Source Code Capital Portfolio | "Faoro Robotics" Announces Close to $100 Million Series C Funding Round, Existing Shareholder Source Code Capital Continues to Increase Stake

Recently, MaHui member "FAIR Robotics" successfully completed its nearly $100 million Series C funding round. This round was led by China Life Shuangtan Fund, managed by China Life Private Equity Investment Company Limited, a subsidiary of China Life Investment. Source Code Capital, Shunwei Capital, and Qingliu Capital, among other existing shareholders, continued to participate, demonstrating their strong confidence and trust in the prospects of the robotics sector and FAIR's future growth potential. Notably, existing shareholder Source Code Capital had previously led the company's Series B round.

It's worth mentioning that FAIR has simultaneously completed its shareholding restructuring, entering a new phase of more standardized and systematic development. Building on this foundation, the new funding will further strengthen the company's capital position and enhance its global operations and coordination capabilities.

01

Full-Stack Self-Development, Leading the Popularization of Collaborative Robots

As a leading domestic provider of collaborative robots and intelligent manufacturing solutions, FAIR has prioritized achieving self-development and self-production of core components, including controllers, encoders, servo drives, harmonic reducers, servo motors, and brakes, providing highly flexible and reliable robotic products for various industries.

According to data from GGII (Gaogong Robotics Industry Research Institute), FAIR Robotics ranked first in both total domestic sales and overseas shipments among Chinese collaborative robot brands in 2025.

Data source: GGII (Gaogong Robotics Industry Research Institute), March 2026

02

Global Presence, Deepening International Markets

Currently, the company has achieved significant results in global business expansion, having established over 50 overseas sales outlets and 3 overseas service centers. This includes global channel partners such as igus and MISUMI, as well as deep collaborations with numerous industry-leading customers including Samsung, Hyundai, AISIN, Unilever, and DENSO. Its global delivery and service system is also becoming increasingly robust.

03

Diverse Product Portfolio, Empowering Full-Scenario Applications

As a leading domestic provider of collaborative robots and intelligent manufacturing solutions, FAIR remains committed to independent R&D, continuously driving the deep integration of robotics technology with industrial applications. The company has now built a multi-scenario, multi-payload collaborative robot product system. Centered around the FR series, with payload coverage from 3–35kg, it encompasses 11 models from FR3 to FR35. For specialized application areas, the company has also developed the WM series for welding and the commercial C series. These products have been widely deployed in CNC loading/unloading, palletizing and handling, welding and grinding, assembly and inspection, and commercial service scenarios.

04

Empowering Embodied AI, Focused on AI + Robotics Technology

Looking ahead to 2026, the company will leverage its existing technological and market foundations, with "AI + Collaborative Robots" as its core direction, to drive innovation in intelligent robotics technology and the deployment of Embodied Artificial Intelligence scenarios. It will also accelerate its layout in the humanoid robot赛道, striving to become a Tier 1 core supplier for humanoid robot manufacturers, while continuously strengthening its capabilities in technology, mass production, and delivery.

Going forward, FAIR will be driven by the coordinated development of technology, market, and ecosystem, continuously enhancing its global competitiveness, and steadily advancing toward becoming a top-tier global robotics enterprise.