Pudu Robotics, a Chinese developer of delivery robots, has raised RMB 500 million (USD 78 million) in its Series C financing round.
The funds will be used for robotics technology R&D, product expansion, business development and marketing.
In July 2020, Pudu raised over USD 15 million in Series B financing from Meituan, and later nearly USD 15 million from its Series B+ round in August which was led by Sequoia Capital China and Pudu’s existing shareholders including Meituan and QC Capital.
Pudu features technologies like low-speed autonomous driving, robotics motors and motion control for its product portfolio of delivery and disinfection robots. They can be used in restaurants, hospitals, hotels, schools, office buildings, government premises, Internet cafes, KTV, airports, and metro stations. These products are available in over 50 countries and more than 500 cities. Some of its major clients are Haidilao, Xiabuxiabu, JD.com, Country Garden, InterContinental Hotels and Sheraton Hotels.
According to enterprise information platform Tianyancha, Pudu was established in January 2016. Its legal representative and CEO Mr. Tao Zhang previously founded digital tech media website Leifeng.com and had served as its first Editor and CEO. Later Zhang also founded EZ Robotics and served as CEO and CTO.