Pudu Robotics: Closes Series C2 Financing; Total Series C To $155M

Pudu Robotics Closes Series C2 Financing; Total Series C To $155M

• Pudu Robotics, a Shenzen, China-based commercial service robots company, completed an approx. $78m C2-series financing
• The joint investment was led by Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings and Sequoia Capital China
• The funding followed the C1 series of $78m raised in May and the combination of C1 and C2 has raised nearly $155 million in total
• The C2 round funds will be utilized for R&D development, new product development, new site launches, and expansion of the company’s global network
• The robots are widely applied in restaurants, hotels, supermarkets, government offices, airports, high-speed train stations, and hospitals
• The company has achieved total cumulative sales of several tens of thousands of units, with footprints covering more than 60 countries and regions worldwide