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Grab to acquire Chinese firm Infermove to expand in AI robotics

Grab to acquire Chinese firm Infermove to expand in AI robotics

By Swedan Margen

Fashion

Grab Holdings has acquired Chinese tech company Infermove to expand in artificial intelligence-enabled robotics for food delivery.

Grab sees Infermove’s solutions will complement its first- and last-mile delivery capabilities, the Singapore-based company said in a statement Friday (Dec 19) in response to a query from Bloomberg News. Grab’s investment will help fuel Infermove’s growth, it said.

Founded in 2021 by Aaron (Yingxiang) Lu and Yuhan Long in Beijing, Infermove has launched a mixed-road autonomous driving system and a range of hardware autonomous products, including a driving armchair, a fishing feeder, an armless delivery robot, and a single-arm delivery robot.

Before the acquisition, Infermove had raised US$300,000 in its angel funding round from investors including MiraclePlus. It also signed an agreement with a subsidiary of Tieda Technology in 2024, which valued the startup at US$33 million.

A spokesperson for Infermove confirmed details including the transaction. BLOOMBERG

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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