Jiangte Electric to invest 100 mln yuan in robot startup Vita Dynamics

Jiangte Electric (002176.SZ) said it plans to invest 100 million yuan alongside affiliated investors in Vita Dynamics’ Pre-A+++ funding round, with a total capital increase of 300 million yuan.

The affiliated investors will contribute 200 million yuan. The deal gives Vita Dynamics a pre-money valuation of 3 billion yuan. After the capital increase, Jiangte Electric and the affiliated investors are expected to hold 3.0303% and 6.0606%, respectively.

Jiangte also said it has started joint development of dexterous hand motors and key components with Vita Dynamics, and the products are planned to be supplied to third-party robot OEMs.

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