- Companies
- VisionNav Robotics
VisionNav Robotics Revenue, Valuation, Funding & Investors
VisionNav Robotics is valued at $500M as of April 2022, a 16.1x multiple on its last reported $31M revenue.
Last VisionNav Robotics valuation
$500M
Series C · Apr 2022
Last VisionNav Robotics funding round
$78M
Series C · Apr 2022
VisionNav Robotics revenue
$31M
Series C · Apr 2022
Key investors in VisionNav Robotics
Eastern Bell Capital
Lenovo Capital and Incubator Group (LCIG)
IDG Capital
Shunwei Capital
5Y Capital
CICC
About VisionNav Robotics
VisionNav Robotics is a Shenzhen-headquartered supplier of autonomous guided vehicles including forklifts and pallet trucks for warehouse automation. Supporting pallet transfers in 2-meter aisles, 9.4-meter rack storage, and truck loading, its AI-driven fleet operates in over 50 facilities for automotive, e-commerce, and pharmaceutical clients in China, Europe, and North America.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$31M (Apr 2022)
Valuation
$500M (Apr 2022)
VisionNav Robotics Valuation
VisionNav Robotics is currently valued at $500M, based on its Series C in April 2022.
The $78M round was led by 5Y Capital and Meituan.
VisionNav Robotics valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2022 | Series C | $500M | 16.1x |
VisionNav Robotics Revenue
VisionNav Robotics' latest recorded revenue is $31M, as of its Series C in April 2022. At a $500M valuation, that implies a 16.1x revenue multiple.
VisionNav Robotics revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2022 | $31M | $500M | 16.1x | Series C |
* 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.
VisionNav Robotics Funding History
VisionNav Robotics has raised a total of $141M across 5 funding rounds.
VisionNav Robotics' first fundraising round was a $2M angel round in October 2016. The most recent completed round was a $78M Series C in April 2022.
VisionNav Robotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series C | 5Y Capital (lead); Meituan (lead) | $78M | $500M | VisionNav Robotics, founded in 2016 by PhDs from the University of Tokyo and the Chinese University of Hong Kong, develops autonomous forklifts, stackers, unmanned tractors, and other driverless industrial vehicles using AI, deep learning, vision, and radar technologies for intralogistics in complex scenarios like high rack storage and narrow aisles. The Shenzhen-based company raised approximately $76-80 million in a Series C extension (C+) round on April 29, 2022, led by Meituan and 5Y Capital, with participation from IDG, ByteDance, Shunwei Capital, achieving a post-money valuation over $500 million, up from $393 million in the prior Series C six months earlier. The funding supports expansion into driverless truck loading, semi-outdoor operations, globalization with marketing centers in over 30 countries, and subsidiaries in Europe and the U.S., targeting markets like Southeast Asia, East Asia, the Netherlands, U.K., and Hungary. By the round, VisionNav had delivered over 350 projects and 1,500+ units to Fortune 500 clients in auto parts, petrochemicals, e-commerce logistics, and more, with 70% in complex scenarios, partnering with systems integrators for sales. Financially, total sales revenue in 2021 was 200-250 million yuan ($31-39 million), following 10x growth from 2019-2021; 2022 projections estimated 300% surge over 2021, with average order value up 350% and repurchase orders up 300%, aiming for 5x business scale increase. The company had ~400 employees in China, planning to reach 1,000 via overseas hiring, expecting 50-60% revenue from abroad soon versus current 30-40%, with the U.S. as a key market due to its larger forklift industry revenue. Competitors include Seegrid and Balyo, but VisionNav leverages China-based cost advantages in manufacturing and R&D. This marked the largest single funding in driverless industrial vehicles globally at the time, positioning it as a leader amid China's push for industrial robotics efficiency. |
| Sep 2021 | Series C | ByteDance; IDG Capital; Shunwei Capital; CICC; Lenovo Capital and Incubator Group (LCIG); Eastern Bell Capital; Unicom Venture Capital | $47M | - | VisionNav Robotics is a Shenzhen-based startup founded in 2016 by PhDs from the University of Tokyo and the Chinese University of Hong Kong, specializing in automated guided vehicles (AGVs) for logistics, initially focused on indoor solutions and expanding to semi-outdoor unmanned truck loading using vision and radar technologies. The company raised approximately $47 million (300 million yuan) in a Series C round around September 2021, matching the investor list including ByteDance, CICC, Eastern Bell Capital, IDG Capital, Lenovo Capital and Incubator Group, Shunwei Capital, and Unicom Venture Capital. Six months later, in April 2022, it secured a Series C extension of 500 million yuan ($76 million) at over $500 million valuation, up from $393 million previously. VisionNav generated total sales revenues between 200 million yuan ($31 million) and 250 million yuan ($39 million) in the prior year (2021), near the time of the September 2021 round, with current international revenues at 30-40% and expectations to reach 50-60% soon through expansion in Southeast Asia, East Asia, Europe, the UK, Hungary, and the US. It employs around 400 people across China, planning to grow to 1,000 by hiring overseas, and partners with system integrators for robot sales to simplify data compliance in foreign markets. Competitors include Seegrid in the US and Balyo in France, with VisionNav citing a price advantage from its China-based manufacturing and R&D. |
| Jun 2020 | Series B | Lenovo Capital and Incubator Group (LCIG) (lead); Flyfot Ventures; Eastern Bell Capital | $14M | - | VisionNav Robotics, a Shenzhen-based provider of autonomous guided vehicles (AGVs) including vision-guided forklifts for unmanned warehouses in manufacturing and logistics, closed a RMB 100 million (USD 14 million) Series B1 funding round around June 2020. The round was led by Lenovo Capital and Incubator Group (LCIG), with participation from Flyfot Ventures and Eastern Bell Capital. Funds were allocated to develop visual controlling and sensing systems for unmanned vehicles and to support business development. Clients at the time included JD.com, DHL, and Amway. |
| May 2018 | Series A | Eastern Bell Capital | $2M | - | - |
| Oct 2016 | Angel | COCOCapital; Ivy Capital | $2M | - | - |
Who has invested in VisionNav Robotics?
12 investors have backed VisionNav Robotics across its funding rounds, including Eastern Bell Capital, Lenovo Capital and Incubator Group (LCIG), IDG Capital, Shunwei Capital, 5Y Capital and CICC.
Lead investors include 5Y Capital, Meituan and Lenovo Capital and Incubator Group (LCIG).
VisionNav Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2018 | ||
| 2 | Lead | Jun 2020 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 12 VisionNav Robotics 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 TrialVisionNav Robotics Competitors
VisionNav Robotics competitors include listed companies like Kodiak AI and Shenzhen Sunwin, and private ones like BrightAI, Kingsware, Telexistence and AssetWatch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $300M | 3.0x | ||
| Private | - | - | $502M | - | ||
| Private | - | - | $497M | - | ||
| Private | - | - | $437M | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Publicly listed | $20M | ($147M) | $687M | - |
VisionNav Robotics Public Comps
VisionNav Robotics is still privately-owned, but its public comps include Nanjing Bestway, Hansen Technologies, Clobot, Chrysos Corp., Stemmer Imaging, AsiaInfo, Columbus McKinnon, Hebei Gongda Keya Technology Group, Robostar and Jiangxi Tianli Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $144M | $25M | 2.6x | 2.4x | 14.8x | 14.2x | |||
| $275M | $52M | 1.9x | 1.9x | 9.8x | 6.3x | |||
| $30M | ($2M) | 16.3x | 17.6x | (290.8x) | - | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $118M | $11M | 3.9x | - | 41.7x | - | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $1.2B | ($68M) | 3.0x | 2.2x | (51.8x) | 12.2x | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
This data is available for Pro users. Sign up to see all VisionNav Robotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about VisionNav Robotics
| When was VisionNav Robotics founded? | VisionNav Robotics was founded in 2016. |
| Where is VisionNav Robotics headquartered? | VisionNav Robotics is headquartered in Atlanta, GA, United States. |
| Is VisionNav Robotics publicly listed? | No, VisionNav Robotics is a private, VC-backed company. |
| What is VisionNav Robotics' valuation? | VisionNav Robotics was last valued at $500M in its Series C in April 2022. |
| How much funding has VisionNav Robotics raised? | VisionNav Robotics has raised $141M across 5 funding rounds. |
| What was VisionNav Robotics' last funding round? | VisionNav Robotics' last funding round was a $78M Series C in April 2022, led by 5Y Capital and Meituan. |
| Who are VisionNav Robotics' investors? | VisionNav Robotics' investors include Eastern Bell Capital, Lenovo Capital and Incubator Group (LCIG), ByteDance, IDG Capital, Meituan, COCOCapital, Shunwei Capital, CICC, 5Y Capital, Flyfot Ventures and 2 others. |
| What is VisionNav Robotics' revenue? | VisionNav Robotics' latest recorded revenue is $31M (April 2022). |
| What is VisionNav Robotics' revenue multiple? | VisionNav Robotics' latest valuation implies a 16.1x revenue multiple ($500M valuation on $31M of revenue). |
| Which companies are comparable to VisionNav Robotics? | Companies comparable to VisionNav Robotics include BrightAI, Kingsware, Telexistence, AssetWatch, Kodiak AI and Shenzhen Sunwin. |
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