5Y News｜Hypershell Raises $70 Million in Pre-B and Series B Funding

Hypershell, the global leader in consumer-grade exoskeletons, has officially announced the completion of its $70 million Pre-B and Series B funding rounds. The Series B was co-led by Luminous Ventures and 5Y Capital, with Meituan Longzhu participating; the Pre-B round was led by Monolith, with 5Y Capital participating, and existing shareholders IDG Capital, HSG, and Oasis Capital all making oversubscribed follow-on investments. 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 world's first team to achieve scaled mass production and commercialization of consumer-grade exoskeletons. Although the concept of "consumer exoskeletons" was once widely dismissed within the industry as "impractical science fiction" and faced tremendous skepticism, Hypershell pressed forward with unwavering commitment to product development, drawing on deep technical expertise and forward-looking industry vision. In 2023, it launched its first Kickstarter crowdfunding campaign, 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 cumulative capital raised to nearly $100 million, with a roster of investors spanning numerous top-tier institutions.

The completion of this financing round underscores capital markets' strong recognition of Hypershell's technical capabilities, commercial execution, and future prospects. As the consumer exoskeleton industry transitions from concept to industrial-scale deployment, the sector is reaching a critical inflection point for accelerated growth. With its leading technology and product capabilities, Hypershell is positioned at the core of driving this emerging category toward maturity.

"As the pioneer of consumer-grade exoskeletons, Hypershell has built a technical moat through more than a hundred patents and the world's first SGS certification. We have been tracking Kuan Sun's team and product development since 2022, witnessing their ability to define a category — from crowdfunding hit to scaled mass production," said Yuan Ye, Partner at 5Y Capital. "With the accelerating development of robotics and AI, we believe Hypershell is poised to lead industry standards through AI innovation and manufacturing advantages, delivering breakthrough products that continuously create exceptional experiences for consumers worldwide."

Product and Technical Strength: AI-Powered "Second Engine"

Hypershell's core competitiveness stems from its robust in-house R&D capabilities. The founding team hails from top-tier smart hardware companies, and the company maintains a research team of nearly two hundred people, having accumulated hundreds of core patents in exoskeleton technology. Its product portfolio precisely addresses needs ranging from early adopters to professional users.

Hypershell X Series: The Market-Validated Trailblazer

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

• Powerful performance: Equipped with motors delivering peak power of 800W, it provides robust assistance, effectively offsetting 30% of perceived body load.

• Extended range: Under typical use conditions, battery life reaches 15-17.5 kilometers, satisfying single long-distance hikes or full workday demands.

• Global recognition: Winner of the "CES 2025 Best of Innovation Award," marking recognition of its industrial design and technical innovation at the highest global standard.

Hypershell X Ultra: The Next Leap in Performance and Intelligence

Launched this September, the Hypershell X Ultra represents another concentrated display of Hypershell's capabilities, achieving generational leaps in both power systems and AI algorithms.

• AI algorithm upgrade: Features second-generation AI motion-intent recognition, enabling more precise and rapid prediction of user movements. The algorithm can identify and adapt to 12 different postures, with terrain-specific modes for activities such as cycling and hiking, enabling adaptive human-machine coordination.

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

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

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

The Hypershell Ultra series is the world's first exoskeleton product to receive certification from 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 parameters such as assistance effectiveness 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.

5Y Capital seeks out, supports, and inspires entrepreneurs who dare to stand alone, providing them with support from the spiritual to the operational. We believe that if the world begins to believe in the "crazy" you that others see, the world will become a different place.

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