The war of cost reduction and efficiency increase of e-commerce retail has spurred the 100 billion-level market of logistics robots, and the wave of industrial intelligence has brought new trends to logistics robots.
With the impact of the epidemic on the physical industry, it has further catalyzed the determination of enterprises to build “unmanned” projects. For logistics robot manufacturers, this is not only a new battleground, but also fertile ground. The nearly doubled gross profit margin makes them geared up. However, the current market structure is still high in entry barriers and few players.
Today, the concept of logistics robots in the robotics industry has gradually become routine in front of the public, and has ushered in a trend of attention. According to the IPO’s known news on June 15, Beijing Jizhijia Technology Co., Ltd. has signed a listing counseling agreement with CICC a few days ago, and plans to be listed on the Science and Technology Innovation Board.
Compared with service robots, logistics robots have a larger market. Intelligent handling in factories, warehousing and logistics applications, unmanned upgrades in manufacturing and the rapid development of e-commerce express delivery have increased the demand for logistics robots. Jizhijia is obviously also aware of the huge market for logistics robots, but it will obviously face fierce competition if it seeks to go public at this time. If Jizhijia wants to seek breakthroughs in more promising areas, can this listing help it seek a better balance under rapid expansion? IPO catchers read more about Jizhijia’s IPO road, so that the outside world has more knowledge about it.
GeekPlus’s financing history
Beijing Jizhijia Technology Co., Ltd. is an intelligent robot company leading the transformation of global intelligent logistics, with a market share of up to 10% in the global AMR market, occupying a leading position in the market. Jizhijia was established in 2015, the company is headquartered in Beijing, and has offices in Hong Kong, Japan, Germany and the United States. The company applies advanced robotics and artificial intelligence technology to create efficient, flexible and reliable solutions to help companies in various industries around the world improve logistics efficiency and achieve intelligent upgrades. At present, Geek+ has served nearly 300 customers, with projects covering e-commerce, retail, footwear, medicine, 3PL, manufacturing, and automotive industries. Relying on stable and reliable products, rich experience in global projects, and efficient and high-quality after-sales service, Jizhijia has become a smart logistics partner for many well-known domestic and foreign brands such as Nike, Decathlon, Wal-Mart, Dell, Suning, and Yonghui. In addition, the technical strength of Gigabyte has also been recognized by industry giants such as Microsoft and Intel, and has formed ecological partners, joining forces to empower enterprises to upgrade intelligently and lead the transformation of smart logistics.
Since its establishment, Jizhijia has quickly ranked first in the financing amount of the AGV industry, and it can be called the most intelligent warehousing enterprise favored by capital. According to the company’s information, Jizhijia has received 7 rounds of financing so far, namely Angel round financing on April 26, 2015, A round financing on May 8, 2016, and A+ round financing on March 19, 2017. , July 13, 2017 Series B financing, November 21, 2018 Series B+ financing, July 10, 2019 Series C financing, June 17, 2020 Series C+ financing. Among them, the most recent C+ round financing investment institutions are Xiangfeng Investment, Yunhui Capital, and Hongwei Capital, with a financing amount of more than 200 million US dollars. GIGA’s business model Jizhijia is an intelligent logistics intelligent robot company, focusing on using robots to change warehousing and manufacturing scenarios. Jizhijia proposed the innovative business model of RaaS in 2018, which can effectively help customers reduce initial investment and lower entry barriers. At the same time, it can also improve the efficiency of robot use and reduce overall operating costs. A shared network of thousands of robots has been created through equipment generation operations or intelligent warehousing services. By creating an intelligent logistics service plan consisting of AMR robots, intelligent systems, and professional operating systems, we will unite with express partners to provide integrated warehouse and distribution services for merchants’ B2B and B2C logistics businesses. Smart warehousing services, one of the RaaS models of Gigabyte, provide brand owners with new options for quickly deploying new channels of logistics, realizing multi-channel operations, and flexibly responding to market changes and promotion fluctuations. The IPO process of Jizhijia According to the IPO’s known news on June 15, Beijing Jizhijia Technology Co., Ltd. has signed a listing counseling agreement with CICC a few days ago, and plans to be listed on the Science and Technology Innovation Board. The IPO price range and the number of shares to be issued have not yet been announced. In terms of equity In terms of equity, the largest shareholder of Jizhijia is Marcasite Gem Holdings Limited, holding 20.70% of the shares; Tianjin Jizhichuangxiang Technology Partnership (Limited Partnership) holds 8.25%, and Tianjin Jizhichuangzhi Technology Partnership (Limited Partnership) holds 8.25%. ) Holds 5.56% of the shares. Among them, Zheng Yong holds a total of 8.72%. At the same time, D1 Capital holds 7.1043% of shares and GGV Capital holds 7.1042% of total shares, and they are listed as the largest institutional investors of Giga Plus. Secondly, Yunhui Capital holds a total of 5.42%, Volcanic Rock Capital holds 3.75%, Gaorong Capital holds 3.31%, and CITIC Industry Fund holds 3.14%. Competitors of GeekPlus At present, the main competitor of Jizhijia is Kuaicang. As a domestic warehousing robot, Jizhijia is characterized by software standardization, stability, and easy delivery in the QR code AMR type, and the market is wide, and it has always occupied a larger market share in the early stage; while the fast warehouse is just the opposite. The hardware and control are very strong. The market is not as good as Zhijia. The disadvantage is the software. Up to now, the project delivery rate of fast warehouse is not very high in the industry. The reason for the many unfinished projects is that the software cannot be customized. demand. In the next few years, Jizhijia and Kuaicang may be able to maintain similar AMR dominance in the form of Kiva. If they bypass the track and use other technologies, they can also find their own track in the subdivision field. With plenty of money, Chika may be able to take the lead. GIGA Venture Capital Reminder: l The robotics industry is a high-tech and capital-intensive industry. The cost of R&D equipment is high. At the same time, a large amount of R&D capital investment and continuous innovation are required to maintain the company’s competitive advantage and competitive position. l Manufacturers of key components of robots are relatively concentrated, and most of them are in the hands of foreign companies, with greater pricing power, which may pose market risks. l If the supplier is unable to provide these production factors as required by the contract in a timely manner, the supplier’s credit risk may arise, and the production and operation of the enterprise cannot be carried out normally. l The threat of entry of potential entrants, the threat of competition from existing enterprises, and the threat of substitution of substitutes will all trigger market risks. From the current point of view, the threat of potential entrants and the threat of competition from existing enterprises have the greatest impact on the competitive landscape of the robotics industry, while the threat of substitution of substitutes has less impact on the robotics industry. Article source: IPO catcher, please indicate the source for reprinting
You must log in to post a comment.