XPeng Robotics Raises Over 00M at .3B Valuation to Scale Humanoid Robot Production
Chinese electric vehicle manufacturer XPeng has announced that its robotics affiliate raised over $900 million in its first major institutional financing round. The investment values the robotics business at more than $6.3 billion post-money, representing one of the largest single private capital raises in the embodied AI sector to date. The round was led by IDG Capital and Gaorong Ventures, with participation from strategic tech conglomerates Tencent and Alibaba alongside parent firm XPeng Inc
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