology companies, with industrial applications representing an early and successful domain for robotic implementation.

Notable competitors include Fetch Robotics, NextShift Robotics, and Alog Tech.

Differentiating Factors

Chen emphasized that Hai Robotics distinguishes itself from competitors through factors such as project costs and the extent of customization offered.

The company has successfully completed over 200 projects globally, deploying more than 2,000 ACR robots.

Its ACR system is adaptable to a wide range of industries, including apparel, e-commerce, retail, manufacturing, 3PL, electronics, pharmaceutical, energy, and automotive.

Hai Robotics has established partnerships with leading global logistics and supply chain organizations, such as LG CNS, MUJIN, BPS Global, and Savoye.

HAIPICK A42 and Product Line

In 2015, the company introduced its inaugural ACR system, the HAIPICK A42, designed to pick and place totes and cartons on storage shelves reaching heights of 5-7 meters.

This system is capable of transporting up to nine loads to conveyor systems.

Hai Robotics continues to expand its product line with additional models.

Investor Perspective

“The trend towards smaller workflows, such as the shift from pallet-picking to totes-picking, is driving the demand for case-handling robots,” noted Guo Shanshan, a partner at Sequoia Capital China.

“We are highly encouraged by the company’s rapid growth and its commitment to innovation.”