Xianglu Technology, a robotics R&D and application company, announced the completion of a 100-million-yuan angel funding round, with Source Code Capital as the sole investor.

源码资本·November 30, 2021·0·2

Live Better with Robots

Xianglu Technology recently announced a nine-figure RMB angel round led by Source Code Capital. The funds will go primarily toward product R&D, service innovation, multi-scenario deployment, and organizational upgrades.

Xianglu Technology is a robotics company focused on life service scenarios. Its product lineup includes hotel self-service terminals and delivery robots, and it holds multiple patents and innovative applications in autonomous mobile algorithms, multi-task concurrent scheduling, and cloud-based intelligent management.

At the same time, Xianglu Technology announced that Kevin Guo (known as "Lao K"), formerly a member of Meituan's highest decision-making body, the S-team, and executive chair of its sales committee, has joined the company as co-founder and CEO. The company's former CEO, Jiancheng Yang, has transitioned to co-founder and CPO. Together with the team, the two founders will carry forward the mission of "Live Better with Robots," working to make people's lives more convenient and better.

Yungang Huang of Source Code Capital said: "The combination of AI and robotics will bring qualitative change to the industry. It's the main channel for the next decade. We deeply respect and are bullish on Xianglu's strategic vision, technical reserves, and commercial execution in this space."

Over the past year, Xianglu's subsidiary Yuanjing Technology has made significant strides in the hotel segment, developing breakthrough products including the Jingxiaozhu hotel self-service terminal and the hotel delivery robots Jingxiaoyuan H2 and H9. These have already been deployed across more than ten hotel groups — including Dongcheng, Jin Jiang, Huazhu, and BTG Home Inn — reaching nearly a thousand hotels and providing tens of thousands of intelligent, efficient services to guests daily.

As demand for robotics in China grows rapidly, intelligent robotic products are springing up everywhere. Driven by the combined forces of social need, technological progress, and policy support, the service robotics market is on the verge of explosive growth. As a hard-tech company, Xianglu Technology is widely seen as well-positioned in China's robotics market. And the industry's rapid development opens up vast possibilities for Xianglu's future.

Going forward, Xianglu Technology will remain committed to its mission of "Live Better with Robots," focusing on "Robot + Service." It will continue to deepen its presence in life service scenarios such as hotels and food service, develop innovative products, refine its service system, and gradually build a diversified scenario-based service ecosystem centered on robotics.