Smart Robort Vaccum Maker Narwal nets $100 Million for Next-gen Development

Narwal, a Chinese manufacturer of home cleaning robots, has received $100 million to speed its global operations and advance the development of its next-generation embodied cleaning robots. Tencent Investment and the Beijing Robotics Industry Investment Fund lead the round, with Future Capital and Sci-Fi VC also participating. The sole financial advisor was Gengxin Capital.

The company is creating a robot that can handle three-dimensional cleaning and storage duties around the house. Within two years, the product—which includes a 3D visual sensor system, robotic arm, and patented mobile base—should be on the market.

According to Narwal, the money will go toward R&D, international growth, and a multi-category product strategy. In addition, it has started to raise money for a Pre-IPO round before a projected listing.

Narwal's revenue more than doubled in 2024, and its sales abroad increased by over seven times annually. With more than 500 retail locations, the organization presently operates in more than 70 Chinese cities. It has collaborated with stores like Best Buy and Costco in North America and expanded into more than 50 markets worldwide.

In order to support localization efforts, Narwal plans to establish local teams in strategic markets such as Germany, France, Japan, and Australia and anticipates expanding into over 70 new countries by 2025.