From massive funding rounds to national-level testing and 300-unit orders, Chinese robotics is accelerating commercialization.
- Capital Surge: AgiBot targets a RMB 50 billion valuation; Astribot raises RMB 1 billion.
- Global Expansion: Zelos Technology launches Thailand’s first national-level L4 testing project.
- Mega Orders: Hai Robotics deploys 291 units at ANTA; EACON secures 300 autonomous mining trucks.
- Ecosystem Extension: Geek+ invests RMB 50 million in an “embodied brain” startup.
Embodied AI Unicorn Valuations Soar
- AgiBot Launches New Funding Round, Aiming for RMB 50 Billion Valuation
Embodied AI unicorn AgiBot has started a new funding round of RMB 1 billion to 1.5 billion, pushing its valuation to roughly RMB 50 billion (approx. $7 billion). The company started preparing for a Hong Kong IPO in July. However, under HKEX rules, companies that complete new funding after filing must wait 120 days to list. This means AgiBot likely won’t complete its IPO this year. AgiBot has not yet commented on the news.
- Astribot Raises RMB 1 Billion, Valuation Hits RMB 15 Billion
Physical AI startup Astribot has completed a new RMB 1 billion funding round, reaching a valuation of RMB 15 billion. The round was led by Shenzhen Toposcend Capital. The funds will boost model iteration, commercial deployment, and production capacity. Astribot has built a full-stack tech system: “AI Model – Embodied OS – Tendon-Driven Hardware,” focusing on delivering scalable products.
- Agility Robotics Clears SEC Hurdle for Nasdaq Listing
Globally, humanoid robot unicorn Agility Robotics announced its SPAC merger registration statement with Churchill Capital Corp XI has been approved by the SEC. The merger is expected to close in November 2026, with the company listing on Nasdaq. The deal is expected to raise over $620 million.
Global Expansion and Scaled Deployments
- Zelos Technology Partners with Thai Government for National L4 Testing
Zelos Technology, together with Thailand’s Ministry of Higher Education, Science, Research and Innovation (MHESI), has launched Thailand’s first national-level L4 Connected and Autonomous Vehicle (CAV) testing project. As a core partner, Zelos Technology completed over 20 testing scenarios designed for local traffic. These included navigating Thailand’s dense motorcycle traffic, traffic light responses, and autonomous parking, proving the strong reliability of Chinese autonomous tech.
- Hai Robotics Deploys 291 Robots at ANTA’s Logistics Center
Hai Robotics has upgraded the Langfang logistics center for sportswear giant ANTA. The facility now features 291 flash-picking robots and 78 charging stations. The system reaches a storage height of 8.7 meters, providing 120,000 storage locations and tripling storage density. It achieves over 99% picking accuracy and handles over 210,000 items daily. It supports both B2B and B2C, shifting operations from “person-to-goods” to “goods-to-person.”
- EACON Secures Order for 300 Autonomous Mining Trucks
On October 15, China Great Wall Industry Corporation (CGWIC) and EACON held a strategic signing ceremony in Jining for 300 mining trucks. CGWIC will provide the high-performance vehicle platform, while EACON provides the autonomous driving system. Together, they will build an integrated hardware-software mining truck solution to speed up the deployment of new energy intelligent mining.
Industry Ecosystem: AMR Giant Expands Upstream
- Geek+ Invests RMB 50 Million in “Embodied Brain” Startup
Geek+ announced that its wholly-owned subsidiary will invest RMB 50 million to acquire a 20% stake in SEEN·E Robotics. SEEN·E Robotics focuses on Physical AI, aiming to build a general-purpose “embodied brain” for real-world tasks. The investment values SEEN·E Robotics at roughly RMB 250 million. Because one of SEEN·E Robotics’s founders is also a Geek+ executive, this is a related-party transaction. The move shows the AMR giant is moving upstream into core AI technology.
