Key Takeaways
- • Juqiao Industrial closed a 100 million-yuan Series A financing round led by Ant Group, with existing shareholders Lingyi Venture Capital, Weihai Gangrong and Qingdao Hexin increasing their stakes.
- • Duowei Capital acted as the long-term exclusive financial advisor on the round, per the company announcement reported by 36Kr.
- • Proceeds will fund expansion of textile electronic skin production and delivery, tactile and multimodal R&D, and applications in robotics, home furnishing and health care.
- • Juqiao reports more than 400 customers, including over 200 in embodied intelligence, and cumulative tactile glove deliveries approaching 10,000 units.
- • The company's production line in Weihai reports a yield above 95%, with fast prototyping completed within one day.
Summary
Juqiao Industrial has completed a 100 million-yuan Series A financing round led by Ant Group, according to the company's announcement as reported by 36Kr. Existing shareholders Lingyi Venture Capital, Weihai Gangrong and Qingdao Hexin continued to increase their holdings in the round, and Duowei Capital served as the long-term exclusive financial advisor. The round is described in some coverage as a tens-of-millions financing, but the reported figure is 100 million yuan.
The company will use the proceeds to expand production and delivery of textile electronic skin, advance research in tactile and multimodal technologies, and widen applications in robotics, home furnishing and health care products. Juqiao's fabric-based sensing products are used for data collection supporting embodied AI and physical AI model training, robotic arm and body skin, and everyday products such as mattresses and seats. According to the company, it serves more than 400 customers, including over 200 in the embodied intelligence field, and has delivered nearly 10,000 tactile gloves cumulatively.
The company says its approach weaves conductive, piezoresistive and load-bearing fibers into a sensing network, with a full-palm glove carrying hundreds of sensing points per hand at a 2mm minimum spacing and a trigger threshold as low as 0.01N. Its Weihai production line reports a yield above 95%. Coverage of the round is drawn from the company announcement and a single sourced article; independent verification of the financial terms was not available.
The company will use the proceeds to expand production and delivery of textile electronic skin, advance research in tactile and multimodal technologies, and widen applications in robotics, home furnishing and health care products. Juqiao's fabric-based sensing products are used for data collection supporting embodied AI and physical AI model training, robotic arm and body skin, and everyday products such as mattresses and seats. According to the company, it serves more than 400 customers, including over 200 in the embodied intelligence field, and has delivered nearly 10,000 tactile gloves cumulatively.
The company says its approach weaves conductive, piezoresistive and load-bearing fibers into a sensing network, with a full-palm glove carrying hundreds of sensing points per hand at a 2mm minimum spacing and a trigger threshold as low as 0.01N. Its Weihai production line reports a yield above 95%. Coverage of the round is drawn from the company announcement and a single sourced article; independent verification of the financial terms was not available.
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