Apr 27, 2022

and IDG Capital, followed by existing shareholder Source Code Capital. In November of last year, Xianglu Technology announced that it had obtained 100 million yuan ($15.3 million) in an angel round of financing from Source Code Capital. The funds raised this time will be used mainly for technology R&D, production construction and organizational upgrades. Established in July 2021, Xianglu Technology is a robot R&D and application company focusing on life service scenarios. Its products cover hotel self-service terminals and distribution service robots. It has many patents and innovative applications pertaining to mobile robotic algorithms and multitask concurrent scheduling technologies. At present, many of the company’s robots have completed R&D and have been launched in the market. Marsmarch, a subsidiary brand of Xianglu Technology, has launched many products in hotel scenarios, including the self-service robot, H2, and the hotel distribution robot, H9. Now the products has been applied in more than ten hotel groups and in nearly 1,000 individual hotels under Dossen, WeHotel, Huazhu Hotels Group and BTG Homeinns. With the rapid growth of market demand for robots in China, intelligent robotic products have sprung up recently. Propelled by the demand, technological progress and policy support, the service robot field is already near to a progressive development. In the future, Xianglu Technology will focus on what it calls the “Robot + Service” path, and will continuously invest in robots that are suitable for hotels and restaurants. It will create more innovative products, improve the service system, and gradually build a new diversified service ecosystem with robots as the core.