Founded in Shenzhen in 2013, Excelland Robotics specializes in commercial service robots for hotels, offices, and retail. As of March 2026, the company has sold over 114,600 units to more than 5,100 customers. Its product portfolio includes delivery robots like Yomie, Yodee, and Yogel, as well as Yoxiaogu cleaning machines and Yoshop vending robots.
The company is transitioning from a hardware-focused model to a broader technology platform. In 2025, AI vision model solutions generated RMB 119.2 million, accounting for 37.5% of total revenue. Robotic product sales reached RMB 135.0 million, while the robots-as-a-service segment contributed RMB 49.9 million. Total revenue grew from RMB 243.8 million in 2023 to RMB 317.7 million in 2025.
Despite revenue growth, the company reported a net loss of RMB 110.8 million in 2025 and RMB 31.2 million in the first quarter of 2026. The business relies heavily on major clients, with the five largest customers accounting for 76.4% of 2025 revenue. Excelland is currently preparing for an IPO in Hong Kong under the stock code 03231 to fund R&D and international expansion.
Excelland is expanding its footprint beyond China, with shipments already reaching South Korea and Japan. The company is exploring further opportunities in Europe, North America, Malaysia, and Singapore. Its strategy focuses on integrating cloud-edge architecture and visual intelligence to enhance the capabilities of its robots in complex, real-world environments.
