- Sharebot recently raised hundreds of millions of yuan, pushing its valuation to 7 billion yuan ($1.03 billion).
- The fresh capital will prompt the company to shift its strategy, pivoting its core business toward high-frequency industrial scenarios such as manufacturing and warehousing logistics.
Robot rental platform Sharebot announced that it has recently completed its Series A and Series A+ funding rounds, raising hundreds of millions of yuan in total.
Following the financing, its valuation reached 7 billion yuan ($1.03 billion), officially propelling it into the ranks of unicorn companies, according to a statement on Wednesday.
Backed by the new round of funding, the Shanghai-based startup will shift its business focus to high-frequency industrial scenarios. This marks a departure from its previous reliance on display-oriented applications such as cultural tourism and exhibitions.
The newly raised funds will primarily be used to build its Robot-as-a-Service (RaaS) system and expand applications in the industrial sector.
This will drive the deployment of robots into real-world scenarios closer to the frontline of production, such as manufacturing, industrial park operations, and warehousing logistics, according to the statement.
The main challenge for robot deployment lies in forming a stable and replicable delivery capability, rather than just hardware availability, said CEO Li Yiyan.
Meanwhile, industrial clients value the continuous operation and on-demand dispatching of equipment over short-term display effects, Li added.
Co-founded by Agibot late last year, Sharebot has built its core RaaS platform in less than six months.
The system includes a partner SaaS, a globalized application, and smart dispatching functions to support cross-regional operational scheduling, according to Sharebot.
To support its business expansion, the company has assembled a multidisciplinary team of over 100 people. Its members have deep backgrounds in top domestic platforms, the industrial internet, and robot operations.
The platform currently manages more than 4,000 dispatchable robots, with its service network covering multiple cities across China, according to the statement.
The company just completed its Pre-A funding round in April, backed by investors including Charoen Pokphand Group and MeiG Smart Technology.
With the completion of this financing round, Sharebot plans to upgrade from a simple rental platform to a scaled application service provider. The company is accelerating the commercial deployment of robots across a broader industrial ecosystem.
($1 = 6.7921 yuan)
