Positec Group Ltd. has successfully raised $250 million in its first equity financing round, which will be used to boost product development and expand its global presence. The company, known for its robotic lawn mowers, is committed to advancing green energy technology and intelligent products.
Don Gao, founder and CEO of Positec, emphasized that the funding will accelerate Positec’s R&D efforts and contribute to the electrification of the global tool market. Founded in 1994 and headquartered in Suzhou, China, Positec also has North American operations based in Charlotte, N.C., with subsidiaries, R&D centers, and manufacturing facilities worldwide.
Positec’s robotic mowers have evolved to include wire-free technology and machine vision for easier installation. Its Worx Landroid Vision system became the best-selling robotic mower in Europe in 2024, with over 1 million units sold. The company also introduced RTKn technology for its Kress commercial brand, eliminating the need for local antennas. Additionally, Positec’s proprietary battery technology promises to replace gas-powered tools for commercial landscapers, offering up to 8-minute mobile charging and 3,000 charging cycles.
The funding round was led by Frontier Investment, with participation from Rockets Capital, CLSA Capital Partners, and NRL Capital. Positec aims to expand further into the U.S. market and strengthen its position in the commercial space.
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