Deer Robot (Luming Robotics) Closes Around 1 Billion RMB Across A1 and A2 Rounds, Led by Mitsubishi Electric

Deer Robot closed its A1 and A2 funding rounds at about 1 billion RMB in total.

Mitsubishi Electric’s China operations led both rounds, alongside investors including Puhua Capital and others.

The company will use the capital to accelerate embodied AI products for industrial and logistics use cases.

Its roadmap includes humanoid robots, wheeled-arm robots, and factory inspection projects through joint labs.