Pudu Robotics adds $15M in fresh funding

Pudu Robotics has announced $15 million in Series C3 funding.

Puhua Capital provided the investment for the Shenzhen, China-based business.

According to a statement, the funds will go toward expanding production capacity via a new production base for Pudu as well as the development of robotics for commercial cleaning purposes.

Felix Zhang, founder and CEO of Pudu Robotics, says the company “derived 90% of its revenue from sales in 2022.”

The company, which has partnerships with several large hotel group including Marriott, offers a number of delivery, cleaning and disinfection robots that are deployed in restaurants, hotels, supermarkets, government offices, airports, high-speed train stations and hospitals.

Pudu completed a Series C2 round of $77 million in September 2021 . The round followed its initial Series C investment of $78 million in May of the same year.