ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese startup Geek+ to raise $150m in warehouse robotics race

Tech unicorn eager to expand automation services but faces stiff competition

Geek+ robots shuttling at a warehouse in Kunshan, China. (Photo courtesy of Geek+)

NEW YORK -- Beijing-based logistics robotics startup Geek+ is on track to raise over $150 million in its Series C1 financing as it looks to bring automation to warehouses worldwide, the company said Wednesday.

Founded in 2015, Geek+ produces robots that can sort and transport goods at warehouses, while navigating a massive number of stock keeping units, which are codes used to track inventories and sales. Such tasks have become a headache for retailers facing the growing diversity of products in their inventory in the e-commerce age.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more