Xiashi Technology completes Pre-A+ funding round, commercial cleaning robots push toward overseas markets

ZTE-backed Xiashi Technology has announced the completion of a Pre-A+ funding round invested by Ivy Capital; combined with its Pre-A round in the second half of 2023, the total amount is nearly 100 million yuan. The funds will be used for R&D of commercial cleaning robots, channel deployment, and overseas expansion. The article notes that domestic penetration of cleaning robots is below 5% and competition is intense, while overseas demand is more urgent; by the end of 2022, Chinese-made robot vacuums already held more than 50% of overseas market share, but going overseas still faces localization challenges such as differing scenario standards, language and culture, and infrastructure.