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Chinese logistics robot maker secures new funding

Monday, March 20th, 2017

Geek+, the Chinese logistics robot manufacturer whose clients include Alibaba, has secured $14m in a new funding round.

According to a report published today (20 March) by China Money Network, the funding round was led by Vertex Venture Holdings, a subsidiary of Singapore’s Temasek, with participation from Banyan Capital and Volcanic Stone Investment.

Geek+ makes low-riding warehouse robots that can help to select and transport warehouse shelves and packages.

The company said that hundreds of its robots are already operating in warehouses and e-commerce fulfilment centres in China.

China is now the world’s biggest buyer of industrial robots – having overtaken Japan in 2013 – but the majority of these bots are currently being produced outside China.

Source: China Money Network


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Chinese logistics robot maker secures new funding

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Direct Link specialises in international cross border distribution and returns of e-commerce packages worldwide. Parent company PostNord (the merged Swedish and Danish Post Offices) supports Direct Link with IT expertise, postal connections and international logistics solutions, across the Nordic countries and intercontinentally.


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