Juwei Technology Secures Four Rounds of Hundreds of Millions in Financing in Just Two Months, with an All - Star Team of Industrial Capital Making a Strong Entry | Exclusive Report by 36Kr
36Kr has learned that the cross - industry mobile intelligent robot company Hangzhou Juwei Technology Co., Ltd. (hereinafter referred to as "Juwei Technology") recently completed a Series A+++ financing round. This financing round was jointly led by Binzhou State - owned Investment, Weiqiao Group, and BinHua Co., Ltd., and HeDa Holdings and Denuo Capital participated in the investment. Binzhou State - owned Investment has continuously made follow - on investments. The funds will be mainly used for the continuous and in - depth research and development of core technologies, as well as for large - scale implementation and commercial promotion in specific application scenarios at the national level.
Juwei Technology was founded in Hangzhou in early 2025 and focuses on the research, development, and application of wheeled and quadruped robots. It develops "cross - industry mobile intelligent agents" that can work autonomously on all types of terrain and provides intelligent solutions for specific scenarios such as strong magnetic fields, explosions, and extreme cold. The products are characterized by high load - carrying capacity and long battery life.
At the beginning of 2026, Juwei Technology completed three consecutive Series A financing rounds within 30 days and continuously received investments from leading listed companies, state - owned industrial platforms, and market - oriented institutions. During the Series A financing, listed companies such as Zhengqiang Co., Ltd. and Yilian Technology, as well as professional investment institutions such as Luxin Venture Capital, strategically entered the investment; during the Series A+ and A++ financing rounds, high - quality industrial capital providers such as Jianyuan Tianhua and Binzhou State - owned Investment, as well as state - owned capital providers, successively made strategic investments. Together with this Series A+++ financing round, the total financing volume amounts to several hundred million yuan.
Wang Zixuan, the founder and CEO of Juwei Technology, said that Juwei Technology hopes to create a sustainable development model of "independent technology development + supply - chain integration + closed - loop scenario implementation" through the integration of the industry resources of all parties to accelerate the large - scale and commercial implementation of embodied intelligence technology and permanently strengthen its leading position in the industry.
As a company ranked among the top 500 in the global energy and aluminum industry, Weiqiao Group has a high demand for special working robots with magnetic resistance, interference suppression, and high reliability in its core industries such as electrolytic aluminum production, which forms a natural industrial synergy with Juwei Technology's robot business; BinHua Co., Ltd., as a leading company in the chemical industry, has production scenarios that are usually flammable, explosive, and highly corrosive, which can directly provide rich application scenarios for Juwei Technology's explosion - proof robots. The joint research and development of the core hardware of robot joint modules with Zhengqiang Co., Ltd. and the in - depth cooperation in the integration of electrical connection components with Yilian Technology help Juwei Technology to develop the lowest layer of the supply chain for embodied intelligence hardware.
Wang Zixuan has experience in consecutive successful startups and in the industry. He has led investments in projects such as Leapmotor and Sunwoda, founded a leading company in the sodium - ion battery industry, built the production line, and realized important orders. Li Qinchuan, the company's chief scientist, is an experienced expert in the quadruped robot industry and enjoys a special allowance from the State Council. The core members of the research team mainly come from foreign and domestic universities such as Stanford University, Zhejiang University, and Zhejiang Sci - Tech University.
1. Goal: Extreme environmental sites, "where people don't want to go", and the development of a cross - industry mobile intelligent agent with wheels and quadruped legs
In 2025, when humanoid robots were very popular, Wang Zixuan, however, more clearly saw the real bottlenecks in the industrial implementation of the industry. "We have observed that the core problem that the embodied intelligence industry currently faces in industrial implementation is that the problems are not painful enough and the urgent needs are not strong enough. The real urgent needs of mobile robots do not lie in replacing people in offices, but in the dangerous and strenuous places that originally should not be occupied by humans."
Based on this consideration, Juwei Technology did not decide to optimize algorithms in structured scenarios or achieve commercialization in scenarios such as events and education, but focused on special working environments: Robots should go into difficult environments such as strong magnetic fields, nuclear radiation, high altitudes, oxygen deficiency, extreme cold, and extreme heat and perform the work that people don't want to do, don't dare to do, or can't do. Wang Zixuan said: "Currently, there are more than 20 million such dangerous special workplaces in China."
With regard to these specific scenarios, Juwei Technology focuses on realizing the "four - protection" capabilities of robots: magnetic resistance, explosion protection, frost protection, and water protection. To achieve these capabilities, it is required that the robots have a sufficiently large load - carrying capacity and can still maintain their mobility and stability after protective modifications such as adding an explosion - proof housing, a magnetic shield, and a thermal insulation layer. Therefore, Juwei Technology has abandoned the traditional design paradigm of long and thin legs in quadruped robots and chosen a rare "wide body + short legs" concept and combined traditional wheels with quadruped legs.
Robots of Juwei Technology
"We believe that the form that combines the efficiency of wheels and the all - terrain ability of legs is the ultimate solution for future cross - industry mobility." Wang Zixuan believes that although traditional quadruped robots have the ability to overcome obstacles, the movement method of continuously lifting the legs has high energy consumption, the average battery life is limited, and the mechanical wear is severe. The hardware is easily damaged, and it is difficult to meet the requirements for large - scale and long - term work in industrial scenarios.
In addition to the innovation in product form, Juwei Technology has achieved self - development and production of components such as powerful joint motors and exceeded the load - carrying limit of robots through high - performance structural dimensioning. The dynamic load - carrying capacity is 200 kilograms, and the static load - carrying capacity when standing is 400 kilograms, which is more than five times the industry average. Thus, the robots can continuously carry various heavy detection and emergency rescue equipment.
To ensure that the robots can operate in extreme environments for a long time, Juwei Technology has integrated technologies such as the energy harvesting system and liquid cooling from the automotive industry into the robot design through cross - industry combined innovation to improve the energy efficiency of the robots. The measured battery life of the robots without load has been increased to 12 hours, and the battery life with load has been increased to 8 hours, which overcomes the industry bottlenecks and is several times the industry average.
At the algorithm level, Juwei Technology has developed a "sensing, planning, control, and drive" integration system from the lowest FOC control to the highest - level motion control and perception decision - making to make the modularly expandable platform compatible with various working devices, thus taking into account both heavy - load performance and scenario adaptability.
"Only when the underlying system penetrates can the performance of the hardware be increased from 70 to over 95 points, and the robots can achieve 'unified writing and lane'." According to Wang Zixuan, Juwei Technology's robot product achieved the ability of autonomous tracking and obstacle - crossing without remote control at the World Robot Conference in 2025 and can perform autonomous navigation without a map and remote control in a three - dimensional space.
2. Building higher technical barriers upwards and deepening into 20 million special working environments downwards
In Wang Zixuan's view, the development of the embodied intelligence industry can be divided into three phases: "The first phase is element innovation, that is, the breakthrough of underlying technologies such as reinforcement learning. This phase is essentially over. Now, Juwei Technology brings the results of the first phase into the second phase of supply - chain integration, engineering implementation, and scenario solution, and at the same time moves into the third phase of business - model innovation to finally form a growth take - off stage."
Based on the market positioning that focuses on special industrial scenarios, Juwei Technology currently focuses on developing large state - owned and central enterprises in areas such as electrolytic aluminum production, oil and petrochemicals, fire protection, and the police. "Such customers have higher requirements for work safety, ESG, and social responsibility, and also have stronger payment ability and innovation willingness." Wang Zixuan said.
The customers in these scenarios do not simply calculate the economic benefits of labor replacement but mainly focus on the "safety calculation" and the "social value calculation". Therefore, the technical ability and product stability are also the core competencies that Juwei Technology must build in the long term to serve the above customers well.
Wang Zixuan said that to permanently build higher access barriers, Juwei Technology has already obtained the first Ex db eb IIB T4 Gb "explosion protection plus increased safety" combined approval for embodied intelligence robots and plans to complete the full range of explosion - proof certifications of the International Electrotechnical Commission (IECEx), EU - ATEX, North America, and China's CNEX within the year.
In addition to robot hardware products, Juwei Technology provides a comprehensive solution for special work tasks for customers in complex industrial scenarios, which includes on - site installation, superstructure adaptation, and algorithm platform integration to realize a one - stop closed - loop service from device delivery to scenario implementation. In 2025, Juwei Technology reached an order value in the range of hundreds of millions of yuan. Currently, the order backlog is several hundred million yuan. It is expected that the delivery of robot products will increase to over a thousand units in 2026, and the sales revenue will be several hundred million yuan.
When discussing future plans, Wang Zixuan said that the core strategy of Juwei Technology is not to strive for horizontal expansion too early but to first handle the deepening in the vertical domain. "I summarize it as '10 meters wide and 100 meters up and down'."
The so - called "upwards" refers to the continuous research and development of core technologies. On the one hand, the product performance should be further improved, and the goal is to increase the average trouble - free continuous working time to over 10,000 hours by the end of 2027 to truly meet the industrial standard; on the other hand, the research and development of the operating system should be strengthened to create an "App Store" for robots that is open to third - party hardware developers to meet different requirements in different scenarios. On the basis of the independent work of individual robots, Juwei Technology also develops group intelligence technology and expects to achieve the cooperation ability of "AI intelligent agents + multiple robots" in the second half of this year.
"Downwards" means further deepening into 20 million special workplaces and access approvals. After the product reliability and algorithm maturity are further improved, the migration to daily life service scenarios should be carried out. "From technological innovation, engineering implementation, and scenario deepening to ecosystem and business - model innovation, Juwei Technology should go through the three phases from the lowest to the highest level and provide a new paradigm for the industry." Wang Zixuan said.