Shunwei Capital-backed lightweight robot specialist Rokae has received 400 million yuan ($63 million) in a new round of financing exclusively from the Chinese agricultural business major New Hope Group.
The new funding follows its 200 million yuan ($31 million) Series C+ round from Shenzhen Capital Group and Far East Horizon’s sub-fund Grand Flight Investment in May 2021.
In 2018, Shunwei Capital along with GSR Ventures, Plum Ventures, THG Ventures and Nanchang Xinshiji Benture Capital, had invested 160 million yuan ($25 million) in Rokae’s Series B round.
Set up in 2015, Rokae is a developer of next-generation flexible robots that cater to the healthcare and industrial manufacturing sectors. It is targeting to sell over 10,000 robots by the end of this year.
Beijing-based Rokae operates in 12 countries including Germany, France, Russia, Japan and Korea.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from February 7-9, 2022.
