Orcauboat develops unmanned surface vehicles (USVs) used for water cleaning, environmental sampling, and quality monitoring. The company raised 100 million yuan ($14 million) in a Series B financing to support R&D and expand market reach. The round included the AEF Greater Bay Area Fund managed by Gobi Partners, Beijing-based Skyview Fund, and state-affiliated Xi'an Finance Investment Management. Orcauboat was founded in 2017 and is Xi'an-based. Previously, the firm completed an extended Series A in May 2022, raising 50 million yuan with participation from Forebright Capital, Edge Ventures, and China Capital Management. The new capital is earmarked to accelerate product development and commercial deployment.

Total raised

$14M

Funding rounds

1

Latest round

Series B

Latest activity

Jan 2024