On July 9, Geekplus Technology Co., Ltd. (referred to as "Geek+"), a portfolio company of Xiamen Yuanfeng Equity Investment Fund Partnership (Limited Partnership) (referred to as "Xiamen Yuanfeng Fund")—a cooperative sub-fund of Nanjing Innovation Investment Group—successfully listed on the main board of the Hong Kong Stock Exchange under the stock code 2590.HK.
Founded in 2015, Geek+ is a globally leading provider of AMR (Autonomous Mobile Robot) solutions. The company continuously focuses on empowering warehouse fulfillment and industrial handling scenarios, enhancing supply chain efficiency through a series of AMR solutions. Geek+ boasts the industry's largest customer base and the most extensive global business network. As of the end of 2024, its operations spanned over 40 countries and regions worldwide, serving more than 800 major global customers, with deep penetration in sectors such as third-party logistics and retail e-commerce.
Xiamen Yuanfeng Fund was established in September 2020 with a scale of RMB 20 billion. The Nanjing Innovation Investment Group, through its entrusted management of the Hexi Venture Capital Mother Fund, invested RMB 100 million in this fund. Xiamen Yuanfeng Fund conducts investments through minority equity or controlling stakes, focusing on core sectors including healthcare and wellness, consumer and internet, technology and industry, as well as infrastructure and enterprise services. To date, the fund has invested in over 50 projects, with 9 having successfully listed, 1 filed for listing, and 8 in preparation for IPO. The fund invested in Geek+ in 2020 and provided support in connecting upstream and downstream resources post-investment. From 2021 to 2024, the company's orders and revenue achieved significant growth, making Geek+ one of the largest companies by revenue among listed robotics firms on the Hong Kong Stock Exchange and one of the most successful commercialized To B robotics enterprises.
Source: Fund Department, Wang Yanan
Reviewed by: Xue Yao
Published by: You Yi
