Hypershell Raises $70 Million Across Two Funding Rounds

Hypershell, a global leader in consumer-grade exoskeletons, has officially announced the completion of a $70 million Pre-B and Series B funding round. The Series B was co-led by Luminous Ventures and 5Y Capital, with participation from Meituan Longzhu. The Pre-B round was led by Monolith, with 5Y Capital also participating, while existing investors IDG Capital, HSG, and Oasis Capital all followed on with oversubscribed commitments. Cygnus Equity served as the exclusive financial advisor. Following this round, Hypershell's post-money valuation approaches $400 million, further cementing its position as an industry leader.

As a trailblazer in the space, Hypershell is the first team globally to achieve scaled mass production and commercialization of consumer-grade exoskeletons. While the concept of "consumer exoskeletons" was once widely dismissed within the industry as "impractical science fiction" and faced considerable skepticism, Hypershell pressed forward with unwavering commitment, drawing on its technical expertise and forward-looking industry vision. In 2023, it launched its first product crowdfunding campaign on Kickstarter, surpassing $1 million in backing and earning a spot on the platform's annual Best Seller list. Since then, the company has completed multiple funding rounds, bringing its total capital raised to nearly $100 million, with a roster of investors that includes several top-tier firms.

As the consumer exoskeleton industry transitions from concept to industrial-scale deployment, it is reaching a critical inflection point for accelerated growth. With its leading technology and product capabilities, Hypershell sits at the core of driving this emerging category toward maturity.

Xi Cao, founding partner of Monolith, commented: "The exoskeleton industry, which has existed for many years, is undergoing massive transformation driven by embodied intelligence and AI. As product form factors continue to evolve, we're already seeing exoskeleton products being widely adopted by consumers across diverse scenarios. As a new category taking shape at an accelerating pace, consumer-grade exoskeletons hold enormous growth potential and room for imagination. Hypershell's sustained accumulation of expertise in this field over the past several years is truly admirable. The team's persistent experimentation and rapid iteration in the early stages of entrepreneurship, along with their steadfast conviction in the industry, left a deep impression on us. We look forward to Hypershell continuing to create greater value for users through relentless product innovation."

Product and Technology Edge: An AI-Powered "Second Engine"

Hypershell's core competitiveness stems from its in-house R&D capabilities. The founding team hails from top-tier smart hardware companies, and the company now maintains a nearly 200-person R&D team with hundreds of core patents in exoskeleton technology. Its product portfolio precisely targets users ranging from early adopters to professionals.

Hypershell X Series: The Market-Validated Pioneer

As the company's first mass-produced product, the Hypershell X series made waves upon launch. With its robust performance specs, it successfully brought professional-grade exoskeleton capabilities into the consumer market.

• Powerful Drive: Equipped with motors delivering peak output of 800W, it provides strong assistive force that effectively offsets 30% of perceived body load.

• Extended Range: Under typical usage scenarios, battery life reaches 15–17.5 km, satisfying single-session long-distance hiking or full-day work requirements.

• Global Recognition: Winner of the "CES 2025 Best of Innovation Award," marking recognition of its industrial design and technological innovation by the world's highest standard.

Hypershell X Ultra: The Next Leap in Performance and Intelligence

The Hypershell X Ultra, launched this September, represents another concentrated display of the company's capabilities, achieving a generational leap in both power systems and AI algorithms.

• AI Algorithm Upgrade: Features second-generation AI motion-intent recognition algorithms that predict user movements with greater precision and speed. The system can identify and adapt to 12 distinct postures, with terrain-specific modes for activities such as cycling and hiking, enabling adaptive human-machine coordination.

• Efficiency Revolution: Through coordinated optimization of power systems and algorithms, overall effectiveness has improved by 25%, delivering 2.5x the range with equivalent battery capacity.

• Repeat Accolades: Once again won the "Best of Innovation Award" at IFA Berlin 2025, securing back-to-back top honors at premier international exhibitions.

Industry Leadership: World's First SGS-Certified Exoskeleton Product

As a category creator, Hypershell understands that its responsibility extends beyond launching excellent products to driving the healthy, standardized development of the entire industry.

The Hypershell Ultra series is the world's first exoskeleton product to receive certification from the third-party authoritative testing body SGS. Against a backdrop of missing standards and rampant parameter inflation in the current consumer exoskeleton market, this move carries milestone significance. It means that core performance metrics such as assistive force now have verifiable, standardized benchmarks. This not only provides consumers with reliable purchase guidance but also demonstrates Hypershell's vision and resolve as an industry leader in driving the market toward transparency and standardization.