Geek+ Raises $281 Million in IPO at a $2.8 Billion Valuation

Geek+ is a global leader in warehouse automation, known for its advanced autonomous mobile robots (AMRs) powering logistics for companies like Nike, Walmart, and UPS. With over 40,000 robots deployed across 30+ countries, its intelligent robotics platform is transforming supply chains at scale.

The company has raised approximately $281 million in its IPO on the Hong Kong Stock Exchange, reaching a market cap of $2.8 billion. Key investors include Warburg Pincus, Ant Group, and Granite Asia.

Geek+, headquartered in Beijing, China, was founded in 2015 by Yong Zheng, Hongbo Li, Kai Liu, and Xi Chen. In 2018, the company joined the unicorn club. Since then, it has grown from a basement startup into a global powerhouse with offices across Asia, Europe, and North America. The IPO proceeds will fuel next-generation R&D in goods-to-person robotics and intelligent navigation, while accelerating international expansion through localized teams and its 1,500-strong workforce.

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