Narwal Robotics has raised US$100 million in its latest funding round, led by Tencent Holdings. The company aims to use the funds to develop its first embodied-intelligence household product set to launch in two years.
Narwal Robotics has raised US$100 million in its latest funding round, led by Tencent Holdings. The company aims to use the funds to develop its first embodied-intelligence household product set to launch in two years.
04/15/25, 12:47 AM
Location
shenzhenMoney raised
$100 million
Industry
robotics
manufacturing
Investors
Beijing Robot Industry Development Investment Fund, Tencent Holdings
Chinese household robot brand Narwal Robotics announced on Monday it had secured US$100 million in a new funding round led by Tencent Holdings and the state-backed Beijing Robot Industry Development Investment Fund. The company plans to use the funding primarily to develop its first 'embodied-intelligence product for households', expected to launch in two years. Founder and CEO Zhang Junbin emphasized the innovative nature of their upcoming product. Narwal reported significant revenue growth both domestically and internationally.
Company Info
Location
shenzhen, guangdong province, china
Additional Info
Narwal Robotics is a Chinese company that specializes in household robots, particularly robot vacuums and mops. Established in 2016, it focuses on developing innovative cleaning solutions for households. The company is preparing to launch its first 'embodied-intelligence product' designed to enhance cleaning capabilities. Narwal has experienced significant revenue growth, especially in overseas markets.