The collaborative and industrial robot research and development company ROKAE has raised 500 million yuan ($69.1 million) in a strategic investment round.
According to a release on Sunday, the National Manufacturing Transformation and Upgrading Fund, a state-affiliated investment vehicle, participated in the round. Its objective is to strategically invest in growth- and maturity-stage companies in a variety of industries, including new materials, power equipment, and new generation information technology.
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According to the statement, a fund run by Sinye Capital, a Jinan-registered company that oversees buyout funds, cross-border investments, and state fund-of-funds (FoFs), also joined.
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The Beijing-based company, which was established in 2015, has closed a 400 million yuan ($62.8 million) strategic investment round in February 2022, which was spearheaded by New Hope Group, a significant producer of animal feed and hog breeding in China.
About ROKAE
ROKAE helps equip their customers in industries such as auto parts, electronics, metals, automatic sewing, healthcare, etc. with intelligent technology. ROKAE has grown into a leading player in China’s robotics industry, with business covering a dozen countries across the world, including Germany, France, Russia, Japan, and Korea.
