Lyten Intelligence completes over 100 million yuan in Pre-B round financing, focusing on the global photovoltaic energy intelligent robotics sector.

Original Title: Litian Intelligent Completes Over 100 Million Yuan Pre-Series B Funding, Focuses on Global Photovoltaic Energy Smart Robot Field

Investment界 (ID: pedaily2012) March 13 News, recently, Huzhou Litian Intelligent Technology Co., Ltd. (hereinafter referred to as “Litian Intelligent” or “the Company”) officially announced the completion of over 100 million yuan in Pre-Series B funding. This round of financing was jointly invested by Today Capital, Yaotu Capital, and Changshi Capital. The funding will accelerate the company’s research and development of key technologies for automated installation of photovoltaic power station components, global industrial deployment, and market expansion.

Litian Intelligent was founded in July 2022. As a leading enterprise in the global smart robot field for photovoltaic energy, it has always adhered to driving industry transformation through technological innovation, becoming a pioneer in intelligent installation of photovoltaic power stations, and aims to be an expert in full lifecycle unmanned intelligent solutions for photovoltaic plants. The company effectively addresses core pain points such as high labor costs, low efficiency, poor safety, and project delays associated with traditional manual operations, promoting an efficiency revolution in the clean energy industry and profoundly transforming and empowering the intelligent upgrade of the photovoltaic sector.

This round of financing adds Today Capital as an important strategic shareholder, while also introducing Changshi Capital. Existing shareholder Yaotu Capital has continued to increase its investment for the fourth time after three previous rounds.

The company’s other major shareholders include photovoltaic and new energy industry giants—Canadian Solar, Maiwei Co., Ltd., and Hema Co., Ltd.

Founder & CEO Mr. Wang Shitao stated: “With the exponential growth in AI computing power demand and the accelerated progress toward global carbon neutrality goals, energy has become the ultimate bottleneck in the digital age. Against this backdrop, photovoltaic energy is transforming from an alternative energy source into a fundamental energy due to its unlimited resources, rapid technological advancements, and continuously decreasing costs. This creates enormous potential for the installation business of photovoltaic plants. Currently, unmanned installation of photovoltaic plants is still in its early stages. With leading technology and products, we have achieved commercial breakthroughs and are leading the global transformation toward intelligent photovoltaic installation. This round of financing will accelerate our penetration into the global photovoltaic installation robot market. Moving forward, the company will continue to deepen its product matrix, expanding from single installation scenarios to full lifecycle unmanned solutions for power stations, with the goal of achieving full coverage of major global photovoltaic markets by 2026.”

Ms. Xu Xin, Founder of Today Capital, said: “Five years ago, we started investing in robots (cleaning, handling, warehousing, loading/unloading, etc.), and since last year, they have clearly crossed the threshold into rapid growth. Today’s robots still can’t compete with humans in efficiency, but they excel at doing dirty, tiring, and hard work. The aging population combined with high labor costs makes clients more willing to pay: as long as the total cost does not exceed 2-3 times that of replacing manual labor, deals can be made. So we have been looking for scenarios where the market is large enough and pain points are significant. When I first met Litian Intelligent’s founder Wang Shitao, I was impressed: he has robots do ‘hellish’ work—installing solar panels in the desert. Temperatures reach 45°C, no water or electricity, with peak staffing of 7,000 people, working in two shifts from 5 am to 12 pm and 3 pm to 6 pm, retreating during sandstorms; accommodation, transportation, visas, and safety are all burdens, so they are eager to replace humans with robots. AI most lacks energy, and photovoltaic is a major growth driver, but the installation process is stuck because ‘the site is too harsh, and no one wants to work there.’ Litian Intelligent is a pioneer in photovoltaic installation robots, tackling this hard pain point. Founder Wang understands photovoltaics and outdoor work, especially being hardworking—living in the desert for months—and has a keen grasp of user pain points. We are confident that Litian Intelligent will become the leading brand of photovoltaic installation robots and promote the rapid scaling of photovoltaic power generation.”

Mr. Bai Zongyi, Founding Partner of Yaotu Capital, said: “Litian Intelligent is deeply integrating AI, robotics, and green energy industries, unleashing enormous energy that is reshaping the intelligent revolution in the new energy application market. Since 2022, through on-site research of the global photovoltaic scenario robot industry chain, we have had the privilege of partnering with Litian Intelligent and leading and participating in four rounds of funding. Over the years, the founding team has demonstrated mature and transparent corporate governance, strong product iteration capabilities, and has become the world’s first to scale and implement photovoltaic module installation scenarios. They have achieved global ‘multi-point flowering’ in business, deep partnerships with top clients, and large-scale replication, exemplifying a highly globalized supply chain and business model. Yaotu Capital looks forward to and continues to support the company’s growth as a leading enterprise defining new standards for global photovoltaic plant construction and operation & maintenance.”

Mr. Wang Gongbin, Founding Partner of Changshi Capital, said: “Relying on the Changshi Founders’ Fund industry ecosystem, we have a deep understanding of the huge potential of AI in the photovoltaic vertical scenario. Litian Intelligent, as the global leader in photovoltaic smart installation robots, is led by Mr. Wang Shitao, a true veteran in the field. We are honored to support such a team with industry depth and global vision, jointly exploring the global market and helping it grow into a world-class leader.”