Hypershell raises $50M more on $120M Series B as exoskeletons go mainstream

Ant Group and Meituan Dragonball have co-led a $50 million Series B+ round for Hypershell, with additional participation from Sofina and Granite Asia. This brings the Shanghai-based consumer exoskeleton company’s total Series B funding to $120 million, at a post-money valuation approaching $400 million. The announcement comes just ahead of the company’s global X-Series launch scheduled for Wednesday.

Hypershell has been making waves in the wearable tech space, positioning itself at the forefront of a shift from industrial and military applications toward everyday consumer use. The company’s lightweight, battery-powered exoskeletons are designed to assist with walking, running, and hiking, reducing fatigue and amplifying natural movement. By targeting outdoor enthusiasts, fitness seekers, and aging populations, Hypershell is betting that exoskeletons can go mainstream in ways previously reserved for niche professional markets.

The new capital will accelerate production scaling, expand distribution channels, and fund further R&D into lighter, more intuitive designs. With two of China’s largest tech giants backing the round, the company gains not only financial resources but also strategic access to logistics, payment infrastructure, and consumer ecosystems.

This latest raise signals growing investor confidence that consumer-grade exoskeletons are no longer a futuristic concept but a near-term commercial reality. As the global population ages and interest in outdoor activity surges, Hypershell appears well-positioned to lead a category that could redefine personal mobility.