In recent years, indoor positioning systems (IPS) are increasingly very important for a smart factory, and the Lora positioning system based on round-trip time (RTT) has been developed. This paper introduces the ranging characterization, RTT measurement, and position estimation method. In particular, a particle filter localization method-aided Lora pseudorange fitting correction is designed to solve the problem of indoor positioning; the cumulative distribution function (CDF) criteria are used to measure the quality of the estimated location in comparison to the ground truth location; when the positioning error on the
x
-axis threshold is 0.2 m and 0.6 m, the CDF with pseudorange correction is 61% and 99%, which are higher than the 32% and 85% without pseudorange correction. When the positioning error on the
y
-axis threshold is 0.2 m and 0.6 m, the CDF with pseudorange correction is 71% and 99.9%, which are higher than the 52% and 94.8% without pseudorange correction.