Focusing on overseas lawn mowers, the company incubated by Dreame has secured another tens-of-millions financing round.

Focusing on overseas lawn mowers, the company incubated by Dreame has secured another tens-of-millions financing round.

Author | Huang Yu

Wallstreetcn has learned that on April 21, Launix Technology (Nanjing) Co., Ltd. (hereinafter referred to as "Launix") announced the completion of a new round of financing in the amount of several tens of millions of RMB. Investors include Suzhou Sky Workshop Venture Capital Partnership (Limited Partnership), Yibin High-tech Frontier Technology Industry Venture Capital Partnership (Limited Partnership), Yip Capital, and others.

According to Wallstreetcn’s understanding, this round of financing for Launix will mainly be used for core product R&D iteration, technology system construction, and overseas market and channel expansion.

Launix is a very young startup company and part of the MOVA eco-chain. According to Qichacha data, Launix was founded in January 2025 and has so far completed two rounds of angel financing; the previous round was completed last July, also in the tens of millions of RMB, with Zhuichuang Venture Capital as the investor.

Launix focuses on the high-end lithium battery-powered garden tool segment, advancing product system construction around battery, motor, and electronic control subsystems. Currently, its products cover key categories such as lawn mowers, grass trimmers, blowers, chainsaws, and hedge trimmers.

Reportedly, Launix officially started shipping in January this year, with monthly sales exceeding 10 million RMB. Cumulative production has reached tens of thousands of units, and products have entered multiple markets in Europe, North America, and Asia-Pacific.

Product iteration, system capability construction, and global market layout are currently the three major focuses for Launix.

In particular, globalization is the path that Launix has firmly followed since its inception.

It should be noted that the garden tool market presents a distinct structural characteristic: the supply chain is highly concentrated in China, while the terminal consumer market is mainly overseas.

Public data show that China accounts for about 70% of global garden tool production capacity and nearly 80% of component supply, but domestic independent brands have always maintained a market share below 10% in terminal markets, with garden tool brands still dominated by traditional Western companies.

Against the backdrop of the wave of Chinese brands going global, Launix clearly hopes to leverage China's supply chain advantages to share in the global market.

The garden tool track has a vast market. Global Market Insights data show that in 2023, the global lawn and garden equipment market reached $39.7 billion USD, and it is expected to grow to $45.45 billion USD by 2025, with a compound annual growth rate of about 7% during this period.

Garden tools are still mainly powered by gasoline engines, but Launix’s bet on lithium batteries is due to their strong growth momentum—over 20% annual compound growth rate—driven largely by the maturity and declining cost of lithium battery technology and the aggressive "oil ban" policies in Europe and America.

 

 

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