China-based food delivery robot manufacturer Pudu Technology has raised hundreds of millions of yuan (RMB100m = $15.5m) in a series C2 round featuring local services portal Meituan Dianpin, DealStreetAsia has reported.
Chinese state-owned investment firm Shenzhen Investment Holdings, venture capital firm Sequoia Capital China and undisclosed other investors also participated in the round.
Founded in 2016, Pudu is focused on developing and producing commercial service robots designed for use in restaurants, offices and schools. It has produced more than 600 core patents and its offering includes a range of automated delivery and disinfecting robots.
The latest financing follows on from a $78m series C1 round in May 2021 that included internet group Tencent, Meituan and Sequoia China. Pudu said in an official statement that it raised $155m across its series C1 and series C2 rounds, implying that it picked up about $78m for the C2 round.
Pudu raised $14.5m in a series B-plus round in August 2020 that was led by Sequoia China and which featured Meituan, QC Capital, Chengbohan Fund and Changyingxin Investment. Meituan had invested $15m through a series B round the previous month, and the company had received $7.8m in series A funding from undisclosed investors in 2018.