高榕创投辛旺：极智嘉最早的机构投资人之一，机器人产业的浪潮才刚刚开始

Core Viewpoint - Beijing Jingzhijia Technology Co., Ltd. officially listed on the Hong Kong Stock Exchange on July 9, 2025, under the stock code "2590," becoming the world's first stock for AMR warehouse robots [2] Group 1: Company Overview - Jingzhijia is the largest H-share IPO for a robotics company to date and the largest non-"A+H" technology IPO in Hong Kong this year [2] - The company has attracted investments from numerous well-known institutions and industry players, including Gao Rong Venture Capital, Volcano Stone Investment, Warburg Pincus, CPE Yuanfeng, Granite Asia, and Ant Group [2] - The IPO has seen participation from sovereign wealth funds, international long-term funds, technology-specific funds, and hedge funds [2] Group 2: Investment Background - Gao Rong Venture Capital was one of the earliest institutional investors in Jingzhijia, leading the Series A financing in 2016 and continuing to invest in subsequent rounds [3] - Gao Rong Venture Capital's Managing Director, Xin Wang, recalled the first visit to Jingzhijia in 2015, where initial robot demos showcased significant advantages over competitors [4] Group 3: Development Journey - Jingzhijia focused on developing its first flagship product in the first two years and successfully established a benchmark case [4] - The company initiated its global expansion in 2017, successfully entering the Japanese market and building a presence in major global markets before the pandemic [4] - In recent years, Jingzhijia has maintained rapid growth while improving its software and hardware platform capabilities, cost control, and operational efficiency [4] Group 4: Future Outlook - Xin Wang expressed confidence in Jingzhijia's future, highlighting the company's deep understanding of warehouse logistics needs, leading robotics technology, comprehensive product matrix, and strong global commercialization capabilities [4] - The robotics industry is still in its early stages, with significant potential for unlocking more scenarios as embodied intelligence technology continues to advance [4]