Dream Tech
- Founded
- 2017-01-01 in Suzhou, Jiangsu Province, China
- Headquarters
- Suzhou, China
Dream Tech, officially Dreame Technology Co., Ltd., is a Chinese consumer electronics manufacturer founded in 2017 by Yu Hao. Headquartered in Suzhou, China, the company specializes in high-performance household cleaning and personal care appliances, including robotic vacuum cleaners, cordless stick vacuums, wet-dry scrubbers, robotic lawn mowers, robotic pool cleaners, and hair care devices. It gained early traction through a partnership with Xiaomi, launching its first product, the V9 cordless stick vacuum, in 2018, but later severed exclusive ties to develop its own branded product line. Today, Dream Tech serves over 21 million households across more than 120 countries and operates more than 4,000 physical stores worldwide. The company is known for its proprietary high-speed digital motor technology reaching 150,000 rpm and holds more than 785 filed patents. In 2021, it raised US$563 million in a Series C funding round from investors including Yunfeng Capital and Shunwei Capital, achieving a multi-billion-dollar valuation. Dream Tech continues to innovate in smart home robotics and has signaled expansion into electric vehicles and smartphones.
Detailed Review
History and Founding
Dream Tech was born from founder Yu Hao’s early passion for aerospace engineering. While studying at Tsinghua University, Yu founded “Sky Workshop,” a student-run makerspace that earned sponsorship from Boeing. This experience led him to establish Dreame Technology in Suzhou in 2015, with the company formally incorporated in 2017. The firm’s first breakthrough came in December 2018 with the launch of the V9 stick vacuum, co-developed with Xiaomi. However, by 2019, Dream Tech ended its collaboration with Xiaomi to pursue an independent brand strategy, releasing its own line of robotic vacuum cleaners.
Technology and Innovation
The company’s technological cornerstone is its ultra-high-speed digital motor. In 2020, Dream Tech developed a 150,000-rpm digital motor, enabling powerful suction in compact form factors. That same year, it secured an investment from IDG Capital and commenced operations at its Suzhou smart factory. The company holds over 785 filed patents, including 248 invention patents, and consistently files about 419 patents annually, reflecting a strong emphasis on research and development.
Product Portfolio
Dream Tech’s product portfolio has expanded well beyond floor care. In 2022, it introduced its first robot vacuum-mop (L10S Ultra) and later added robotic lawn mowers, cordless robotic pool cleaners (Z1 Pro), and hair styling tools (AirStyle Pro). In 2023, the company launched Mova, a lower-end sub-brand aimed at price-sensitive markets. The company also operates the Dreamehome app, which connects its devices and allows users to control cleaning schedules, mapping, and maintenance. Notable products include the L60 Series slim robot vacuum, X60 Max Ultra (the thinnest robot vacuum at 3.13 inches), and the Aero Pro Steam wet-dry vacuum with steam cleaning.
Market Position and Global Reach
Dream Tech serves over 21 million households across more than 120 countries and operates over 4,000 physical stores worldwide. Its distribution network spans both online and physical retail channels. The company employs a multi-brand strategy, serving consumers from budget to premium segments. In 2021, it entered a sponsorship partnership with German football club Borussia Dortmund to boost global brand recognition. The company continues to invest heavily in AI-driven automation and robotics.
Diversification and Future Plans
In 2025, Dream Tech announced plans to enter the electric vehicle market, unveiling the Nebula Next 01 concept car at CES 2026, along with a dedicated EV lineup called Star Motor. It also registered its first smartphone, the E1, in the European Product Registry for Energy Labelling, signalling diversification beyond home appliances. These moves indicate the company's ambition to become a broader smart-hardware conglomerate.
Business Model and Funding
Dream Tech's revenue comes from direct sales of its branded products through its own website, retail stores, and online marketplaces, as well as through the Mova sub-brand. It raised US$563 million in Series C funding in 2021 from Yunfeng Capital and Shunwei Capital, among others. Prior to that, it had received investment from IDG Capital. The company is privately held and not publicly traded.
Key Products
Mova
Lower-end sub-brand launched in 2023 to target price-sensitive markets.
Dreamehome App
Mobile application for controlling and monitoring Dreame devices.
Nebula Next 01 (concept)
Electric vehicle concept shown at CES 2026; part of planned EV lineup.
E1 Smartphone
First smartphone model registered for European energy labelling in 2025.
V9 Stick Vacuum
First product; cordless stick vacuum launched in 2018 in collaboration with Xiaomi.
L10S Ultra
Robot vacuum-mop with self-emptying and self-cleaning features, introduced in 2022.
L60 Series
Slim robot vacuum designed for low-clearance furniture.
X60 Max Ultra
Thinnest robot vacuum (3.13 inches / 7.95 cm) with proactive lighting.
Aero Pro Steam
Wet-dry vacuum with steam cleaning capability.
AirStyle Pro Hair Styler
7-in-1 multi-functional hair styling tool.
Z1 Pro Robotic Pool Cleaner
World’s first cordless robotic pool cleaner with remote control.
A3 AWD Series Lawn Mower
Robotic lawn mower with all-wheel drive.
Key Persons
- Yu Hao
Founder & Chief Executive Officer