Shanghai-based Yincheng Intelligent, which develops and applies embodied intelligence for the logistics sector, said it has completed a Series A funding round of nearly 100 million yuan.
The round was co-led by Huamin Investment and Shanghai Semiconductor Industry Investment, with existing shareholder Detong Capital increasing its investment, the company said. Separately, Yincheng Intelligent said it has secured a hundred-million-yuan-scale order from SF Express. Its robots will first be deployed in the parcel feeding process at express transfer centers, with plans to deploy thousands of units over the next two years.
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