Huaxi Group vehicle V-Capital contributed to an eight-figure round for SF Express-backed logistics robot technology developer Galaxis Technology.

China-based robotics technology developer Galaxis Technology, has raised an eight-figure dollar amount in a series D round featuring steel producer Huaxi Group’s V-Capital vehicle, DealStreetAsia reported yesterday.

The round was led by CICC Capital, a subsidiary of investment banking group China International Capital Corporation, and included financial services firm Industrial Bank, Sumin Investment, SinoKing Capital, Huagai Capital and Orize Prior, a division of fund manager Oriza Holdings.

Galaxis produces robotics systems for use in logistics operations such as the collection,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.