Recently, Chiehey Technology (Wuxi) Co., Ltd. officially completed a new round of financing worth tens of millions of RMB. This round was led by Wuxi Jinyu Qihang Enterprise, with participation from existing shareholder Yuandu Venture Capital. The funds raised will mainly be used to promote the implementation of industrial embodied intelligence scenarios, product iteration and upgrades, and market expansion, further consolidating the company’s leading position in the intelligent spray painting robot industry.
Founded in July 2021, Chiehey is a high-tech enterprise specializing in the research, development, production, sales, and application of intelligent spray painting robots. As the only company in China focused on embodied intelligence applications in industrial coating scenarios, the company has consistently adhered to the technical route of “AI + Robotics + Process Technology.” It was among the first domestic enterprises to propose solving flexible spraying challenges in manufacturing through this approach.
The company has independently developed a proprietary “Flexible Coating System,” which integrates “hands, eyes, and brain” within industrial coating applications. This system effectively solves industry pain points such as diverse workpiece types and difficult positioning tasks. Currently, the company has six mature intelligent spray painting robot products and has formed three major business segments:
- Intelligent spray painting robots
- Automated coating solutions
- Flexible shared spray booth systems
The company provides intelligent coating services for multiple industries and application scenarios, including automotive parts, white goods, truck bodies, motors, and containers. Its customers include well-known enterprises such as China State Shipbuilding Corporation, CRRC Corporation Limited, FAW Group, Siemens, and Opple Lighting.
Relying on the technical expertise accumulated by its core team, Chiehey continues to break through technological barriers by adopting a two-step development strategy.
First, in the general industrial sector, as challenges such as the aging workforce of spray painters, rising labor costs, and increasing workforce mobility become more prominent, the company focuses on implementing embodied intelligence technologies in industrial coating scenarios. Its goal is to truly replace manual labor by solving challenges such as workpiece type recognition, positioning, and spray path acquisition integrated with coating processes, helping enterprises achieve intelligent transformation and upgrading.
Second, in the automotive manufacturing sector, the company has developed hollow-wrist spray painting robots specifically for vehicle and automotive component coating applications, aiming to achieve domestic substitution in automotive spray painting robotics. It is widely recognized that the automotive spray painting robot market has long been dominated by imported brands such as ABB, Dürr, and FANUC, whose products are expensive. Since its establishment, the company has been committed to surpassing imported technologies and pursuing excellence.
Before this financing round, Chiehey had already completed two rounds of financing, with cumulative funding reaching tens of millions of RMB. This latest round was led by Wuxi Jinyu Qihang, an investment institution focused on advanced manufacturing, intelligent robotics, and new energy industries.
The investment in Chiehey reflects strong confidence in the promising future of the intelligent coating industry, as well as high recognition of the company’s core team, technological capabilities, and market growth potential.
Yuandu Venture Capital’s continued investment in this round also demonstrates its recognition of the company’s development achievements over the past few years and its long-term confidence in the company. This fully highlights the capital market’s strong recognition of Chiehey’s strategic布局 in intelligent spray coating technologies, while providing solid financial and resource support for the company’s future industrial embodied intelligence applications, product upgrades, and market expansion efforts.
