Narwal Robotics Revenue, Valuation, Funding & Investors

Narwal Robotics is valued at $2.4B as of April 2025, a 12.0x multiple on its last reported $200M revenue.

Last Narwal Robotics valuation

$2.4B

Series E · Apr 2025

Last Narwal Robotics funding round

$100M

Series E · Apr 2025

Narwal Robotics revenue

$200M

Series E · Apr 2025

Key investors in Narwal Robotics

  • Tencent
  • Source Code Capital
  • FutureCap
  • ByteDance
  • Beijing Robot Industry Fund
  • Glacier Capital

Narwal Robotics Overview

About Narwal Robotics

Narwal Robotics is a Shenzhen-headquartered manufacturer of intelligent cleaning robots featuring vacuuming and mopping capabilities. The company produces models like the Narwal Freo X Ultra and Freo X Plus, which incorporate self-emptying dustbins, auto-washing mop stations, and dirt detection sensors. Narwal Robotics distributes its products across North America, Europe, and Asia through online retailers such as Amazon and its official website. Launched in 2016, the firm expanded its lineup with the T10 robot vacuum-mop hybrid in 2020 and introduced Freo series in 2022 for enhanced edge cleaning and obstacle avoidance.


Founded

2016

HQ

ChinaDongguan

Website

narwal.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$200M (Apr 2025)

Valuation

$2.4B (Apr 2025)

Narwal Robotics Valuation

Narwal Robotics is currently valued at $2.4B, based on its Series E in April 2025.

The $100M round was led by Beijing Robot Industry Fund and Tencent, with participation from Futurobot Holdings, FutureCap, Shoucheng Holdings and Glacier Capital.

Narwal Robotics valuation by funding round

Narwal Robotics valuation by funding round
DateStageValuationRevenue Multiple
Apr 2025Series E$2.4B12.0x

Narwal Robotics Revenue

Narwal Robotics' latest recorded revenue is $200M, as of its Series E in April 2025. At a $2.4B valuation, that implies a 12.0x revenue multiple.

Narwal Robotics revenue by funding round

Narwal Robotics revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2025$200M$2.4B12.0xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Narwal Robotics Funding History

Narwal Robotics has raised a total of $114M across 2 funding rounds.

Narwal Robotics' first fundraising round was a $14M Series B in April 2020. The most recent completed round was a $100M Series E in April 2025.

Narwal Robotics funding rounds

Narwal Robotics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2025Series EBeijing Robot Industry Fund (lead); Tencent (lead); Futurobot Holdings; FutureCap; Shoucheng Holdings; Glacier Capital$100M$2.4BNarwal Robotics is a Chinese household robot company founded in 2016 that specializes in robot vacuums and mopping systems. The company is known for its flagship product, the Narwal T10 2-in-1 self-cleaning robot vacuum and mop, which has sold into over 700,000 households worldwide and won multiple awards including the 2020 Edison Awards. In April 2025, Narwal Robotics raised $100 million in a Series E funding round led by Tencent Holdings and the Beijing Robot Industry Development Investment Fund. The round valued the company at $2.4 billion post-money. The funding was to be used primarily for research and development of the company's next-generation embodied intelligence household robot, featuring a mobile chassis with robotic arms for cleaning elevated surfaces, expected to launch within two years. Additional investors in the round included Sci-Fi Fund and Mingshi Venture Capital, with existing backers from previous rounds including ByteDance and Source Code Capital. Narwal demonstrated strong financial performance in 2024, achieving 130% year-over-year revenue growth and generating $200 million in total revenue. The company's international business was particularly robust, with operations spanning over 50 countries including the US and experiencing nearly 700% revenue growth in overseas markets. In 2024 alone, Narwal launched 10 new products, with floor-sweeping robot revenue increasing over 120% year-on-year and floor-mopping robot revenue surging more than 500% year-on-year. The company has developed proprietary technology including AI binocular vision systems, robotic arms, human-machine interaction capabilities, and AI models. Its double-eye vision recognition technology, which uses two front-facing cameras to mimic human eyesight, was integrated into the Xiaoyao 001 series and enables robots to select cleaning strategies and obstacle avoidance modes based on environmental analysis. The company had over 1,000 employees as of 2022 and plans to expand into more than 70 new markets, projecting at least threefold growth in overall overseas business. Following this funding round, Narwal announced plans to proceed to a pre-IPO funding stage.
Apr 2020Series BByteDance (lead); Source Code Capital (lead); Infore Capital; Dami Ventures$14M-Narwal Robotics, founded in 2016 in Dongguan, Guangdong Province, develops self-cleaning robot vacuums and mops that automatically wash, rinse, and dry mops. The company's flagship product, the Narwal T10, is a 2-in-1 cleaning robot that raised $1.14 million from 1,800 backers on crowdfunding and won multiple awards including a 2020 Edison Award and 2020 CES Innovation Award mention. In April 2020, Narwal completed a Series B funding round of $14 million (100 million yuan) co-led by ByteDance and Source Code Capital, with participation from existing investors Infore Capital and Dami Ventures. As of 2022, Narwal had grown to over 1,000 employees and its products were in over 700,000 households globally, with coverage in major media outlets including TIME, CNET, and TechRadar.

Who has invested in Narwal Robotics?

10 investors have backed Narwal Robotics across its funding rounds, including Tencent, Source Code Capital, FutureCap, ByteDance, Beijing Robot Industry Fund and Glacier Capital.

Lead investors include Beijing Robot Industry Fund, Tencent, ByteDance and Source Code Capital.


Narwal Robotics Investors

Investors in Narwal Robotics by funding rounds participated
InvestorHQRoundsRoleFirst check
ByteDanceChinaBeijing1LeadApr 2020
Futurobot HoldingsChinaHong Kong1ParticipantApr 2025
TencentChinaShenzhen1LeadApr 2025
FutureCapChinaBeijing1ParticipantApr 2025
Beijing Robot Industry FundChinaBeijing1LeadApr 2025
Shoucheng HoldingsChinaHong Kong1ParticipantApr 2025
Glacier CapitalUnited StatesPhoenix, AZ1ParticipantApr 2025
Infore CapitalChinaShenzhen1ParticipantApr 2020

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Investments by Narwal Robotics

Narwal Robotics has invested in 1 company to date.

Latest investment by Narwal Robotics was on October 11th 2023. Narwal Robotics invested in Shanmu SHANMU in their $1M Strategic investment round.


Latest Investments by Narwal Robotics

Shanmu SHANMU
Description
Shanmu is a Shanghai-based specialist in micro medical robots utilizing digital microfluidic chipsets and AI algorithms for urine analysis. Devices monitor metabolic biomarkers continuously, linking results to health conditions and chronic disease management protocols for diabetes and kidney disorders. The platform establishes personalized cycles for patient monitoring and physician alerts.
HQ CountryChina
HQ City
Shenzhen
Deal Date11 Oct 2023
RoundStrategic investment
Raised$1M
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Narwal Robotics Competitors

Narwal Robotics competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Neros Technologies, Orby, Allen Control Systems and ICON.

Public and private companies comparable to Narwal Robotics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
Neros TechnologiesUnited StatesLos Angeles, CAPrivate--$2.5B-
OrbyUnited StatesSan Francisco, CAPrivate--$2.5B-
Allen Control SystemsUnited StatesUnited StatesPrivate--$2.2B-
ICONUnited StatesAustin, TXPrivate--$2.1B-
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x

Narwal Robotics Public Comps

Narwal Robotics is still privately-owned, but its public comps include Space42, Infleqtion, ROKAE Robotics, Eacon Group, Cidi, Xtend AI Robotics, Braiin, AEVEX, Extreme Vision and SEER Robotics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Space42$577M$88M3.7x3.4x24.1x8.7x
Infleqtion$29M($52M)92.3x64.5x(50.9x)(60.0x)
ROKAE Robotics$78M($7M)20.7x-(221.3x)-
Eacon Group$214M($33M)6.6x-(42.5x)-
Cidi$132M($155M)8.8x5.0x(7.5x)(22.7x)
Xtend AI Robotics$20M($27M)64.2x-(47.5x)-
Braiin$73M($15M)15.8x13.0x(76.1x)89.6x
AEVEX$433M$30M5.2x3.5x74.9x25.6x

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Common questions about Narwal Robotics

When was Narwal Robotics founded?Narwal Robotics was founded in 2016.
Where is Narwal Robotics headquartered?Narwal Robotics is headquartered in Dongguan, China.
Is Narwal Robotics publicly listed?No, Narwal Robotics is a private, VC-backed company.
What is Narwal Robotics' valuation?Narwal Robotics was last valued at $2.4B in its Series E in April 2025.
How much funding has Narwal Robotics raised?Narwal Robotics has raised $114M across 2 funding rounds.
What was Narwal Robotics' last funding round?Narwal Robotics' last funding round was a $100M Series E in April 2025, led by Beijing Robot Industry Fund and Tencent.
Who are Narwal Robotics' investors?Narwal Robotics' investors include ByteDance, Futurobot Holdings, Tencent, FutureCap, Beijing Robot Industry Fund, Shoucheng Holdings, Glacier Capital, Infore Capital, Source Code Capital and Dami Ventures.
What is Narwal Robotics' revenue?Narwal Robotics' latest recorded revenue is $200M (April 2025).
What is Narwal Robotics' revenue multiple?Narwal Robotics' latest valuation implies a 12.0x revenue multiple ($2.4B valuation on $200M of revenue).
Which companies are comparable to Narwal Robotics?Companies comparable to Narwal Robotics include UBtech Robotics, Neros Technologies, Orby, Allen Control Systems, ICON and Infleqtion.
How many companies has Narwal Robotics invested in?Narwal Robotics has invested in 1 company, including Shanmu SHANMU.
What was Narwal Robotics' last investment?In October 2023, Narwal Robotics invested in Shanmu SHANMU's $1M strategic investment round.

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