Elite robot closes $27 million series b financing round

Elite Technology, also known as Elite Robot, is a Shanghai-based collaborative robotics company. The company recently closed its Series B financing round of $27 million. This round of funding is led by CICC, with follow-on Investment from National SME Development Fund and Lenovo Capital and Incubator Group.

The product line features manipulators with payload handling capacity of: 3 kg / 6 kg / 12 kg. Elite Robots are lightweight and deliver collaborative automation options for assembly, tightening, machine loading and unloading, material detection, item picking, stacking and destacking, grinding and polishing applications.

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