Shanghai-based Bangbang Robot Co., Ltd, a developer of assisted mobility technology, has raised nearly RMB 100 million ($14.9 million) in a Series B financing round co-led by Lake Bleu Capital and BioTrack Capital, with participation from 01VC and Long Hill Capital. The funds will support manufacturing, installation of its products, and overseas market expansion.
Funding Round Details
The Series B round, which closed recently, highlights investor confidence in Bangbang’s mobility solutions. The proceeds will accelerate production of its existing and upcoming assisted travel robot products.
Company Background
Founded in 2016, Bangbang Robot specializes in robot intelligent network systems and remote rehabilitation services. The firm currently markets two intelligent assisted travel robots, with additional products in development.
Future Plans
The company aims to leverage the funding to enhance its product lineup and establish a stronger presence in international markets, building on its existing technological platforms.-Fineline Info & Tech
