# HC Robotics

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

- Industry: Logistics & Distribution
- Headquarters: Hangzhou, China
- Website: www.hcrobots.com
- Total disclosed funding: $15M
- Latest round: Series A (Apr 22, 2021)
- Investors on record: 5

## About

Established in 2016 and based in Hangzhou, China, HC Robotics is a technology company that focuses on the production and sales of automated sorting and storage systems. In 2021, the company raised approximately RMB 100 Series A+ funding from Matrix Partners China.

The company engages in the development of automated sorting and storage systems. Its main products include automatic sorting system named Lightning Bo, automatic storage system named Ferris wheel and named mini Ku. Lightning Bo provides automatic sorting service based on real-time wireless communication protocol. The company's products have been used in e-commerce, express logistics, retail and industrial manufacturing, etc.

The company’s revenue is generated by selling automated sorting and storage systems to customers. In 2020, the company's operating income has reached RB tens of millions. The company's operating income is expected to exceed RMB 100 million in 2021.

## Funding rounds

- Series A, Apr 22, 2021, $15M — MPC
- Series A, Apr 30, 2019 — GLP Capital Partners
- Angel, May 21, 2018 — Liyuan Venture Capital, Jiuwei Fund, Hangzhou Fenghe Asset Management

## Investors

- Liyuan Venture Capital (https://capitalatlas.ai/funds/liyuan-venture-capital) — Angel
- Jiuwei Fund — Angel
- Hangzhou Fenghe Asset Management — Angel
- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series A
- MPC — Series A