# Forwardx Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forwardx-robotics

- Industry: Industrial Machinery
- Headquarters: Beijing, China
- Website: www.forwardx.com
- Total disclosed funding: $108M
- Latest round: Series C (Jul 12, 2023)
- Investors on record: 13

## About

Founded in 2016 and based in Beijing, China, Forwardx Robotics, Inc. is a technology company that focused on the application of artificial intelligence to intelligent robots. The company's team over 300 people, including 120 R&D (research and development) engineers. It mainly provides robotic handling and picking solutions for manufacturing and warehousing industries. Forwardx has applied for more than 200 patents. The company's solutions are adopted by many fortune 500 enterprises, including logistics provider SF DHL Supply Chain China, Japan’s apparel retailer ITOCHU and televisions provider TCL. The company has completed 5 rounds of financing.

The company's main products are autonomous mobile robots and intelligent fleet management software. Users can control the flow of goods in the facility and capture and take advantage of performance data at every step of the process through intelligent fleet management software.

The company's revenue comes from sales of autonomous mobile robots. In 2020, the company's orders over RMB 100 million.

## Funding rounds

- Series C, Jul 12, 2023, $28M — Hefei State-Owned Assets Holding, Hefei High-tech Venture Capital, Anhui Guokong Capital Private Equity Fund Management
- Series C, Dec 14, 2021, $31M — Qualcomm Ventures, Taikang Life Insurance, Starlight Capital
- Series B, Apr 2, 2020, $14M — China Merchants Capital
- Series B, Mar 21, 2019, $15M — CDH Investments, BOCOM International Asset Management, Chord Capital, Eastern Bell Capital, Riverhill Fund
- Series A, May 29, 2018, $10M — CDH Investments, Eastern Bell Capital
- Series A, Sep 1, 2017, $10M — CDH Investments, Eastern Bell Capital
- Angel, Jan 1, 2017, $0.4M — AA Investment

## Investors

- AA Investment (https://capitalatlas.ai/funds/aa-investment) — Angel
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series A, Series B
- Eastern Bell Capital — Series A, Series B
- BOCOM International Asset Management (https://capitalatlas.ai/funds/bocom-international-asset-management) — Series B
- Chord Capital — Series B
- Riverhill Fund (https://capitalatlas.ai/funds/riverhill-fund) — Series B
- China Merchants Capital (https://capitalatlas.ai/funds/china-merchants-capital) — Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series C
- Taikang Life Insurance — Series C
- Starlight Capital (https://capitalatlas.ai/funds/starlight-capital) — Series C
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series C
- Hefei High-tech Venture Capital (https://capitalatlas.ai/funds/hefei-high-tech-venture-capital) — Series C
- Anhui Guokong Capital Private Equity Fund Management (https://capitalatlas.ai/funds/anhui-guokong-capital-private-equity-fund-management) — Series C