Xiaopeng Robotics Raises $900M in First Round, Setting China Embodied AI Record
On August 24, XPeng Group announced that its humanoid robot business has signed equity financing agreements with multiple investors. This first round of funding for Xiaopeng Robotics exceeded $900 million, with a post-investment valuation of over $6.3 billion, breaking the record for single-round private equity financing in China's embodied AI industry.
The round was actively initiated by leading global investment institutions: led by IDG Capital, with participation from GSR Ventures, and supported by strategic investors Tencent and Alibaba.