Wang Xing and Lei Jun jointly invested. A Jiangsu-based pool robot startup has just raised 1 billion yuan, helmed by a post-90s CEO.

Robot Outlook reported on September 24th that yesterday, Xingmai Innovation announced the completion of a new round of financing worth 1 billion yuan. After three rounds of financing, the company has raised a total of 1.5 billion yuan. This round of financing was exclusively led by Meituan Longzhu, and existing shareholders such as Hillhouse Ventures, Shunwei Capital, Cathay Capital, Source Code Capital, Anker Innovations, Lisi Capital, and Yunmu Fund further increased their investments.

The funds obtained in this round will be mainly invested in technology R & D and product iteration, accelerating the expansion of global sales channels and brand influence, continuously attracting top global talents, and exploring strategic layouts for new application scenarios.

Xingmai Innovation was founded in July 2022 and has completed two rounds of financing before: In February 2023, it completed an angel - round financing of nearly 200 million yuan, with investors including Shunwei Capital, Source Code Capital, and Hillhouse Ventures; In August 2024, it completed Series A financing, with investors such as Gao Bingqiang and Anker Innovations.

The company focuses on pool cleaning robots and independently develops core technologies such as high - speed brushless water pumps, AUV spatial motion control, and sonar - laser SLAM spatial mapping and navigation algorithms to improve the efficiency and experience of pool cleaning for users.

In 2024, Xingmai Innovation launched the pool cleaning robot AquaSense Pro, which can achieve three - dimensional cleaning from the pool bottom, pool walls, waterline to the water surface. With functions such as automatic clarifier dispensing and autonomous return, it makes pool cleaning more convenient.

In February this year, the AquaSense 2 series it released, relying on AI cameras, multi - sensor fusion, and self - developed algorithms, can achieve pool bottom mapping, intelligent path planning, and garbage recognition, solving common pain points of traditional pool cleaning robots such as low cleaning coverage, poor navigation ability, and cumbersome user experience.

Currently, Xingmai Innovation has entered 38 countries around the world and has entered over 2,000 offline stores, covering mainstream KA channels and professional pool channels. In its first year, it occupied 85% of the market share in the price range of $1,400 and above in the European and American online markets; At the beginning of this year, with the second - generation product, the AquaSense 2 series, it occupied over 90% of the market share in the price range of over $3,000 online.

Wang Shengle, the founder and CEO of Xingmai Innovation, is a post - 90s entrepreneur. He has 4 years of experience as a R & D engineer at Ecovacs and 6 years of experience as the executive vice - president of Dreame Technology. He has led the R & D of various products such as floor - cleaning robots, window - cleaning robots, and solar panel cleaning robots, accumulating rich experience in robot technology and in - depth insights into product requirements.

After completing this round of financing, Xingmai Innovation also announced its official entry into the lawn mowing robot field. It has established a business team for lawn mowing robots and is promoting the R & D of its first lawn mowing robot, extending its technological advantages accumulated in the fields of intelligent movement, environmental perception, and robot algorithms to the intelligent management scenario of courtyard lawns. Wang Shengle said that the company will not get involved in homogeneous competition but will focus on specific niche scenarios and user needs, building its unique positioning through differentiated strategies and technological innovation.

This article is from the WeChat official account "Robot Outlook", author: Xu Lisi, editor: Moying. It is published by 36Kr with authorization.