According to a report by Science and Technology Innovation Board Daily on March 26, 2026, FAIR Robotics (Suzhou) Co., Ltd. completed nearly USD 100 million in Series C financing. Founded in 2019 and headquartered in Suzhou High-tech Zone, FAIR Robotics focuses on the R&D, production, and sales of collaborative robots. According to a recently released ranking by the Gaogong Robot Industry Institute (GGII), FAIR Robotics ranked first in domestic collaborative robot sales in 2025, and also topped the overseas shipment ranking.

Earlier, on March 12, 2026, FAIR Yiwei (Suzhou) Robot System Co., Ltd. was officially renamed FAIR Robotics (Suzhou) Co., Ltd., marking the company's strategic upgrade from system integration to in-house development of complete robots and core technologies.

In March 2026, FAIR Robotics also launched two new products: the FR5-C collaborative robot for commercial application scenarios and the AIRLab welding application plugin for intelligent welding upgrades, further completing its product matrix. Elite Robots also announced the completion of a RMB 600 million Series D+ financing round around the same time, with products covering collaborative robots, composite robots, and general intelligent robots with payloads from 3kg to 30kg.

The founder of FAIR Robotics stated that this round of financing will mainly be used to increase R&D investment in core components such as controllers, reducers, and servo systems, while accelerating channel building and brand promotion in overseas markets. The continued boom in the collaborative robot track reflects the rapidly growing demand in manufacturing for flexibility and human-robot collaboration.