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The M5 robots can carry totes across warehouses for order picking. | Source: Quicktron Robotics
Quicktron Intelligent Technology Co. last month said it has raised more than $100 million in a Series D funding round. The mobile robot provider said it plans to use the funds to expand its global market share and continue to enhance its products and user experience.
“As global demand for intelligent warehousing and logistics solutions continues to grow, Quicktron will fully utilize the funds from this financing to strengthen its presence in key overseas markets and enhance its global service capabilities,” stated Yang Wei, founder and CEO of Quicktron Robotics. “We will continue to drive technological innovation, tailoring our solutions to local customer needs, providing highly customized intelligent solutions, and reinforcing Quicktron’s leading position in the global smart logistics industry.”
The company said its dense storage plus goods-to-person picking model combines bin robots with transport systems to address inefficiency in manual operations for split picking, SKU returns, and high inbound and outfound flows. Quicktron said it “aims to become a global leader in hybrid on-site logistics automation, providing more efficient and precise logistics automation systems.”
The Shanghai-based company claimed that it brings strong technical capabilities and extensive project experience to industries such as e-commerce, manufacturing, retail, and third-party logistics (3PL).
Mobile robots are deployed worldwide
Founded in 2014, Quicktron has deployed its autonomous mobile robots (AMRs) in Europe, South America, North America, Japan, South Korea, Australia, and Southeast Asia. It offers three series of AMRs, the first being its M-Series.
The M-Series AMRs slide underneath totes and racks and lift them off the ground to transport them across warehouses. The line includes four robots with payloads ranging from 50 to 1,500 kg (110.2 to 3,306.9 lb.).
Next, the company’s C-Series AMRs are picking robots optimized for storage and retrieval tasks. These tall robots can reach high shelves to grab individual totes.
Finally, the F-Series is Quicktron’s line of automated forklifts.
Quicktron expands on plans for its funding
Quicktron said its first goal following its successful funding round is to expand globally. The company said it will intensify its overseas market expansion, accelerating the promotion of its solutions globally.
Quicktron plans to grow its overseas teams and deepen cooperation with local partners to better understand regional customer needs and offer customized services to meet global market demands.
“In the context of a globalized economy, this successful financing will significantly accelerate Quicktron Robotics’ global market expansion,” said Xie Xuan, partner and chief financial officer of Quicktron Robotics.
“The capital support is not only recognition and trust in our team, but also a strong backing for the company’s growth amid a complex international trade environment,” she added. “We are excited to work with all investors to usher in a new chapter for Quicktron Robotics.”
Secondly, Quicktron aims to push product innovation and enhance user experience. The company said it will continue to optimize its products, improving stability and user experience.
Additional resources will be allocated to collecting and analyzing user feedback to ensure the products meet real-world usage scenarios while offering more personalized and intelligent services.
Golden Oriole Capital, FarGlory Group, the Wuxi Liangxi Technology Innovation Fund, and the Weifang Yuanfei Industrial Fund co-led the round.