Over 100 million yuan in financing! Hillhouse continues to bet!

Is smart photovoltaic popular?

Recently, Renjie Intelligent Technology Co., Ltd. (hereinafter referred to as "Renjie Intelligent") officially announced a round A financing of over RMB 100 million.

The investment team is also very luxurious, led by Hengxu Capital, followed by Yuantai, Guoyuan and other investors, and the old shareholder, top VC Hillhouse Capital, continues to support. It is reported that the funds raised will be mainly used for the research and development of intelligent photovoltaic power station robots and the optimization and upgrading of full-scene cleaning solutions to meet the growing intelligent demand for photovoltaic power stations around the world.

This financing injection will provide strong support for Renjie Intelligent's future product research and development and market expansion, helping it to further accelerate its layout in the field of intelligent photovoltaic power stations and seize the market share.

Intelligent robots Assisting with photovoltaic operation and maintenance upgrades

Since its establishment in 2019, Renjie Intelligent has been focusing on the research and development, production and industrialization of photovoltaic intelligent cleaning robots. Based on the Internet of Things, artificial intelligence and big data analysis technologies, the company aims at the difficulties in the installation, cleaning and maintenance of photovoltaic power stations, and helps photovoltaic power stations to achieve intelligent operation and maintenance, greatly improving the operation efficiency, power generation and economy of power stations.

Photovoltaic power generation, as a pollution-free new energy source, is taking advantage of the favorable climate. Data shows that the global market size of the photovoltaic industry is growing rapidly. The 7 trillion watts of electricity produced by the photovoltaic industry each year can meet about 70% of the world's electricity demand. Among them, intelligent operation and maintenance management, as a sub-sector, also presents a market size of tens of billions, and there is even more room for future growth.

However, the efficiency of power stations has always been easily affected by dirt such as dust and bird droppings, and traditional manual cleaning has problems such as low efficiency, high cost and potential safety hazards, which has become a problem that troubles operators. With the intensification of industry competition and increasing cost pressure, photovoltaic power station operators are in urgent need of reducing costs and increasing efficiency, and intelligent and refined management of the industry has become an inevitable trend.

The photovoltaic cleaning robot independently developed by Renjie Intelligent can automatically identify and remove dirt, and has strong obstacle-crossing and climbing capabilities. It can adapt to various complex operating environments. The modular design greatly reduces its failure rate while being safe and convenient. It brings the daily operation and maintenance of photovoltaic sites to a new level and opens up a new blue ocean for the application of intelligent robots in the field of new energy.

Innovative technologies build a "moat" for photovoltaic operation and maintenance

With its independently developed core technology, Renjie Intelligent has established a high technical barrier in the field of photovoltaic cleaning robots. Its robot products integrate a number of innovative technologies such as machine vision , environmental perception, and autonomous navigation. They can achieve autonomous adaptation to complex terrain and navigation around obstacles, and have cloud-based remote control and operation and maintenance management functions.

These technological innovations come from Renjie Intelligent's strong R&D capabilities. The company's R&D team brings together top photovoltaic and robotics experts from home and abroad, with annual R&D investment exceeding 25% of revenue. The technological achievements being incubated also indicate that the product line will continue to upgrade. In the future, Renjie Intelligent will continue to increase R&D investment, accelerate technological iteration, and continuously consolidate its leading position in the industry.

It is precisely these "hard-core technology" advantages that have enabled Renjie Intelligent to quickly gain customer recognition in the field of photovoltaic cleaning and achieve rapid development around the world. At present, its cleaning robot solutions have served 14 countries and regions including the Middle East, Latin America, China, and India, with more than 13GW of photovoltaic power station projects, and the number of customers and order amounts have maintained a high growth trend.

Previously, Renjie Intelligence has successfully completed angel round and Pre-A round financing, and previous financing included well-known investment institutions such as iFlytek and Gaoling Investment.

The strategic investors introduced in this round of financing are Hengxu Capital, Yuantai Capital and Guoyuan Capital, all of which are experienced investment institutions in the industrial field. Among them, Hengxu Capital is experienced and has invested in many intelligent robot companies, Yuantai Capital has a deep accumulation in the power industry, and Guoyuan Capital focuses on advanced manufacturing. The participation of these three powerful institutions will provide strong support for Renjie Intelligent in core technology innovation and industry application expansion.

At the same time, old shareholder Hillhouse Capital continued to increase its holdings, fully demonstrating its support for the company's development path and strategic layout. Hillhouse Capital is a top venture capital institution in China. As early as Renjie Intelligent was established, it was optimistic about the company's high growth potential driven by technology. This continued increase in investment will also effectively boost the team's confidence.

Last words

This round of financing of over 100 million yuan reflects the capital market's high recognition of Renjie Intelligent's development prospects. At present, Renjie Intelligent has achieved initial success with its leading technical strength. In the future, with the acceleration of the industry's intelligent transformation, its product advantages will be fully reflected and the market space will expand rapidly.

We believe that with the help of capital, Renjie Intelligence will accelerate the layout of industry opportunities and continue to release strong technological innovation capabilities. Its high growth trend is also expected to create new growth opportunities for the industry.