Yushu Technology’s registered capital increased from 2.89 million to 360 million, an increase of 12,500% – Passionategeekz –

[CNMO Technology News]Recently, Hangzhou Yushu Technology Co., Ltd. (hereinafter referred to as “Yushu Technology”) completed industrial and commercial changes again, with its registered capital increased from about 2.89 million yuan to about 360 million yuan, an increase of up to 12,500%.

Yushu Technology

It is reported that since its establishment in 2016, Yushu Technology has experienced many capital expansions. Previously, its registered capital increased from about 2.594 million yuan to about 2.89 million yuan. Subsequently, in this industrial and commercial change, its registered capital further jumped to 360 million yuan, an increase of 12,500%.

Yushu Technology was established in August 2016. The legal representative is Wang Xingxing. The company’s main business covers the research and development and sales of intelligent robots, the manufacturing and sales of industrial robots, and the manufacturing of mechanical equipment and electrical equipment. The company is jointly held by Wang Xingxing, Hanhai Information Technology (Shanghai) Co., Ltd., Ningbo Sequoia Kesheng Equity Investment Partnership (Limited Partnership), etc. As the founder, Wang Xingxing has led the team to independently develop the four-legged robot X Dog since he founded Yushu Technology in 2016, and successfully debuted at the Beijing Winter Olympics in 2022, becoming an industry benchmark.

The significant increase in registered capital this time is also regarded as a sign of Yushu Technology’s continued efforts in the field of intelligent robots. A securities report pointed out that Yushu Technology’s registered capital expansion is closely related to its technological breakthroughs in the field of humanoid robots. For example, its newly released H1 humanoid robot has 47 degrees of freedom, can complete difficult movements and walk stably in complex terrain. In addition, Yushu Technology also plans to launch a new robot in 2025 to further expand its product line.

It is worth noting that Yushu Technology’s capital expansion is not an isolated incident. As early as February 2024, the company completed its B2 round of financing with an amount of nearly 1 billion yuan, with a total of seven rounds of financing, with a valuation of 20 billion yuan.

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