Changyao Innovation secures multi-million yuan angel funding to advance its vision-based lawn mowing robots, positioning itself for growth in the evolving lawn care robotics market.

Target Information

Changyao Innovation Technology (Shenzhen) Co., Ltd. (referred to as "Changyao Innovation") recently secured an angel round funding of several million yuan, with investments from Dongfang Fuhai, Blue Ocean Zhili Capital, Waterwood Wutong Capital, Brizan Ventures, and angel investor Xian Shaohua. This funding round also saw participation from global microelectronics expert and former Dean of the Hong Kong University of Science and Technology's College of Engineering, Professor Gao Bingqiang, as well as Lu Feng, Executive Director at Guangyuan Capital, and Andrew, founding partner of Brizan. The capital raised will be dedicated to product development and team expansion.

Established in 2022, Changyao Innovation is an innovative technology company focused on providing intelligent robotics for households worldwide. Their first-generation product centers around fully automating lawn maintenance, specifically a vision-based lawn mowing robot. The demand for lawn mowing robots primarily comes from international markets. Statistics indicate there are approximately 250 million private lawns and gardens worldwide, which require maintenance for about eight months each year. However, in the United States, the automation rate of lawn care tools is still under 1%. In 2022, the global lawn care tools and services market reached a valuation of $60 billion, while the market for lawn mowing robots stood at only $700 million, highlighting a burgeoning market for industry participants.

Industry Overview

The lawn care robotics sector is poised for growth, driven by increasing interest in automation solutions to enhance efficiency. The industry's potential is anchored in a variety of consumer needs and market segments, each necessitating different technological solutions. Changyao Inn