Xiaomi's former executive Tang Mu raises hundreds of millions for coffee robot startup, backed by Lin Bin and Li Wanqiang.
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- 36kr.com
The robotics company Yingshi XBOT has successfully secured hundreds of millions in funding through two rounds of financing, with the Series A round raising 200 million yuan from Hong Kong's Jian Kun Capital and the Series B round expected to bring in 300 to 500 million yuan from various government and industry investors. This marks one of the largest investments in the restaurant-focused robotics sector to date. Founded in 2022 by Tang Mu, a former product manager with extensive experience in tech firms like Tencent and Xiaomi, Yingshi XBOT aims to revolutionize the food service industry by deploying robots for tasks such as coffee making in commercial spaces.
The company’s technology is built around a specialized operating system, XOS 3.0, designed for the restaurant sector. This system features a multi-layered architecture that optimizes performance and efficiency while addressing common challenges in the industry. Yingshi XBOT has launched several product lines, including coffee and ice cream robots, which have already been deployed in over 1,000 locations worldwide, producing more than 4 million cups of coffee.
With a focus on commercial applications rather than household or industrial settings, Yingshi XBOT has adopted a "Robot as a Service" (RaaS) model, allowing businesses to benefit from robotic solutions without the burden of ownership. The company has established partnerships with various brands and is exploring international markets, projecting significant revenue growth in the coming years.
Original report
硬氪首发 | 小米前高管唐沐创业咖啡机器人，完成数亿融资，林斌、黎万强投过
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