On July 9, Gasgoo learned that Xinghaitu announced that it had successively completed the A4 and A5 rounds of strategic financing, with a total financing amount of more than $100 million in the two rounds.
Among them, the A4 round of financing was jointly led by Today Capital and Meituan Dragon Ball, followed by CICC Porsche Fund, Xianghe Capital, and old shareholders MiHoYo and Wuxi Venture Capital Group; The A5 round was jointly led by Meituan Dragon Ball and Meituan War Investment, Beijing Robot Fund was over-funded, Yizhuang SDIC followed by investment, and old shareholders such as IDG Capital, BV Baidu Venture Capital, Kaihui Fund, Today Capital, and Xianghe Capital continued to follow-up.
Source:
Screenshot of Xinghaitu’s WeChat public account
It is reported that up to now, the total financing scale of Xinghaitu’s Pre-A and A rounds is nearly 1.5 billion yuan, and the valuation of the latest round has increased by more than 3 times compared with the beginning of the year.
Xinghaitu has launched a number of standard platform products, including the general humanoid robot R1 Pro, the wheeled two-arm mobile platform R1 lite, and built a full-link embodied intelligent development platform EDP, which integrates data collection, data management, and real machine testing. Today, the world’s top developers, including Li Feifei’s team at Stanford University and Physical Intelligence, have relied on the Star Chart platform to accelerate the verification and implementation of embodied intelligence technology.
About Seeds Discovery:
Gasgoo’s “Seeds Discovery” column aims to create a service platform that links start-ups, industrial chain ecological partners, investment institutions, and local governments, and deeply empowers the upstream and downstream of the industrial chain. Since its launch, this column has been committed to exploring intelligence,electrificationGood companies, good technologies and good business models that have an important inspiration and leading role in the industry in the tide of change will promote the growth of innovation forces in the automobile industry. According to Gasgoo statistics, almost all of the startups reported in the “Seeds Discovery” column have successfully connected to the ecological resources of the industrial chain.
