Meituan co-led the unmanned forklift producer’s series C-plus round, which came seven months after a first close that featured ByteDance and Lenovo.

VisionNav Robotics, the China-based maker of self-driving forklifts, raised more than $80m in a series C-plus round co-led by e-commerce group Meituan and venture capital firm 5Y Capital.

The company, which has a presence in 30 markets globally, is planning to use the money to increase its market share further, especially in the logistics sector.

VisionNav provides artificial intelligence, computer vision and deep learning-equipped driverless forklifts that help identify and move goods in warehouses. A shortage of forklift operators, rising…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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