On August 8, 2021, Paixun Intelligence, a warehouse robot and solution provider for the intelligent manufacturing field, announced that 

the company has completed tens of millions of pre-A rounds of financing invested by AA. This round of financing will mainly be used for 

team building, new product development, and expansion of production and delivery capabilities.

Li You, founder and chairman of Paixun Intelligence, introduced: "Unlike other companies in the industry that generally focus on the 

research and development and production of automated warehousing entities, Paixun Intelligence starts from the top-level design of 

enterprise automation, digitalization, and intelligent transformation and upgrading, and provides production material full life cycle 

management solutions to help companies achieve a high degree of integration of intelligent production and intelligent warehousing 

and logistics."

"Paixun Intelligence is currently a leading company in the field of intelligent warehousing robots and solutions in the field of intelligent 

manufacturing. Our products and services cover intelligent warehousing equipment, intelligent logistics equipment, industrial software 

(WMS, WCS, WES, TMS, etc.), intelligent IoT terminal equipment, intelligent factory warehousing and logistics simulation solution design 

and planning, data decision analysis system, etc.", said Hua Xin, co-founder and general manager of Paixun Intelligence. "In the first half 

of 2021, Paixun Intelligence's sales have increased fivefold compared to last year, and sales are expected to reach RMB 120 million this year."

AA Investment focuses on TMT project investment driven by technological innovation, focusing on enterprise service fields such as SaaS, big 

data, cloud computing, intelligent robots, and software. "Always Ahead" not only leads the market in terms of foresight, but also has invested 

in enterprise services since 2013, and its performance is far ahead of its peers VC. In recent years, with its unique understanding of the 

enterprise service market and in-depth post-investment services based on the concept of "Angel Around", it has successfully invested in leading 

companies in the sub-sectors such as Lingdong Technology, Yunzhangfang, F-one, UDesk, OneAPM, Sikulifang, Tongchuang Yongyi, and Yizhun 

Intelligence. Regarding this investment in Paixun Intelligence, Wang Haoze, founding partner of AA Investment, summarized it into four points:

First, the team level

A few years ago, when the two founders of Paixun Intelligence, Li You and Huaxin, were still working in scientific research institutions and subordinate 

incubators, I often had in-depth exchanges with them on topics such as intelligent manufacturing, robots, artificial intelligence, data decision-making, 

and supply chain. They belong to the entrepreneurs who have "thought clearly" as we often say in AA Investment. The two core founders have very 

strong learning ability and stress resistance. They have mature experience in the process from 0 to 1 of engineering experiments on core technologi

and then industrialization. When they completed the internal sorting of the company and determined the financing platform, I immediately let our AA 

team participate. During the due diligence period, the AA team spent nearly two weeks with the Paixun team, and deeply felt the team's vitality, cohesion 

and strong fighting power.

At present, the core team of Paixun Intelligence is composed of doctors and masters who graduated from well-known universities such as Huazhong 

University of Science and Technology, University of Science and Technology of China, Chinese Academy of Sciences, Harbin Institute of Technology, etc., 

and has a professional engineering and technical team that has been engaged in automation, digitalization, and intelligence for many years.

The second is the business direction level

Paixun Intelligence is not only a manufacturer of warehouse robot equipment. Its self-developed "PassionIoT-Plat" platform system can not only connect 

to the warehouse robots, automatic containers and other intelligent equipment independently developed and produced by Paixun Intelligence, but also 

connect to various logistics automation equipment in the ecological chain such as AMR logistics robots, cross-floor elevators, etc., providing a unified 

access system and operation and maintenance system. The platform has a logistics virtual simulation function module, which can solve the planning, 

simulation, implementation, and operation of the whole process needs in one stop, and solve the pain points of manufacturing customers under the 

traditional model, such as the difficulty in evaluating and selecting automated warehousing projects, the long project implementation cycle, the 

difficulty in coordinating multiple types of equipment, and the difficulty in operation and maintenance. By importing Paixun's system, customers can 

realize the automation, digitization, and intelligent management of the entire process of production material storage, picking, and distribution, and 

achieve the goal of reducing costs and increasing efficiency. The platform system can be deeply integrated with the company's existing information 

system to realize multiple functions such as automatic data collection and analysis, paperless work order BOM data, intelligent storage and retrieval 

of materials, reduction of stagnant materials, intelligent warning of material shortages, and improvement of production line equipment utilization rate. 

While saving human resources, it improves the efficiency of material storage, picking, distribution, verification, and distribution, helping enterprises to 

achieve comprehensive factory automation production.

The third is the market and sales "fighting" ability

Our business due diligence personnel visited nearly 10 different types of customer sites of Paixun Intelligent that have been accepted. We were surprised 

to find that Paixun's young team has shown extremely sophisticated and mature combat capabilities in the market. It has a wealth of project cases that 

have been put into use in the fields of 3C, home appliances, semiconductors, medical, national defense and military industry (aerospace, shipbuilding, 

railways, nuclear industry), etc. Its customers include Foxconn, Gree Electric, Pegatron, Goertek, Shenzhen South Circuit, TDK, Schneider, Innolux, 

Fiberhome, Great Wall Technology, BYD, OPPO, Zhejiang Zhongkong, Taiwan Shenxun, Compal, Yanxiong Intelligent, China Electronics, China Electronics 

Technology, China Shipbuilding Industry Corporation, Aviation Industry Corporation of China, Nuclear Industry, Railway Science Research Institute, 

China Resources Medical and other leading enterprises.

The fourth is that the entire industry has entered a period of explosive development

With the development of the shared economy of consumer Internet, more and more people born in the 1980s and 1990s have moved from factories to 

logistics and express delivery, online car-hailing and other jobs; almost all the children who have just graduated in the 2000s have chosen factories as 

their last choice of career. According to statistics from Meituan Research Institute, about 35% of takeaway brothers are factory workers. The 

manufacturing industry is facing the dilemma of increasingly difficult recruitment and increasing costs. This has also forced China's manufacturing 

industry as a whole to enter the wave of intelligent upgrading and transformation. With the further promotion of the epidemic, we have observed 

from the calculation of the customer side that the ROI of the overall customers has been less than two years, and more and more customers have 

entered the large-scale procurement period from waiting and verifying. The intelligent warehousing robot industry will maintain an annual growth 

rate of more than 3 times in the next 5 years, and Paixun will surely become the absolute leader in the industry.

Intelligent and flexible production in the manufacturing industry is the general trend. At this stage, except for some leading enterprises, most 

manufacturing enterprises have not realized the collaborative production of intelligent manufacturing + intelligent warehousing and logistics. 

The advanced automation of front-end production is often seriously mismatched with the backward manual operation mode of the back-end 

warehousing supply chain. There are problems such as high labor costs, low efficiency, information faults, and serious management black holes. 

Therefore, warehousing robots for intelligent manufacturing and solutions for various segmented application scenarios have a broad market space. 

After this round of financing, Paixun Intelligence will continue to increase its efforts in innovation and research and development, and launch more 

products and solutions that can be applied in batches, providing greater support for the intelligent transformation and upgrading of Chinese companies!