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Consumer-grade exoskeleton company Extreme Shell Technology raises an additional $50 million in half a year; Series B funding reaches $120 million
[Caixin] On May 18, consumer-grade exoskeleton company Hypershell announced that it recently completed a $50 million Series B+ funding round, led by Ant Group and Meituan Dragon Ball, with Sofina and Granite Asia participating, and Gao Hu Capital serving as financial advisor.
Including the $70 million Pre-B and Series B funding announced at the end of November last year, Hypershell has announced approximately $120 million in Series B funding within about half a year. Company shareholders include IDG Capital, Sequoia China, Monolith Capital, Wuyuan Capital, Guanghe Venture Capital, Oasis Capital, and Dexion Investment.
Founded in Shanghai, China, in 2021, Hypershell focuses on the consumer-grade exoskeleton market. In 2023, it launched the world’s first consumer-grade exoskeleton on the US crowdfunding platform Kickstarter, raising over $1 million.