XPeng Robotics Raises $900M in First Round, Valuing Firm at Over $6.3B
On August 24, XPeng Group announced that its robotics business had completed a first-round funding of over $900 million. The post-investment valuation exceeded $6.3 billion (approximately 43 billion RMB), setting a new record for single-round private equity financing in China's embodied intelligence industry.
The round was initiated by leading global investment institutions, with IDG Capital as the lead investor and Gaorong Ventures participating. Strategic investors Tencent and Alibaba also provided support, reflecting strong confidence in the company's technology and market potential.