Rokae Valuation, Funding & Investors

Rokae is valued at $155M as of August 2020.

See full Rokae profile

Last Rokae valuation

$155M

Series C · Aug 2020

Last Rokae funding round

$69M

Undisclosed stage · Apr 2024

Cumulative funding Rokae raised

$207M

across 6 funding rounds

Key investors in Rokae

  • THG Ventures
  • Shunwei Capital
  • Shenzhen Capital Group
  • Plum Ventures
  • GSR United Capital
  • Delian Capital

Rokae Overview

About Rokae

Rokae is a Beijing-based robotics company that designs collaborative and industrial robots, including the xMate cobot series with payloads from 3 to 7 kilograms and industrial robots handling 4 to 25 kilograms. Founded in 2015, it serves customers such as Schaeffler, Valeo, and Xiaomi across auto parts, electronics, metals, sewing, and healthcare applications in more than a dozen countries. The company runs research centers in Beijing with branches in Suzhou and Shenzhen and is building a manufacturing complex in Shandong province.


Founded

2014

HQ

ChinaBeijing

Website

rokae.com

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$155M (Aug 2020)

Rokae Valuation

Rokae is currently valued at $155M, based on its Series C in August 2020.

The $14M round was led by Xianghe Capital.

Rokae valuation by funding round

Rokae valuation by funding round
DateStageValuation
Aug 2020Series C$155M

Rokae Funding History

Rokae has raised a total of $207M across 6 funding rounds.

Rokae's first fundraising round was a $6M Series A in November 2017. The most recent completed round was a $69M undisclosed-stage round in April 2024.

Rokae funding rounds

Rokae funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2024Undisclosed stageNational Manufacturing Transformation and Upgrading Fund (lead); Delian Capital; Innolink Fund; Shandong Xinye Equity Investment Management$69M-ROKAE Robotics, a Beijing-based company founded in 2015, develops collaborative and industrial robots for industries including auto parts, electronics, metals, automatic sewing, and healthcare. The company offers products like the xMate cobot series with payloads from 3-7 kg and industrial robots with 4-25 kg payloads, serving customers such as Schaeffler, Valeo, and Xiaomi across 12 countries including Germany, France, Russia, Japan, and Korea. ROKAE operates research centers in Beijing and branches in Suzhou and Shenzhen, and is building an industrial complex in Shandong province for 10,000 annual robot output. In April 2024, ROKAE raised approximately $69.1 million (500 million yuan) in a strategic private equity round led by the National Manufacturing Transformation and Upgrading Fund, with participation from Shandong Xinye Equity Investment Management (also referred to as Xinye Capital or Zoucheng City New Energy Industry Investment Fund) and others. This marks the company's seventh funding round, bringing total capital raised to over $207 million. Previous rounds include a $62.8-63 million strategic investment in February 2022 led by New Hope Group and a $30-31 million Series C+ in 2021 from Shenzhen Capital Group and Grand Flight Investment. The company aims to expand R&D, product commercialization, and global presence, positioning itself as a leader in full-range industrial robots.
Feb 2022Undisclosed stageNew Hope Sichuan Venture Capital Fund (lead)$63M-Rokae is a Beijing-based robotics company specializing in industrial robotics, focusing on core technologies like RV reducers and system solutions for smart manufacturing. It has raised funding across multiple rounds, including a Series C - III on 2/7/2022 from New Hope Group. Subsequent rounds include a strategic investment of CNY 400 million from New Hope Group in August 2023 and a strategic+ round exceeding CNY 500 million (USD 69.1 million) in April 2024 led by National Manufacturing Transformation and Upgrading Fund and Zoucheng City New Growth Drivers Industry Investment Fund, with funds directed toward market development, international expansion, product upgrades, and operations. Earlier funding includes Series A of CNY 40 million in 2017 from THG Ventures and Delian Capital, and Series B of CNY 160 million in 2019 led by Shunwei Capital with participation from GSR Union, THG Ventures, and Plum Ventures. Total funding to date exceeds $207 million over 7 rounds. Rokae has garnered recognition from national funds for its leadership in industrial robotics, with the 2024 investment noted as the largest capital injection in intelligent manufacturing by the lead fund, indicating strong growth prospects amid China's high-quality development push in smart manufacturing. Competitive context positions Rokae as narrowing the gap with international robotics leaders through R&D investment, targeting sectors like new energy vehicles and next-generation IT. Investors include Shenzhen Capital Group and Grand Flight Investment in prior rounds, with 11 total backers.
May 2021Series CGrand Flight Investment (lead); Shenzhen Capital Group (lead)$31M-Rokae Beijing Technology, a Chinese industrial robot manufacturer specializing in light industrial robots and next-generation flexible robots for precision machining, medical treatment, auto parts assembly, and scientific research, raised CNY200 million (USD31.4 million) in its C+ financing round on May 31, 2021, led by Shenzhen Capital Group and Grand Flight Investment. Clients include Schaeffler and Xiaomi. Proceeds are allocated to research and development, industrial applications, commercial delivery, development of a new xCore control system, and construction of a smart factory in Shandong province with 10,000 units annual output starting in October 2021. The funding supports Rokae's expansion amid China's push for intelligent manufacturing and automation to address aging population and cost reduction in factories. Rokae, founded in 2014, operates research centers in Beijing with branches in Suzhou and Shenzhen. This round follows prior investments and precedes later ones, such as a 2024 private equity round of $69.12M. The company has raised approximately $207.22M over 7 rounds total.
Aug 2020Series CXianghe Capital (lead)$14M$155MRokae is a Beijing-based Chinese industrial robot company specializing in lightweight robotic arms for manufacturing tasks such as smartphone polishing, printing machine cleaning, and glue spreading. The company completed a RMB100 million Series C1 round led by Xianghe Capital around August 2020. An HKEX filing details the Series C investment by Xiang He Fund II, L.P. with a post-money valuation of RMB1,070 million and pre-money of RMB970 million, closing in November 2020. Multiple sources confirm the RMB100 million (approximately USD14.4-14.5 million) funding amount matching the specified investor and timing.
Sep 2018Series BShunwei Capital (lead); GSR United Capital; Nanchang Xinshiji Chuangtou; THG Ventures; Plum Ventures$23M-ROKAE Robotics is a Chinese industrial robot company specializing in light-weight flexible industrial and collaborative robots, founded in 2018 and headquartered in Beijing with R&D centers in Beijing, Tokyo, Wuhan, and Shandong, and a factory in Shandong with over 50,000 units annual capacity. The company has branches in Suzhou, Shenzhen, and Wuhan for sales and support, and over 80% of its core R&D team holds master's degrees or higher from top Chinese universities. Investors mentioned across its funding history include New Hope Group, Shenzhen Capital Group, and Shunwei Capital, with the company claiming the record for highest valuation and largest financing among domestic robot startups at some point. Later rounds include a 100 million yuan ($14.48M) Series C1 in 2018 led by an unspecified lead, C series over 300 million yuan in 2021, and 400 million yuan strategic financing in February 2022 led by New Hope Group for intelligent industrial upgrading. Overall, Rokae has raised $207.22M over 7 rounds as of 2024.
Nov 2017Series ATHG Ventures (lead)$6M-Rokae is a Beijing-based company developing lightweight industrial robot arms. In November 2017, it raised $6 million in a Series A round led by THG Ventures, the venture arm of Tsinghua Holdings, with participation from Delin Capital.

Who has invested in Rokae?

13 investors have backed Rokae across its funding rounds, including THG Ventures, Shunwei Capital, Shenzhen Capital Group, Plum Ventures, GSR United Capital and Delian Capital.

Lead investors include National Manufacturing Transformation and Upgrading Fund, New Hope Sichuan Venture Capital Fund, Grand Flight Investment, Shenzhen Capital Group, Xianghe Capital and 2 other investors.


Rokae Investors

Investors in Rokae by funding rounds participated
InvestorHQRoundsRoleFirst check
THG VenturesChinaChina2LeadNov 2017
Grand Flight InvestmentChinaShanghai1LeadMay 2021
Xianghe CapitalChinaBeijing1LeadAug 2020
GSR United CapitalChinaBeijing1ParticipantSep 2018
Nanchang Xinshiji ChuangtouChinaNanchang1ParticipantSep 2018
New Hope Sichuan Venture Capital FundChinaBeijing1LeadFeb 2022
Delian CapitalChinaBeijing1ParticipantApr 2024
Innolink FundChinaBeijing1ParticipantApr 2024
Shunwei CapitalChinaBeijing1LeadSep 2018
Shenzhen Capital GroupChinaShenzhen1LeadMay 2021
National Manufacturing Transformation and Upgrading FundChinaBeijing1LeadApr 2024

This data is available for Pro users. Sign up to see all 13 Rokae investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Rokae Competitors

Rokae competitors include listed companies like Honghua Group and Systems Engineering, and private ones like Inkbit, Infinite Uptime, Aiphoria and Haber.

Public and private companies comparable to Rokae
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
InkbitUnited StatesBoston, MAPrivate--$156M-
Infinite UptimeIndiaPunePrivate$6M-$158M26.3x
AiphoriaUnited KingdomLondonPrivate--$150M-
HaberIndiaPunePrivate$9M-$148M16.4x
Honghua GroupChinaChinaPublicly listed$819M$78M$121M-
Systems EngineeringJapanJapanPublicly listed$72M$14M$205M2.2x

Rokae Public Comps

Rokae is still privately-owned, but its public comps include Hdclabs, Everybot, Honghua Group, Kudan, Systems Engineering, Firefly, SmartRent, Angel Robotics, Maytronics and Hunan Copote Science.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hdclabs$470M$15M0.2x0.2x4.9x-
Everybot$25M($7M)4.8x-(17.7x)-
Honghua Group$819M$78M0.9x-9.7x-
Kudan$8M($1M)12.1x13.3x(79.7x)-
Systems Engineering$72M$14M2.3x2.2x12.3x-
Firefly$51M$7M1.9x-14.9x-
SmartRent$152M($56M)0.9x0.9x(2.4x)(54.1x)
Angel Robotics$3M($6M)61.7x-(33.3x)-

This data is available for Pro users. Sign up to see all Rokae competitors and their valuation data.

Start Free Trial

Common questions about Rokae

When was Rokae founded?Rokae was founded in 2014.
Where is Rokae headquartered?Rokae is headquartered in Beijing, China.
Is Rokae publicly listed?No, Rokae is a private, VC-backed company.
What is Rokae's valuation?Rokae was last valued at $155M in its Series C in August 2020.
How much funding has Rokae raised?Rokae has raised $207M across 6 funding rounds.
What was Rokae's last funding round?Rokae's last funding round was a $69M undisclosed-stage round in April 2024, led by National Manufacturing Transformation and Upgrading Fund.
Who are Rokae's investors?Rokae's investors include THG Ventures, Grand Flight Investment, Xianghe Capital, GSR United Capital, Nanchang Xinshiji Chuangtou, New Hope Sichuan Venture Capital Fund, Delian Capital, Innolink Fund, Shunwei Capital, Shenzhen Capital Group and 3 others.
Which companies are comparable to Rokae?Companies comparable to Rokae include Inkbit, Infinite Uptime, Aiphoria, Haber, Honghua Group and Systems Engineering.

See companies similar to Rokae

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial