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- Extreme shell technology
Extreme shell technology Valuation, Funding & Investors
Extreme shell technology is valued at $400M as of November 2025.
Last Extreme shell technology valuation
$400M
Series B · Nov 2025
Last Extreme shell technology funding round
$50M
Series B · May 2026
Cumulative funding Extreme shell technology raised
$120M
across 3 funding rounds
Extreme shell technology Overview
About Extreme shell technology
Extreme Shell Technology is a Shenzhen-based developer of exoskeleton equipment for outdoor enthusiasts and rehabilitation users. Its Hypershell Pro model provides powered assistance for hiking and mobility aid using servo motors and sensors. The company sells through Alibaba and focuses on carbon fiber frames.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$400M (Nov 2025)
Extreme shell technology Valuation
Extreme shell technology is currently valued at $400M, based on its Series B in November 2025.
The $70M round was led by 5Y Capital, Lightspeed China Partners and Monolith Capital, with participation from Longzhu Capital, IDG Capital, Vitalbridge Capital and HSG.
Extreme shell technology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Series B | $400M |
Extreme shell technology Funding History
Extreme shell technology has raised a total of $120M across 3 funding rounds.
Extreme shell technology's first fundraising round was a $70M Series B in November 2025. The most recent completed round was a $50M Series B in May 2026.
Extreme shell technology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series B | Ant Group (lead); Longzhu Capital (lead); Granite Asia; Sofina | $50M | - | Hypershell completed a $50 million Series B+ financing round in May 2026, led by Ant Group and Meituan Longzhu, with Sofina and Granite Asia participating as follow-on investors. The company said the latest financing brought total capital raised across its Series B financing rounds to $120 million. The financing followed rapid commercial traction for the company’s consumer-grade exoskeleton business, which had reportedly become the world’s top-selling product in its category. The new capital was raised after a previous Series B round in late 2025, indicating continued investor support as the company scales internationally. Hypershell is a consumer-grade exoskeleton startup focused on wearable mobility hardware. The company has built a position in a niche robotics and consumer electronics segment and has attracted strategic and financial backing from leading investors in China and Europe. The financing round was advised by Gaohe Capital, and the business has emphasized sales momentum and category leadership as it expands its market presence. |
| Dec 2025 | Undisclosed stage | Chengdu Longzhu Equity Investment Fund (lead) | - | - | - |
| Nov 2025 | Series B | 5Y Capital (lead); Lightspeed China Partners (lead); Monolith Capital (lead); Longzhu Capital; IDG Capital; Vitalbridge Capital; HSG | $70M | $400M | Extreme Shell Technology raised $70 million in a Series B funding round in November 2025, according to the LXL Capital Contactless Economy Pulse Check newsletter. The round was led by 5Y Capital, with participation from Guanghe VC, HSG, IDG Capital, Longzhu Capital, and Monolith Capital. The company appears to operate in the contactless or touchless economy technology sector based on its inclusion in the LXL Capital newsletter focused on such technologies. |
Who has invested in Extreme shell technology?
11 investors have backed Extreme shell technology across its funding rounds, including Longzhu Capital, IDG Capital, HSG, 5Y Capital, Ant Group and Sofina.
Lead investors include Ant Group, Longzhu Capital, Chengdu Longzhu Equity Investment Fund, 5Y Capital, Lightspeed China Partners and 1 other investor.
Extreme shell technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2025 | ||
| 1 | Lead | Nov 2025 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Nov 2025 | ||
| 1 | Lead | Dec 2025 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Nov 2025 | ||
This data is available for Pro users. Sign up to see all 11 Extreme shell technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialExtreme shell technology Competitors
Extreme shell technology competitors include listed companies like ispace and Richtech Robotics, and private ones like Seegrid, Hyundai Robotics, Aiper and Makeblock.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Publicly listed | $21M | ($40M) | $391M | 19.6x | ||
| Private | - | - | $414M | - | ||
| Publicly listed | $5M | ($48M) | $385M | 8.5x | ||
| Private | - | - | $370M | - | ||
| Private | $9M | - | $367M | - |
Extreme shell technology Public Comps
Extreme shell technology is still privately-owned, but its public comps include Kenmec, ispace, Richtech Robotics, Anhui Wantong Technology, Datalogic, Gerard Perrier Industrie, Columbus McKinnon, Stemmer Imaging, Altınay Savunma and Nanjing Bestway.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $105M | $1M | 4.5x | 4.3x | 369.6x | 166.9x | |||
| $21M | ($40M) | 19.6x | 19.6x | (10.4x) | (5.3x) | |||
| $5M | ($48M) | 9.2x | 8.5x | (1.0x) | (2.0x) | |||
| $200M | ($39M) | 1.9x | - | (9.9x) | - | |||
| $576M | $55M | 0.7x | 0.7x | 7.1x | 6.3x | |||
| $373M | $38M | 0.9x | 0.8x | 8.5x | 8.2x | |||
| $1.2B | ($68M) | 3.0x | 2.2x | (51.8x) | 12.2x | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
This data is available for Pro users. Sign up to see all Extreme shell technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Extreme shell technology
| When was Extreme shell technology founded? | Extreme shell technology was founded in 2021. |
| Where is Extreme shell technology headquartered? | Extreme shell technology is headquartered in Shanghai, China. |
| Is Extreme shell technology publicly listed? | No, Extreme shell technology is a private, VC-backed company. |
| What is Extreme shell technology's valuation? | Extreme shell technology was last valued at $400M in its Series B in November 2025. |
| How much funding has Extreme shell technology raised? | Extreme shell technology has raised $120M across 3 funding rounds. |
| What was Extreme shell technology's last funding round? | Extreme shell technology's last funding round was a $50M Series B in May 2026, led by Ant Group and Longzhu Capital. |
| Who are Extreme shell technology's investors? | Extreme shell technology's investors include Longzhu Capital, Lightspeed China Partners, Ant Group, IDG Capital, Monolith Capital, Chengdu Longzhu Equity Investment Fund, Granite Asia, Vitalbridge Capital, 5Y Capital, Sofina and 1 other. |
| Which companies are comparable to Extreme shell technology? | Companies comparable to Extreme shell technology include Seegrid, ispace, Hyundai Robotics, Richtech Robotics, Aiper and Makeblock. |
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