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Chinese smart wheelchair startup secures $14.8m in Series B round

Bang Bang Robotics to allocate funds for overseas expansion, new products

A Bang Bang Robotics smart wheelchair. The startup has so far acquired about 110 patents, including three international ones. (Photo courtesy of the company)

BEIJING -- Bang Bang Robotics, a Chinese startup developing mobility assistance products for people who have difficulty walking, has raised about 100 million yuan ($14.8 million) in a Series B funding round.

The new investment was led by Lake Bleu Capital and BioTrack Capital. Existing shareholder Long Hill Capital along with 01VC also participated in the round, while Haoyue Capital served as Bang Bang's financial adviser.

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