Passion

Logistics & DistributionSeries BSuzhou, Chinapassioniot.com

Latest round

Series B

Last raised

Feb 2023

Total raised

$16M

Investors

4

About Passion

, Ltd, is a technology company that provides smart warehouse logistics solutions. The company cooperated with China Electronics Corporation Limited(CEC) and the Massachusetts Institute of Technology(MIT), and FOXCONN. The company was awarded the quality, environment and occupational health and safety management system certification, the title of Top Ten System Integrator, and CE certificate. Passion's customers include Aux, Gree, Midea, Foxconn, and Pegatron. Passion provides smart warehouse devices, smart logistic devices, industrial software, and internet of things (IoT) terminals. The smart warehouse devices include box-type material storage devices, semiconductor storage devices, and smart check devices. The products provided by the company can be categorized into four categories which are intelligent storage equipment, intelligent logistics equipment, industrial software and IOT terminals. The smart logistics devices include general automatic guided vehicles (AGV), air logistical vehicles, and smart carrying devices. The company generates revenue by selling its intelligent warehousing and logistics equipment and providing comprehensive solutions to clients in various advanced manufacturing industries. The company will invest in technology R&D, recruit high-end talent, construct intelligent manufacturing bases, and expand its market presence globally, particularly in the semiconductor and renewable energy sectors.

Who invested in Passion

4 investors across 2 rounds

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Funding rounds

  1. Series B

    Feb 13, 2023

    Amount

    Undisclosed

    Investors

    Locked

  2. Series A

    Dec 27, 2021

    Amount

    $16M

    Investors

    Locked

Questions about Passion

Who invested in Passion?

Passion has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Passion raised?

Passion has raised 2 venture rounds. Sign up free to see how much each round raised and the total.

When did Passion last raise money?

Passion's most recent round on record is a Series B, in Feb 2023.

What does Passion do?

, Ltd, is a technology company that provides smart warehouse logistics solutions.

Where is Passion headquartered?

Passion is headquartered in Suzhou, China.

Which VCs invest in companies like Passion?

Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back logistics & distribution companies at Passion's stage. Their profiles are linked below.

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