XPeng’s robot subsidiary has signed a share purchase agreement with investors and plans to raise more than $900 million at a post-money valuation above $6.3 billion, according to ChainCatcher. XPeng said the deal represents the largest single financing completed by a Chinese company in the robotics sector to date. The round is led by IDG Capital, with Tencent and Alibaba joining as strategic investors, while Gaorong Ventures and others also participated. In terms of deal structure, external investors are contributing about $600 million, an XPeng subsidiary is putting in about $200 million, and entities related to CEO He Xiaopeng and co-president Brian Gu are investing about $100 million. XPeng will retain about 82% control and continue to consolidate the business in its financial statements. The capital will be used for development of IRON, the company’s flagship humanoid robot, as well as embodied intelligence, data capabilities, mass production targeted by the end of 2026, and broader business expansion. The unit is Dogotix, XPeng’s robotics platform covering robot dog and humanoid robot operations.
XPeng’s robot subsidiary has signed a share purchase agreement with investors and is seeking to raise more than $900 million at a post-money valuation above $6.3 billion, according to ChainCatcher.
Investors and deal structure
XPeng said the transaction is the largest single financing completed by a Chinese company in the robotics sector so far. IDG Capital is leading the round. Tencent and Alibaba joined as strategic investors, and Gaorong Ventures and other investors also took part.
External investors are contributing about $600 million. An XPeng subsidiary is investing about $200 million, while entities related to CEO He Xiaopeng and co-president Brian Gu are putting in about $100 million.
XPeng keeps control of the business
After the financing, XPeng will retain about 82% control and will continue to consolidate the business. The subsidiary is Dogotix, XPeng’s robotics platform tied to its robot dog and humanoid robot operations.
How the funds will be used
The company said the proceeds will go toward research and development of IRON, its flagship humanoid robot, along with embodied intelligence, data capability building, and business expansion tied to mass production targeted by the end of 2026.
IRON uses XPeng’s in-house robotics and AI-specific chips. The report also noted that Alibaba and Tencent had previously joined financing for Chinese humanoid robot company Unitree as Pre-IPO investors.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
