Jaten Robotics has secured tens of millions of yuan in strategic financing, locking in its position in the "physical base" segment of the embodied intelligence industry.

Recently, Jaten Robot announced that it has completed a strategic financing of tens of millions of yuan, led by the listed company Heertai (002402.SZ), with Daohe Fund (whose LPs are Efort, Leju Robotics and Daohe's own capital) and Jinmu Capital participating in the investment, while Yunxiu Capital acts as the exclusive financial advisor for subsequent financing.

As a core supplier of industrial embodied intelligent mobile chassis, Jaten Robot, relying on more than 20 years of profound accumulation in high-end manufacturing scenarios, has served nearly 100 Fortune Global 500 enterprises in total, completed the delivery of more than 2000 projects, and accumulated 270 million hours of industrial field operation data. The company's core product, the embodied intelligent chassis, has 360° omnidirectional movement capability, which can realize precise movement in any direction under the unified command of VLA/VLM large models. At present, the monthly delivery volume reaches 150 to 200 units, and it has officially entered the mass shipment stage. At the same time, the company actively expands the development of embodied applications based on its self-owned chassis, and cooperates with leading enterprises such as Leju Robotics to promote the PoC verification of humanoid robots with 15kg dual-arm load in industrial scenarios. In addition, the AGV/AMR intelligent handling business covering the full load range from 5kg to 220 tons and more than 500 SKUs, as the cornerstone of industrial scenario understanding, customer stickiness and data accumulation, provides strong underlying support for Jaten's embodied intelligent products.

In terms of the construction of competitive barriers, the advantages of Jaten Robot come from long-term accumulation at multiple levels. First of all, the company has profound industrial scenario and data assets — more than 2000 project experiences cover complex working conditions such as high-beat assembly lines, mixed human-robot operation and 220-ton heavy-load transportation, and a number of products have passed European CE and UL certifications; the 270 million hours of operation data supports the training of industry-specific models, which greatly shortens the adaptation cycle of new models from 6 months to 15 days. At the same time, the company has built a global compliance and delivery network, with products sold to more than 30 countries and regions, overseas revenue accounting for 40%, and factories set up in South China, Chongqing and the United States, as well as after-sales teams deployed in Southeast Asia and Europe. Its European and American certification system makes it one of the few chassis suppliers that can meet the overseas expansion requirements of embodied robot manufacturers.

In terms of independent R&D and engineering capabilities, Jaten Robot has independently developed the iCore industrial intelligent base, covering high-stability core components, high-precision navigation control algorithms, large-scale AI scheduling systems and differentiated data collection support for multiple scenarios, holding more than 700 patents and software copyrights in total. In terms of mass production, the annual production capacity of AGVs reaches 10,000 units, and the embodied chassis has been recognized by leading industry customers. The company has hundreds of checklists and 200 reliability verification lists to ensure stable delivery. It is worth mentioning that the company also has aerospace-grade technical capabilities — in 2023, it was shortlisted in the manned lunar rover scheme solicitation of the China Manned Space Engineering Office and entered the expert review stage, and provided simulation test vehicles for the Manned Lunar Rover Simulation Base of Xi'an Jiaotong University, with its extreme environment adaptation technology continuously feeding back to the reliability of industrial products.

In the embodied intelligent industry chain, Jaten is positioned in the "physical base" segment. More than 20 years of precipitation in high-difficulty industrial scenarios, global compliance barriers and large-scale manufacturing capabilities constitute the threshold that new entrants can hardly cross.

For the future, Jaten Robot has planned a clear "three-step" roadmap: stabilizing the revenue of existing large multinational customers and expanding the production of chassis are the near-term priorities; improving the iCore base and iterating solutions in cooperation with large model partners are the medium-term focus; opening up the full-stack software and hardware and entering the aerospace special scenarios are the long-term direction, committed to becoming the core supplier in the global embodied intelligent mobile chassis field.

As a long-term shareholder of Jaten Robot, Efort stated: "Focusing on the group's embodied intelligent strategic layout, Efort has accompanied Jaten Robot's growth for many years, witnessing its upgrading from a traditional AGV manufacturer to a global-oriented core component and solution provider for industrial embodied intelligence. The valuable point of Jaten Robot is not to chase short-term industry hotspots, but to accumulate a number of hard-core industrial capabilities that require long-term polishing, such as product reliability, customer repurchase, global compliance certification, and large-scale engineering delivery, after more than 20 years of deep cultivation in complex industrial application scenarios. Entering the stage of accelerated development of industrial embodied intelligence, the above practical accumulated industrial capabilities not only lay a solid foundation for Jaten Robot to expand its business boundaries, but also form a good synergy with Efort Group's embodied intelligence development strategy. In the future, relying on the advantages of high-end equipment manufacturing and industrial resources, Efort will cooperate deeply with Jaten in R&D, mass production, scenario implementation, and expansion of domestic and overseas markets, open up the closed loop of technology-manufacturing-commercialization, and jointly promote the large-scale industrial implementation of industrial embodied intelligence."

The lead investor of this round, Heertai (002402.SZ), said: "At present, embodied intelligence is moving from technical verification to industrial implementation, and industrial scenarios are expected to become the core market that takes the lead in forming a large-scale commercial closed loop. Compared with a single robot body, realizing the stable operation of embodied intelligence in factories requires the deep integration of chassis, control systems, perception and decision-making, complete machine engineering and industrial scenario experience. Jaten Robot has long served global high-end manufacturing customers, and has formed solid accumulation in complex working condition adaptation, motion control, product reliability and global delivery, which is highly complementary to Heertai's advantages in intelligent controllers, control system R&D, large-scale manufacturing and global customer service. As an industrial investor of listed companies, we not only value Jaten's own growth potential, but also expect the two sides to give full play to their respective advantages and jointly promote the large-scale application of embodied intelligent mobile platforms and related control systems in automotive, semiconductor, new energy and other industrial scenarios."

Daohe Fund said: "The industrialization of embodied intelligence is not a breakthrough in a single point of technology, but the result of the joint maturity of core components, robot bodies, mobile chassis, model algorithms and real application scenarios. Jaten Robot connects the robot body and the industrial site, and is an important physical base for embodied intelligence to realize movement, handling and cross-scenario operations. Relying on Efort's accumulation in high-end equipment and industrial resources, Leju Robotics' capabilities in humanoid robot body and scenario application, as well as Jaten's long-term precipitation in industrial mobile chassis and intelligent handling fields, all parties are expected to form a more complete industrial synergy around "chassis + body + control system + industrial scenario". Daohe Fund hopes to give full play to the role of industrial capital connector, promote ecological partners to carry out in-depth cooperation in joint product development, customer scenario introduction, supply chain collaboration and overseas market expansion, and accelerate the transition of embodied intelligence from single-point verification to large-scale delivery."

Jinmu Capital said: "From the perspective of financial investment, we not only pay attention to the market space of the embodied intelligence track, but also pay more attention to whether the enterprise has established a sustainable business model and verifiable operational capabilities. Jaten Robot has more than 20 years of industry accumulation, and has formed a strong foundation in serving Fortune Global 500 customers, complex project delivery, customer repurchase, overseas market expansion and continuous profitability. At the same time, the embodied intelligent chassis business has gradually entered the mass delivery stage from R&D verification, opening up a new growth curve for the company. We believe that Jaten has both the business base supported by mature business and the long-term growth elasticity brought by embodied intelligence, and is a rare enterprise in the industry that takes into account technical accumulation, commercialization capabilities and globalization potential. Jinmu Capital will continue to support the company to improve its governance system, enhance operational efficiency and expand capital market space, and help Jaten grow into a global leading enterprise in the field of intelligent handling and embodied intelligent mobile platforms."