Mobile Robot Guide

  • Home
  • News
  • Systems / Platforms
    • Autonomous Mobile Robots (AMRs)
    • Automatic Guided Vehicles (AGVs)
    • Autonomous Forklifts
    • Drones / UAVs
    • Other Systems / Platforms
  • Markets / Industries
    • Agriculture
    • Construction & Mining
    • Consumer / Office
    • Defense / Security / Public Safety
    • Education / Research
    • Healthcare / Medical
    • Hospitality / Travel
    • Logistics / Warehouse / Transportation
    • Manufacturing
    • Retail / Wholesale
    • Energy / Utilities
    • Other
  • Applications
    • Move
      • Delivery
      • Intralogistics
    • Perform
      • Disinfecting
      • Telepresence
      • Manipulating
      • Vacuuming
      • Washing
    • Sense
      • Inspection
      • Search
      • Surveillance
      • Surveying
      • Mapping
      • Exploration
    • Other Applications
      • Development
      • Research
  • Resources
    • AMR Glossary
    • FAQ
    • Case Study
    • Find a Vendor
    • What is Robots as a Service
    • Mobile Robot Standards
    • Websites
      • The Robot Report
      • Robotics Business Review
      • Collaborative Robotics Trends
    • Webinars and Digital Events
    • Publications
      • Robotic Solutions for COVID-19
    • Newsletter
  • Events
    • 2021 Robotics Weeks
    • Robotics Summit & Expo
    • RoboBusiness Direct
    • Field Robotics Forum
    • 2022 RBR50 Awards
    • R&D 100
  • Podcast
    • Podcast Archives

Geek Plus Ready to Deploy RaaS with $200M Series C Funding

By Mike Oitzman | June 19, 2020

​Chinese AMR market leader, Geek Plus closes the largest AMR funding round to date with a $200M series C funding round. Founded in 2015, this round brings Geek+’s total funding to $439.4M (USD). While the news is astounding, this was a long series C round which started a year ago in July 2019 with $150M and closes with additional $50M ​today.

C1 was led by GGV Capital, D1 Capital Partners along with Warburg Pincus in Summer 2019, while C2, finalized earlier this year, was led by V Fund, along with Redview Capital and Vertex Ventures.

Yong Zheng, Founder & CEO at Geek+ commented: “We are thankful for the confidence our investors have in the Geek+ vision, strategy and the broad commercial applications of our products. Our robotics solutions already create real and visible business returns for nearly 300 companies worldwide. We are proud of our achievements, confident in our continued growth and the depth of innovation and commercial application still to be explored for logistics robots. We know AMRs to be the future of the global logistics, and are pleased with the investors’ confidence in their market prospects.”

​Geek+ is the world’s largest AMR Company, with over 10,000 robots deployed worldwide, 300 customers and projects in over 20 countries. Global customers include Fortune 500 companies in retail, apparel, ecommerce, manufacturing, automotive, pharmaceutical and 3PL. ​

Geek Plus Receives a Recommended Solution Rating in Disinfection Solutions Buyers Guide

​This spring, Geek+ launched two new disinfection solutions in response to the COVID pandemic. The Geek+ Lavender Robot and the Geek+ ​Jasmin Robot offer UVC Light and biocide spraying options, respectively, for disinfecting facilities. Both solutions are included in the Mobile Robot Guide Disinfection Solutions Buyers Guide, where they received ​a ​Recommend Solution rating in the buyers guide. The disinfection market represents a new venture for Geek+, but the company was able to quickly develop and release the new solutions based on the strength of their core technology.

Geek Plus Lavender Robot Recommended Solution

​Geek Plus was awarded a Recommended Solution Award in the recently published Disinfection Solutions Buyers Guide.

​RaaS Becomes a Key ​Sales Model for Geek Plus Solutions

Geek+ will focus on deploying its CARE strategy: bringing concrete, immediate and long-term value to Customers with efficient, flexible and scalable solutions, developing innovative AI applications to robotics and software in logistics, ramping up Robot-as-a-Service as an accessible business model for businesses and increasing relationships with technology and logistics ecosystem partners to lead the new digital supply chain.

CARE is a four part strategy starting with a Customer focus. Key to Geek+’s engineering direction is investment in the AI technology at the heart of the system. Investment from this series C round will help Geek+ to hire more AI talent in their engineering team, and further push their market leadership. Robots as a Service is the third pillar of the CARE strategy and the final piece of the puzzle may ​consume the biggest chunk with the Eco-system enabling programs which will help Geek+ expand and grow into new markets.

​Yong Zheng, founder and CEO at Geek+ said: “Our vision is to become a global AI robotics leader, to build a smart infrastructure and service network based on robotics technology and strategic partnerships, integrating more and more technology and industrial partners to help customers achieve a digital, agile and intelligent supply chain. To realize this vision, we will steer our growth in four dimensions: customer focus, technology innovation based on AI R&D, business innovation through Robot as a service business model and industry integration with a supply chain ecosystem. The CARE strategy.”

You may also like:

  • an aerial view of images of Chris Anker Sørensen painted on soccer pitch
    Tour du France tribute to Chris Anker Sørensen painted by…
  • Karl Wente receives new Monarch Tractor
    Monarch Tractor denied autonomous permit by Cal/OSHA
  • Melonee Wise Fetch Zebra robots
    Melonee Wise Joins the TAILOS Board of Directors
  • geekplus resink deal
    Geek+ and Reesink Logistic Solutions announce new partnership
  • The Keenon Booth at Automatica 2022
    KEENON Robotics showcases services AMR lineup at Automatica 2022.
  • proteus AMR
    A decade after acquiring Kiva, Amazon unveils its first AMR

Tell Us What You Think! Cancel reply

You must be logged in to post a comment.

Related Articles Read More >

an aerial view of images of Chris Anker Sørensen painted on soccer pitch
Tour du France tribute to Chris Anker Sørensen painted by robot
Karl Wente receives new Monarch Tractor
Monarch Tractor denied autonomous permit by Cal/OSHA
Melonee Wise Fetch Zebra robots
Melonee Wise Joins the TAILOS Board of Directors
geekplus resink deal
Geek+ and Reesink Logistic Solutions announce new partnership

RBR50 Innovation Awards

The Robot Report Listing Database

THE ROBOT REPORT PODCAST

July 1, 2022
Brian Gerkey from Open Robotics discusses the development of ROS

Recent Articles

  • Brian Gerkey on the success of Open Robotics and ROS
  • an aerial view of images of Chris Anker Sørensen painted on soccer pitch Tour du France tribute to Chris Anker Sørensen painted by robot
  • Anders Beck introduces the UR20; California bans autonomous tractors
  • Karl Wente receives new Monarch Tractor Monarch Tractor denied autonomous permit by Cal/OSHA
  • Melonee Wise Fetch Zebra robots Melonee Wise Joins the TAILOS Board of Directors

Latest Robotics News

Subscribe to the Mobile Robot Guide newsletter

Check out our COVID-19 resources page

Subscribe to the Mobile Robot Guide newsletter

Tweets by RoboticTips

Mobile Robot Guide
  • The Robot Report
  • Robotic Business Review
  • Collaborative Robotics
  • Field Robotics Forum
  • Healthcare Robotics
  • Robo Business
  • Robotics Summit & Expo
  • About Us
  • Advertise
  • Contact

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search

  • Home
  • News
  • Systems / Platforms
    • Autonomous Mobile Robots (AMRs)
    • Automatic Guided Vehicles (AGVs)
    • Autonomous Forklifts
    • Drones / UAVs
    • Other Systems / Platforms
  • Markets / Industries
    • Agriculture
    • Construction & Mining
    • Consumer / Office
    • Defense / Security / Public Safety
    • Education / Research
    • Healthcare / Medical
    • Hospitality / Travel
    • Logistics / Warehouse / Transportation
    • Manufacturing
    • Retail / Wholesale
    • Energy / Utilities
    • Other
  • Applications
    • Move
      • Delivery
      • Intralogistics
    • Perform
      • Disinfecting
      • Telepresence
      • Manipulating
      • Vacuuming
      • Washing
    • Sense
      • Inspection
      • Search
      • Surveillance
      • Surveying
      • Mapping
      • Exploration
    • Other Applications
      • Development
      • Research
  • Resources
    • AMR Glossary
    • FAQ
    • Case Study
    • Find a Vendor
    • What is Robots as a Service
    • Mobile Robot Standards
    • Websites
      • The Robot Report
      • Robotics Business Review
      • Collaborative Robotics Trends
    • Webinars and Digital Events
    • Publications
      • Robotic Solutions for COVID-19
    • Newsletter
  • Events
    • 2021 Robotics Weeks
    • Robotics Summit & Expo
    • RoboBusiness Direct
    • Field Robotics Forum
    • 2022 RBR50 Awards
    • R&D 100
  • Podcast
    • Podcast Archives