Company News | Robonets Completes Hundred-Million-Yuan Strategic Financing, Collaborates with Mengdong Mine Construction to Write a New Chapter in Mine Intelligent Driving

In 2024, Robonets secured strategic financing of more than 100 million RMB. Mengdong Mining Construction, as the exclusive investor of the Pre-A round, made a strong entry, casting a vote of industry confidence in the company.

Mengdong Mining Construction is a veteran in the mining sector. Founded in 2018, it is broadly engaged in mining and construction businesses. Holding the Grade-1 General Contracting qualification for mining engineering and other top-tier credentials, it is a leading enterprise in China's mining engineering field. With registered capital of 684 million RMB, Mengdong Mining Construction has built a moat in the industry. Leveraging thousands of company-owned vehicles and an annual overburden stripping volume in the hundreds of millions of cubic meters, it continuously sets new industry benchmarks. Its haulage network now extends to key energy bases across North, Northeast, and Northwest China, ranking it among the largest mine haulage contractors in China.

This strategic partnership goes beyond a simple financial investment—it is a deep coupling of the smart mining ecosystem. Mengdong Mining Construction values Robonets' innovative technological DNA and, even more, the company's agility in moving from lab to mine site. Beyond capital, Mengdong Mining Construction has opened its 20-year mining knowledge base to Robonets, dispatching senior expert teams for on-site mentorship and jointly building a smart mining test site. This injects practical experience into our autonomous driving algorithms and bridges the last mile from technology to real-world application.

With Mengdong Mining Construction's wholehearted ecosystem support, Robonets has been advancing technology iteration at ""Mengdong Speed"". Within one year, we successively achieved autonomous transformation and real-world operations across mining tasks including overburden stripping and coal haulage, delivering efficient 24/7 multi-fleet rotation. We also responded to and developed solutions for over a hundred immediate operational needs—including mixed manned/autonomous traffic and functional safety upgrades—based on actual production conditions, truly running and working to solve real needs in real-world settings.

As winter turns to spring and all things flourish, Robonets stands at a new starting point. We will continue to uphold our belief that ""Technology Leads the Future"", join hands with key strategic partners such as Mengdong Mining Construction, jointly explore the engineering practice of autonomous mining, and deliver an answer in 2025 that lives up to expectations.