PONGBOT raises hundreds of millions of RMB in Series B funding

Chinese sports robotics developer PONGBOT, officially known as Shanghai Pangbot Robotics, has completed a Series B funding round raising hundreds of millions of RMB, according to reports by TechNode and The Beijing News published on October 12, 2026. The latest injection of capital was led by state-backed entity Shanghai State Investment Pilot Fund.

The Series B investment round brought together multiple institutional financial backers. Hua Capital and Pudong Venture Capital joined the transaction as co-investors alongside the lead investor. BlueRun Ventures, which previously backed the sports equipment maker, also participated in the round as an existing investor, according to the company details cited by media reports.

Technology development focus

PONGBOT operates as a developer and manufacturer of artificial intelligence sports robotics. The Chinese firm initially focused its hardware development efforts on specialized table-tennis training equipment. Following its work in table tennis, the company expanded its manufacturing scope to develop hardware and devices for tennis as well as other sports disciplines.

According to reports from TechNode and The Beijing News on October 12, 2026, PONGBOT plans to use the new proceeds from the Series B transaction to fund multiple research and development initiatives. Specifically, the capital will be directed toward research into sports vision models that utilize artificial intelligence capabilities.

The funding will also be used to expand the firm's technical efforts in motion analysis, allowing for improved measurement during training activities. Furthermore, PONGBOT intends to allocate capital to build and refine automated training decision systems that assist athletes and coaches during training sessions.

Global sales and market expansion

In addition to software models, motion analysis, and hardware engineering, PONGBOT plans to deploy its newly acquired capital toward commercial growth and market reach. The company will use the proceeds from the Series B round to support its expansion into international markets outside its domestic base in China.

To facilitate this international push, the robotics firm plans to establish and strengthen regional sales channels. The development of regional distribution networks will serve to support the wider sales of its table-tennis and tennis training systems as the manufacturer grows its presence across global target markets.

The Series B round follows PONGBOT's earlier hardware releases in table tennis and tennis, with news of the funding published on October 12, 2026, by The Beijing News and TechNode.