Consumer-Grade Exoskeleton Startup Hypershell Closes $50M Series B+ Round Led by Ant Group and Meituan Dragonball Capital
On May 18, consumer-grade exoskeleton startup Hypershell announced the completion of its $50 million Series B+ financing round. The round was co-led by Ant Group and Meituan Dragonball Capital, with participation from Sofina and Granite Asia. Cygnus Equity served as the exclusive financial advisor. With this latest injection, Hypershell’s total Series B financing has reached $120 million.
With this, Hypershell has completed a total of $120 million in Series B funding. The company's shareholders include IDG Capital, HongShan, Monolith, 5Y Capital, Luminous Ventures, Oasis Capital, and Decent Capital, among others.
Founded in late 2021, Hypershell's founder Sun Kuan has a decade of experience in robotics hardware management and exoskeleton academic research, and previously founded a hardware brand overseas. The founding team primarily comes from DJI, Nothing, Xiaomi, and leading global humanoid robotics companies.
Hypershell has R&D centers in Shanghai and Shenzhen, with products sold in over 70 countries and cumulative shipments of tens of thousands of units. In China, it is mainly sold through offline channels such as Drivepro.
According to a press release citing research data from FORTUNE BUSINESS INSIGHTS PRIVATE LIMITED in May 2026, Hypershell held the largest global market share in consumer wearable robotic exoskeletons in 2025. Currently, on JD.com, Hypershell ranks first in both sales volume and market share in the exoskeleton category, and continues to lead sales charts on Amazon in the US and Europe, making it a truly global leading exoskeleton brand. From zero to number one, the consumer exoskeleton track has reached a defining moment for Chinese brands.
Hypershell X Ultra exoskeleton is equipped with the intelligent algorithm engine AI MotionEngine Ultra, which can sense and respond to the wearer's gait in real time. Over time, it becomes more accurately adapted to the user's body shape and gait, gradually evolving into a personalized exoskeleton that helps users reduce average heart rate by 42% and energy consumption by 39% during exercise.
The product is made of aerospace-grade materials, weighs only 1.8kg, and has a battery life of 30km while walking, balancing strength, lightness, and durability. It is suitable for a wide range of scenarios, including extreme outdoor environments such as snowy mountains and deserts, as well as professional tasks like geological exploration and outdoor construction, and can also be used by the elderly in daily life. Overseas retail price: $1,999.
Hypershell founder and CEO Sun Kuan said in an internal address: "We started from a simple but firm idea—to let people go further. From the birth of the first prototype, to being seen by the world through crowdfunding; from 0 to 1, to entering more than 70 countries and making tens of thousands of users' real lives better. None of this happened naturally; it was countless overthrows and restarts, and obsessive polishing of details. Now, for us, it is the starting point of the next phase."
Wang Xinyu, Partner at Meituan Longzhu, said: "We have long been optimistic about the huge potential of the exoskeleton track, which carries the imagination and great value of extending human capabilities and breaking physiological limits. Since we first met the Hypershell team, we have witnessed the company's rapid growth and continuous innovation. Over the past year, Hypershell's product iteration speed and user feedback have exceeded expectations, earning high recognition from the industry and market. Hypershell has not only validated the market potential of consumer exoskeletons but also demonstrated its ability to become a global brand. The team's deep insight into user needs and continuous technological innovation make us believe that Hypershell will continue to lead the industry, bringing the power of technology to everyone and enabling everyone to unleash their potential."
| Source: Cygnus Capital WeChat Account