2025.04.17
Yunjing Intelligence Innovation (Shenzhen) Co., Ltd. ("Narwal ") recently completed its E2 round of financing. This round of investment was led by Tencent Investment and Beijing Robot Industry Development Fund (Limited Partnership), with co-investment from Beijing Shoushi Science Fiction Industry Equity Investment Fund (Limited Partnership) and Futurobot Holdings, L.P. JunHe acted as the special legal counsel to Beijing Robot Industry Development Fund (Limited Partnership) and Beijing Shoushi Science Fiction Industry Equity Investment Fund (Limited Partnership).
Narwal is known for its household robot vacuums and mops and develops revolutionary technological products. It has ranked among the top 50 Chinese robotics tech companies for two consecutive years and has appeared on Hurun’s Global Unicorn List for three consecutive years. In 2024, Narwal's revenue grew by more than 130% year-on-year, with overseas market growth close to 700%, and its market share of robotic vacuum cleaners ranked first during the Double 12 shopping festival.
Narwal has established a presence in multiple technology areas, including AI binocular vision, robotic arms, human-machine interaction and AI models. It is developing embodied robotics, designed for hands-free cleaning and aims to provide one-click solutions for cleaning and organizing household spaces.
JunHe acted as the special legal counsel and participated throughout the entire project. The JunHe team conducted the legal due diligence on Narwal and its subsidiaries, drafted the transaction documents, and provided professional and comprehensive legal services to ensure the completion of the project on schedule. Their consistently rigorous and efficient legal services was highly recognized and trusted by the clients.
Partner Joe Wan led the JunHe team. Partners Joe Wan and ZHU, Yuanyuan were responsible for the specific work.
