GeekWire Announces the Completion of US$100 Million E1 Round of Financing to Accelerate Global Expansion and Promote R&D Innovation

Geek+, a leader in the global logistics robot industry, recently announced the completion of a new round of financing of US$100 million, which was jointly funded by Intel Capital, Xiangfeng Growth Fund and Qingyue Capital, with a post-investment valuation of over US$2 billion. The amount of Jizhijia’s current round of financing is mainly used to accelerate the expansion of the global market and continue to promote the research and development of underlying technologies and innovation of key products. Before this round of financing, Jizhijia completed the D round of financing led by CPE Yuanfeng in early 2021.

In 2021, Jizhijia’s sales orders will exceed 2 billion yuan, and its revenue will exceed 1 billion yuan. In 2022, Jizhijia will continue to maintain strong business growth. In the first half of the year, the order volume has doubled year-on-year. It is expected that this year’s annual performance will maintain an annual growth rate of 100% compared with last year. The business volume and growth rate will continue to lead the logistics robot industry.

Zheng Yong, founder and CEO of Jizhijia, said: “Thanks to the successful implementation of Jizhijia’s global business strategy and the strong explosion of the logistics intelligent market, the company has ushered in rapid business growth in recent years. After the past few years, the business scale With rapid growth, the company has embarked on a successful journey towards profitable commercial sustainability.”

“We are full of confidence in the company’s future development prospects. First, there is a strong demand for robots in the labor-intensive logistics field, and the market space is huge. Bringing a steady stream of driving force to global business development. Coupled with our unique three technology platforms of robots, systems and algorithms, it not only supports GeekWire’s full-category product line layout, but also improves R&D efficiency through technical synergy And reduce the cost of research and development, it will bring more imagination space for the future development of Jizhijia.”

After this round of financing, Jizhijia will continue to follow the established strategy, accelerate the pace of global expansion, and maintain the momentum of business growth. At the same time, on the underlying technology platform of robots and key product solutions, we will further strengthen R&D innovation, build differentiated advantages, and better meet customer needs. By continuously enhancing the competitiveness of enterprises, Jizhijia will better empower global enterprises to realize the intelligent and flexible transformation and upgrading of logistics and supply chains, help the logistics industry to achieve green and sustainable development with high energy efficiency and low carbon emissions, and accelerate the promotion of Global smart logistics revolution.

Wang Tianlin, Managing Director of Intel Capital, said: “As a leading company in the global AMR industry, Jizhijia has always maintained in-depth technical cooperation with Intel, and is one of Intel’s benchmark partners in the field of robotics and robot-based solutions. 1. We hope to further deepen the cooperative relationship between the two parties through this investment. In the future, we will continue to work together with Jizhijia to create industry applications and solutions that combine cloud, edge and end through AMR, and continue to promote industry innovation and intelligent implementation. Modernize infrastructure for smart logistics on a global scale.


▲ Jizhijia full range of logistics robot products

Global market share “three consecutive championships”, overseas development advantages are highlighted

Jizhijia is a world-leading logistics robot company, providing a full range of logistics robot products and full-scene solutions, empowering enterprises to achieve intelligent logistics upgrades. According to the report of Interact Analysis, an authoritative research institution, GeekWire’s global AMR market share has ranked first in the world for three consecutive years.

At present, Jizhijia has served more than 500 major global customers such as Nike, Wal-Mart, Siemens, BMW, Toyota, DHL, etc. Many of them have been repurchasing continuously, and the Jizhijia project has been promoted and applied globally to further drive The strong growth of Jizhijia’s business. At the same time, Geek+ has also established in-depth strategic partnerships with Intel, Microsoft, Bosch Rexroth and other top technology companies in various fields around the world, working together on joint R&D and innovative applications of robotics.

Jizhijia is the first Chinese logistics robot company to successfully go overseas. At present, it has set up regional headquarters in the United States, Europe, Japan, Singapore, South Korea, and Hong Kong, China, and has established a complete local team. It has matured in more than 30 countries around the world. Sales, delivery, service capabilities and rich experience.

With its first-mover advantage, Jizhijia has established strong industry barriers and a moat for international business development in terms of patents, product certification, security requirements, data privacy requirements, professional local teams, and after-sales service systems in overseas markets.

Platform technology breakthroughs and product business collaboration drive long-term development

In addition to its excellent business performance, Jizhijia has always maintained industry-leading innovation since its establishment. The company has submitted more than 950 patent applications worldwide and has obtained more than 400 patent authorizations. Recently, Jizhijia has successively launched its original new generation of all-round goods-to-person picking solutions PopPick and SkyPick on-demand picking innovative solutions, and continues to promote the development of logistics robots and warehousing automation industries with product innovation.

At present, Jizhijia has the most abundant robot product line in the industry, including not only full solution capabilities for storage, picking and sorting in warehousing scenarios, but also industrial handling robots and unmanned forklifts for manufacturing scenarios. In addition, Jizhijia has established the industry’s general robot ontology software and hardware technology platform Matrix and robot cluster management system platform RMS. Matrix includes standardized hardware modules such as the main control, drive and battery management of the robot, as well as navigation that adapts to different scenarios. Software algorithms such as positioning, path planning and environment perception, while RMS provides collaborative management of robots compatible with multiple types and different navigation methods and efficient scheduling of large-scale robot clusters. These two technology platforms enable GeekWire to quickly create high-performance, safe and reliable robot products and solutions, which constitute GeekWire’s continuously enhanced technical competitiveness.


▲ GeekWire’s new generation of all-round goods-to-person picking solution PopPick

Benefiting from the synergy of multiple product portfolios and global business networks, as well as the cost advantage brought about by its economies of scale, GeekWire can provide customers with more professional and comprehensive solutions and reliable operation and maintenance service capabilities. Years of continuous focus on providing customers with optimal solutions has helped Jizhijia win the trust of customers and establish a good reputation and brand. Under the influence of the market Matthew effect, Jizhijia has built more and more powerful business competitiveness.

Looking forward to the future, Zheng Yong emphasized: “Jizhijia’s vision is to become a great global robot company. Starting from the logistics scene, we have created industry-leading logistics robot products to help global enterprises efficiently achieve smart logistics upgrades. With this At the same time, we are also accumulating core robotics technology and system capabilities, building an underlying technology platform, providing a technical foundation for future business extension and corporate vision achievement, thus driving Jizhijia to achieve long-term development.”

About Geek+

Beijing Jizhijia Technology Co., Ltd. is a global leader in logistics robots, ranking first in the global AMR market share for three consecutive years*. Jizhijia provides full-category logistics robot products and full-scene solutions, serving more than 500 major global customers such as Nike, Walmart, Toyota, Siemens, BMW, and SF Express, with a leading commercial scale in the industry.

Jizhijia was established in 2015 and is headquartered in Beijing, China. It has sales, operations and service capabilities in more than 30 countries around the world. With its excellent product technology and business performance, GeekWire has been ranked among the “Top 50 Global Robotics List” by Robotic Business Review in 2019 and 2020, and is the first Chinese logistics robot company to be listed in history.

*Source: Interact Analysis

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