Ninebot Raises $100 Million USD for Mobile Robotics and Intelligent Short-Distance Transportation Products

China Renaissance is an exclusive financial adviser in this financing. In a bid to further enhance the deployment of Ninebot's business around the world, this round of financing will be dedicated to mobile robotics and intelligent short-distance transportation solutions.
a year ago

BEIJING, Oct. 24, 2017 /PRNewswire

Ninebot, a leading company in the short-distance electric transportation industry, announced today that it has raised the equivalent of $100 million USD in C-round financing from SDIC Fund Management Company Ltd. and the China Mobile Fund. China Renaissance is an exclusive financial adviser in this financing. In a bid to further enhance the deployment of Ninebot's business around the world, this round of financing will be dedicated to mobile robotics and intelligent short-distance transportation solutions. 

Ninebot has enjoyed rapid growth since its inception in 2012, winning support from investors and shareholders such as Xiaomi, Sequoia Capital, Shunwei Capital, Huashan Capital, Intel, GIC, Haiquan Funds, and many others. In March 2015, Ninebot acquired Segway, the world leader in electric self-balancing transportation. This resulted in the formation of the Segway & Ninebot Group, and enabled the company to become a world leader in intelligent short-distance transportation solutions. Currently, the group boasts leadership in two major business items: personal transportation and Segway Robotics.

"I believe that AI and intelligent robotics will exert profound influence on all aspects of society in the future. This will usher in another round of growth and development" said Lufeng Gao, Founder & CEO of Ninebot. Earlier this year Ninebot unveiled Segway Loomo, a result of Ninebot's devotion to the development of Segway Robotics, at the AUVSI XPONENTIAL 2017 event. Loomo has already become the archetype of the general-purpose robotic service platform. Ninebot will adhere to its mission of "Simply Moving!" by investing more in the R&D of robotics and intelligent short-distance transportation solutions, with the goal of providing more futuristic and technically advanced products to users.

Lufeng Gao said, "We attach great importance to innovations of R&D, talent cultivation, and business operation. In this respect, we have established an independent lab to experiment with new projects and ideas and have also sponsored recruitment advertising worldwide to attract more outstanding talents."

Source: Segway & Ninebot

Illustration Photo: Segway miniPLUS (credit: Segway)


No comments to display.

Related posts

EU Call for Proposals: Multi-use of the marine space, offshore and near-shore: pilot demonstrators

Activities shall develop pilots by involving industrial actors and by integrating the available knowledge, technologies and facilities, in particular capitalising on the results of EU and national projects for the development of multi-use platforms or co-location of different activities in a marine space, and relevant support offshore vessels and autonomous vehicles.
Application Deadline in 2 days
16 hours ago

EU Call for Proposals: The Future of Seas and Oceans Flagship Initiative

Proposals shall address one of the following sub-topics: blue cloud services, or ocean observations and forecasting, or technologies for observations (in 2020). Actions shall demonstrate integration, capacity and (scientific, economic etc) potential.
Application Deadline in 2 days
16 hours ago

EU's Call for Proposals: Modelling international trade in agri-food products

Trade modelling has a long-standing tradition but some issues are notoriously difficult to assess and include in the existing simulation models.
Application Deadline in 2 days

EU Call for Proposals: Circular bio-based business models for rural communities

Based on an established agro-food system, proposals shall consider a variety of additional bio-based processes and end products that could be integrated into the system, and that are viable on a small scale (farm to rural community level).
Application Deadline in 2 days
16 hours ago

The Infant Formula Testing Market is expected grow at a CAGR of 6.9% to reach revenue of $20.26billion by 2023.

Infant formula is one of the emerging markets in food and beverage industry. It is basically used for the infants whose age is below 12 months (preferably).

UNICEF Innovation Fund's Call for Applications: Data science, machine learning, artificial intelligence or similar technology solutions

The UNICEF Innovation Fund is looking to make up to 100K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity. If you’ve got a start-up registered in one of UNICEF’s programme countries and have a working, open source prototype (or you are willing to make it open-source) showing promising results, the UNICEF Innovation Fund is looking for you.
Application Deadline in a month

Etisalat Digital accelerates adoption of Artificial Intelligence and Blockchain in the United Arab Emirates

Etisalat Digital selects four disruptive companies to join Future Now scaleup programme after Dubai Future Accelerators collaboration.

European Venture Investment Reaches All-Time High

Europe's venture capital investment eclipsed €20 billion for the first time ever, according to PitchBook's 4Q 2018 European Venture Report. Despite the 25.9% drop in deal volume year-over-year (YoY), swelling deal sizes and increased interest from nontraditional investors helped drive deal value to the high-water mark.

The African Union Ten Years Aquaculture Action Plan for Africa 2016 - 2025

The prospects for Africa’s aquaculture are enormous. They are defned by the continent’s vast aquatic resources, land mass and climate that are suitable for the production of an array fsh species and essential inputs such as ingredients for feed. Of added advantage, is the fact that most of the world’s important tropical and sub-tropical aquaculture species are native to Africa.

Singapore-based SEEDS Capital appoints seven partners to co-invest in agrifood tech startups

SEEDS Capital, the investment arm of Enterprise Singapore, has appointed seven co-investment partners under Startup SG Equity. This will catalyse more than S$90 million worth of investments to develop Singapore-based startups in the Agrifood tech sector. This was announced by Senior Minister of State for Trade and Industry, Dr Koh Poh Koon, at the opening of Indoor Ag-Con Asia.