Announced
Completed
Financials
Sources
Tags
Single Bidder
Private Equity
Production Technology Equipment
Friendly
China
Minority
Cross Border
Acquisition
Venture Capital
Completed
autonomous mobile robots
Private
AI technology
Synopsis
Investment firms Intel Capital, Vertex Growth, and Qingyue Capital Investment led a $100m Series E round in Geek+, a provider of autonomous mobile robot technologies. "Thanks to the successful implementation of our global business strategy, the transformative value of our products, and the surge of the smart logistics market, Geek+ is well-positioned to further capture the outsized growth opportunities. Geek+ has passed the stage of simply pursuing scale and is now moving towards the stage of commercial success with profitability and positive cash flow," Yong Zheng, Geek+ Founder and CEO.
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