Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, January 12 2021 - 02:22
Leading Autonomous Mobile Robot Company Quicktron Completes C+ Funding Led by KION Group and Prosperity7 Ventures for Technology to Free Human Beings from Manual Handling
SHANGHAI, Jan. 11, 2021 /PRNewswire-AsiaNet/ --

Leading Chinese  Autonomous Mobile Robot (AMR) manufacturer and AI research 
hub, Quicktron Intelligent Technology Co., Ltd ("Quicktron"), has recently 
completed a new financing round. The C+ round funding was led by KION Group, 
one of the world's leading providers of industrial trucks and supply chain 
solutions, Prosperity7 Ventures, the diversified growth fund of Aramco Ventures 
as well as multiple renowned investment institutions in China. All proceeds 
will go towards global market expansion and further technical development, 
furthering the company's mission to free human beings from manual handling.

Underpinning the successful financing is impressive growth numbers from 
Quicktron in recent years. Operating income from 2017 to 2019 increased nearly 
tenfold and the total volume of orders in 2020 is expected to be more than 300 
percent that of 2019. Reports have also been made public that Quicktron will be 
launching a sci-tech innovation board listing plan next year, gearing the 
company up to be the first listed  AMR stock.

As a pioneer in the AMR industry, Wei Yang and Quicktron have witnessed the 
development process of the whole space from the outset. Given that the global 
penetration rate of AMR is as low as one percent, Wei Yang believes there is 
still an untapped industry worth 500 billion CNY. Growth in this sector has 
also accelerated as the COVID-19 pandemic has fueled the need to reduce 
reliance on manual labor in logistics. This has been particularly prominent in 
Europe where e-commerce has been growing rapidly as consumers develop a habit 
for online shopping, forcing more and more retailers to make the switch to 

Technical development in the space is supported by sophisticated technologies 
such as 5G and autonomous driving becoming increasingly commonplace. These 
tools allow for high performance, low cost, and rapid iteration, making R&D an 
absolute priority for companies looking to stay ahead of the competition. For 
Quicktron, six years of practical experience working with clients and resources 
have allowed them to stay at the forefront of technical innovation. Current 
industry offerings either work very well in self-operated warehouses or are 
good at system integrations; As a leading manufacturer and solutions provider 
of intralogistics AI-powered robots, Quicktron offers industry-standard 
products across end-to-end services, with solutions aimed at solving specific 
pain points whilst being widely applicable.

In 2020, Quicktron launched its product-level intelligent robotic solution, 
Quick Pick, which is currently being used in e-commerce, retail, footwear, 
manufacturing, and other industries. The solution is equipped with highly 
efficient and stable robots that bear a high storage capacity. It also features 
small, lightweight, efficient, flexible, and cost-effective intelligent mobile 
handling robots that work well in intensive storage environments where it can 
carry and transfer items for on-site operators. This combination effectively 
reduces the need for manual operation to achieve high efficiency and 
versatility, easing the labor intensity and boosting overall efficiency during 
the traffic surge in storage handling, order picking and item return requests.

About Quicktron

Quicktron Intelligent Technology Co., Ltd was founded in Shanghai, China in 
2014. By providing various types of AMRs and backstage operating systems for 
multiple models, devices and scenes, Quicktron enables enterprise customers to 
achieve intelligentization, automation and digitization for their internal 
logistics, helping them to reduce costs, increase efficiency and broaden 
capability boundaries. The company's vision is use indoor intelligent driving 
solutions to free human beings from manual handling.

About KION Group

The KION Group is one of the world's leading providers for industrial trucks 
and  supply chain solutions. Its portfolio encompasses industrial trucks, such 
as forklift trucks and warehouse equipment, as well as integrated automation 
technology and software solutions for the optimization of supply chains, 
including all related services. Across more than 100 countries worldwide, the 
KION Group's solutions improve the flow of material and information within 
factories, warehouses, and distribution centers. The Group, which is included 
in the MDAX, is the largest manufacturer of industrial trucks in Europe and the 
second largest worldwide in terms of units sold in 2019. It is also a leading 
provider of automation technology based on revenue in 2019.

About Prosperity7 Ventures

Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, a 
subsidiary of Aramco, the world's leading integrated energy and chemicals 
company. The fund's name derives from 'Prosperity Well', the 7th oil well 
drilled in Saudi Arabia and the first to strike oil. Taking forward this 
pioneering history, we invest globally, with a long term-view, in breakthrough 
technologies and transformational business models that will bring prosperity 
and positive impact on a vast scale.

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   Caption: Quicktron's Full Product Portfolio