Hypershell Secures $50M in Series B+ Funding, Totaling $120M
May 19, 2026 – 10:09 am
Ant Group and Meituan Dragonball co-led a $50 million Series B+ round; Sofina and Granite Asia also participated. Cygnus Equity served as the exclusive financial advisor. This brings Hypershell’s total Series B funding to $120 million at a near-$400 million post-money valuation, ahead of their global X-Series launch on May 20.
Hypershell, a consumer-exoskeleton company based in Shanghai, has raised the latest funding with the timing being crucial. The Series B+ follows a $70 million pre-B and B round in November 2024, led by Luminous Ventures and 5Y Capital.
The company’s Hypershell X series is the first consumer exoskeleton to achieve top sales on Amazon in both the US and Europe. The product, launched via Kickstarter in 2023, promises a 30% reduction in physical exertion and a 40% increase in effective leg strength.
The new New Hypershell X Series features HyperIntuition, a proprietary AI motion-control algorithm that interprets user intent in real-time, moving beyond preset gait patterns. The series is also the first end-to-end consumer exoskeleton verified by TÜV Rheinland.
Founded in 2021 by Kelvin Sun, the engineer behind Lattepanda, Hypershell has a team split between Beijing and Shenzhen, with approximately 100 staff.