Rope-driven robot maker Xingchen Intelligent raises $149M
What's the deal? Chinese robotics company Xingchen Intelligent has raised US$137.5M in a new financing round, valuing it at US$2.06B. Toukong Donghai, a unit of Shenzhen Investment HoldingsDealroom has a profile for this one. Try Dealroom →, led the round.
Who else is in? Participants included Hongtai FundDealroom has a profile for this one. Try Dealroom →, Ninghai Xingtaihe Fund managed by Guanghua Sunshine, and Shanheng Capital. Existing shareholder Xianmu also joined.
What's the endgame? Xingchen Intelligent builds rope-driven AI robots, with a full-stack architecture spanning AI models, embodied operating systems, and robot bodies. The company says proceeds will fund model iteration, talent hiring, commercialisation, and capacity building.
The signal: The round underscores continued investor appetite for Chinese embodied AI and humanoid robotics, where state-linked backers such as Shenzhen Investment Holdings are increasingly active in funding homegrown hardware and models.
Read more: en.tmtpost.com
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