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.

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