Embodied intelligence company Astribot recently completed a new funding round of RMB 1 billion at a valuation of RMB 15 billion, led by Toukong Donghai (Shenzhen Investment Holdings), with participation from Hongtai Fund, Ninghai Xingta ihe Fund, Shanheng Capital and others, and follow-on investment from existing shareholder Xianmu. The funds are planned for model iteration, talent expansion, commercialization, and production capacity building.
Zhejiang Sankai Electromechanical announced the completion of a Series B funding round worth hundreds of millions of yuan, jointly led by the Industrial Machine Tool Industry Investment Fund and Wuchan Zhongda Investment, with proceeds to be used for R&D of humanoid robot joint reducers, capacity expansion, and domestic substitution. The company entered the robot reducer field in 2022 and launched a planetary joint reducer for humanoid robots in 2024; it has entered the core supply chains of leading enterprises such as the Beijing Humanoid Robot Innovation Center and is supplying in volume. The Tiangong series robots won 45 medals at the second World Humanoid Robot Games, with their core joint components coming from Sankai Electromechanical.
[Company information session]
From 14:00 on 2026/10/30
We will hold a company information session at Kawada Robotics headquarters. In addition to a NEXTAGE demonstration, you can tour offices never before shown to the public! There will also be opportunities to talk and discuss with senior employees, so we welcome everyone to sign up.
https://opc47.hp.peraichi.com/
On October 12, Huo Bugang, deputy secretary of the provincial party committee and secretary of the municipal party committee, chaired a symposium at the Shenyang Institute of Automation, Chinese Academy of Sciences. Mayor Ma Shanshan attended. The discussion focused on deepening institute-local cooperation and promoting the commercialization of scientific and technological achievements. Li Shuo, director of the Shenyang Institute of Automation, and Sun Lei, party secretary, presented the institute's research work. Research teams proposed on-site solutions in three areas—urban operations and maintenance, aviation embodied intelligent equipment, and railway operations—to Shenyang Industrial Investment Group, Shenyang Aircraft Corporation, and Shenyang Qihui. Huo Bugang required that the dedicated working group operate as a substantive entity, that a proof-of-concept center and pilot testing base be well established, and that scientific and technological achievements be driven toward industrialization.
Stardust Intelligence recently completed a new funding round of RMB 1 billion, reaching a valuation of RMB 15 billion. The round was led by Toushe Donghai (Shenzhen Investment Holdings), with participation from Hongtai Fund, Ninghai Xingtaaihe Fund, and Shanheng Capital, among others, and existing shareholder Xianmu increased its investment. This is its fourth funding round in the past six months; its Series B valuation first exceeded RMB 10 billion in June 2026 and rose to RMB 15 billion three months later.
Why it matters: It reviews the pace of the company's four funding rounds in six months and details of its full-stack architecture, which can be used to understand the commercialization progress of the rope-driven approach.
Changzhou Micro Intelligence Manufacturing passed the Main Board listing hearing of the Hong Kong Stock Exchange on October 9, with Orient Securities International as sole sponsor; 2025 revenue was approximately 796 million yuan and net profit 5.07 million yuan, ranking first in China's industrial embodied intelligence robot (EIIR) market with a 20% share.
D-Robotics is exhibiting for the first time at the 26th China International Industry Fair, showcasing Sunrises intelligent computing chips, the RDK robotics developer kit, and the RoboGo software platform, covering visual inspection, industrial data acquisition, and industrial embodied solutions, with a computing power lineup of 5–560 TOPS.
Innova Robotics has been announced by the Shenzhen Intermediate People's Court as entering bankruptcy proceedings, with the first creditors' meeting to be held on October 19. The company was incubated in 2020 under the control of He Jianfeng's Infore Group, with founder Shen Gang, a former vice president of Country Garden; strategic investors included Meituan and ByteDance. It reached a valuation of $500 million 10 months after founding and raised over 600 million yuan in cumulative funding; in 2025 its full-year revenue was only 4.33 million yuan, with a net loss of 67 million yuan.
Bloomberg reports that DeepSeek plans to lead a seed round of tens of millions of dollars in Winverse AI, a robotics AI company founded only a few months ago, at a post-money valuation of about $400 million (about 2.7 billion yuan). Meituan Longzhu Capital has committed to participate, and the deal has not yet completed all procedures.
Moss Intelligence announced on October 12 that it completed a Pre-A funding round of over 1 billion yuan, led by Huakong Fund, roughly half a year after its angel round was announced. Founded by Qiu Xipeng, a Distinguished Professor at Fudan University, the company is less than two years old and has released more than 20 models since 2026 across speech, vision, and real-time multimodality, including several open-source models; MOSS-VL-Realtime, open-sourced in July, can already continuously receive video streams and update its judgments as the picture changes.
"Experiments in building products at Physical Intelligence" — a keynote by Quan Vuong (@QuanVng) at the Humanoid Hub Conference.
He co-founded @physical_int and previously helped build the RT-2 and OpenVLA foundation models at Google DeepMind.
He will give us an inside look at the work of turning research into real-world value.
October 15-16, San Francisco
The International Embodied Intelligence Skills Competition review event will be held in Shanghai from October 23 to 25, with 9 tracks and 23 events including manufacturing, inspection and analysis, and warehousing and logistics, and plans to bring together more than a thousand competing teams. The competition uses a four-module, 100-point assessment framework of "task execution, embodied data collection and feedback, autonomous intelligence, and innovation capability," with differentiated conversion coefficients set by body form such as humanoid, quadruped, and wheeled, and by the two operating modes of autonomous and teleoperation.
AI sports hardware company PongBot announced the completion of a Series B round of hundreds of millions of yuan, led by Shanghai Guotou Xiandao Fund, with participation from Yuanhe PuHua and Pudong Venture Capital, and follow-on investment from existing shareholder BlueRun Ventures. The funds will go toward R&D in sports large models, sports vision, and training decision technology, and toward expanding into global markets. The company started with table tennis ball-serving robots and has accumulated more than 300,000 users, over 2 billion device ball serves, and more than 1 million UGC ball trajectories; its Aura all-in-one coaching robot, released in May 2026, raised over $4 million on Kickstarter, and overseas revenue exceeded domestic revenue for the first time in 2025.
Home embodied intelligence company Ola Wanxiang announced the completion of a hundreds-of-millions-yuan angel+ funding round, jointly invested by Chengyuanxiang Fund, Xinneng Venture Capital, Xizhou International, Topband Co., Ltd., and Hony Capital. This is the company's fourth funding round since its founding in March 2026. The company targets home service robot scenarios; its first product, aimed at makers and developers, takes the form of a mobile base plus dual robotic arms. It has built the Real-world R1 system and released interim results from UniWAM, and has also partnered with housekeeping platform Haokang Zaijia to convert standardized demonstrations by housekeepers into training data.
On October 12, 2026, home embodied-intelligence company Oula Wanxiang completed a angel-plus round of several hundred million yuan, jointly invested by Chengyuanxiang Fund, Xinneng Venture Capital, Xizhou International, Topband, Hony Capital, and others. Since its founding in March 2026, the company has completed four consecutive funding rounds. Founder Zhou Shunbo was the first head of Huawei's Embodied Intelligence Innovation Lab. The company has chosen a mobile base plus dual-arm approach, with products focused on being "cultivable"; it is initially serving Maker users, has reserved more than 1,000 seed users, has a team of about 70 people, and plans to advance small-scale validation of its first-generation product in the first quarter of 2027.
Embodied intelligence company Astribot has completed a new funding round of RMB 1 billion, led by Tongkong Donghai (Shenzhen Investment Holdings), with participation from state-owned and financial investors including Hongtai Fund and Shanheng Capital, and follow-on investment from existing shareholder Xianmu. The company's valuation reached RMB 15 billion. This is Astribot's fourth funding round in the past six months. The funds are planned for model iteration, talent expansion, commercialization, and production capacity building, as well as continued investment in its trinity full-stack architecture.
SIASUN is exhibiting intelligent robot products and intelligent manufacturing system solutions at the 26th China International Industry Fair, held in Shanghai from October 12 to 16, at Booth A239 in Hall 7.1H. The embodied intelligence exhibition area features the BR-MR73A full-body wheeled humanoid robot for die-bonding equipment loading and unloading and multi-view vehicle lock inspection, the BR-DR73 half-body humanoid robot coffee latte art workstation, as well as the OneHub multi-robot collaboration system and the Songyi wheeled humanoid robots Agile and Power.
On October 11, 2026, Hefei Movexx (MiMA) opened its Shenyang Marketing Service Center in the Jinlian New Economy Industrial Park in Hunnan District, Shenyang, filling a gap in its service network in Northeast China. The event featured displays and live demonstrations of very narrow aisle forklifts, AGV smart forklifts, and omnidirectional forklifts, and the company also launched its "C Plan" strategy and member partnership benefits for Northeast customers. The center will serve Liaoning, Jilin, Heilongjiang, and eastern Inner Mongolia; MiMA has now established marketing service centers in 21 core cities nationwide.
Relying on its self-developed 3D SLAM laser navigation, multi-sensor fusion positioning, and RMS fleet scheduling system, Xunji Zhixing has built a product matrix of outdoor handling robots spanning counterbalance forklifts, tow tractors, and custom AMRs.
The author summarizes three investigations published on the same day by Caijing, Lanjinger, and Forbes, noting that the embodied AI industry has engaged in practices such as pass-through order transactions and inflated factory deployment narratives.
At the 26th China International Industry Fair, Unitree founder Wang Xingxing said his biggest mistake over the past decade was not believing in AI enough. He said the release of GPT-6 greatly improved embodied intelligence practitioners' understanding, and that Unitree tested it on various robots with good results. He believes a breakthrough could come within one to two years if things move quickly, and that GPT-7 next year could directly solve the embodied intelligence problem.
Sankai Electromechanical announced the completion of a Series B equity financing round of several hundred million yuan, co-led by the Industrial Machine Tool Industry Investment Fund and Wuchan Zhongda Investment, with Caitong Capital and Wenling Haihe Rongzhi participating. The funds will be used to deepen R&D in humanoid robot joint reducers and integrated drive technology, expand precision reducer production capacity, and advance the domestic substitution of high-end transmission components. At the end of last year, the company received an over-100-million-yuan Series A round led by Fortune Capital.
Yisheng New Materials announced the completion of nearly RMB 100 million in Series A3 financing, co-led by Yuanhe PuHua and Changjiang Innovation, with participation from CITIC Construction Investment, Fengyuan Capital and other institutions, and follow-on investment from existing shareholder Xinchuang Fund. The funds will be used primarily for hardware equipment investment and recruiting high-end talent.
Moss Intelligence recently completed a Pre-A funding round of over 1 billion yuan, led jointly by Huakong Fund, with participation from China Development Bank Science and Technology Innovation, Shanghai Science and Technology Innovation Fund, and several other institutions. The company was incubated by Fudan University's Qiu Xipeng team. CEO Li Shimin said the funds will be used for R&D of the full-modal real-time interaction system and global commercialization. Its MOSS Live system targets terminals such as glasses, cars, and robots, with the goal of enabling AI to continuously understand on-site situations and conduct duplex real-time interaction.
Guangxi Lituo Intelligence recently completed its Series A funding signing, receiving joint investment from Guangtou Capital and Liuzhou Industrial Group. The funds will go toward R&D and upgrades of self-developed flexible smart equipment, industry applications, and market promotion. Lituo Intelligence independently developed a fully domestically produced tool changer, pioneered the Luban Axis (flexible gripper) and NC servo positioning robot, and holds nearly 60 core patents (including 14 invention patents). It is a core NC product supplier for SAIC-GM-Wuling's island factory, and its customers include Geely, BYD, SAIC-GM-Wuling, and other domestic and international automakers.
XPeng announced its humanoid robot mass production plan during the Paris Motor Show: it will achieve mass production by the end of 2026 and begin deliveries in the first half of 2027, starting with commercial scenarios such as stores and shopping malls before gradually expanding to industrial and home scenarios. XPeng's robot production line has officially been put into operation, and the world's first high-level general-purpose humanoid robot completed automated final assembly and walked off the production line on its own. XPeng IRON features multimodal interaction capabilities, can recognize faces, remember conversation context, and supports switching among Chinese, English, and German.
On October 11, at the Premium Going-Global Exhibition of the 2026 Guangdong-Hong Kong-Macao Entrepreneurs Economic and Trade Exchange Conference held in Shenzhen, Digital Huaxia exhibited the bionic humanoid robot "Xialan R03," which stood with near-human body proportions and displayed bionic facial expressions and natural limb movements. Relying on the company's self-developed multimodal embodied intelligent interaction platform "Juhao®," Xialan R03 enables natural human-robot dialogue and multimodal interaction, and is mainly aimed at scenarios such as exhibition hall guidance, branch service, and brand showcases. The company states that it has already possessed the engineering capability for batch delivery and stable operation as well as the conditions for large-scale commercialization.
Moxian Technology, an embodied intelligence company based in Dongguan, has completed an equity financing round of tens of millions of yuan. Investors include Songshan Lake Industrial Investment, Clear Water Bay Fund, and Xyz Robotics, an embodied intelligence unicorn valued at over 20 billion yuan. Founded in 2021 by Kuang Zheng, a former sensor design engineer at DJI, Moxian Technology focuses on tactile sensors, electronic skin, and data-collection gloves. Its electronic skin is as thin as 0.2 millimeters and can accommodate more than 1,000 sensing points on a dexterous hand. Within the past week, Xyz Robotics also participated in the over 100 million yuan Series A+ financing of Wuxi robot joint manufacturer Juxie Intelligence, a round led by Huatai Zijin with participation from Ninebot Capital, Ecovacs, and others.
The Rocky Mountain AI Interest Group (RMAIIG) is hosting an AI Robotics Showcase on November 17 at CU Boulder East Campus and is now accepting applications for humanoid robot and AI robotics project demonstrations. The event includes robot displays and a pre-selected speaker session, with an expected 300+ in-person attendees and more than 4,500 community members; exhibiting is free. The application deadline is October 31, and projects do not need to be fully complete to apply.
Danu Robotics is bringing to market an AI-driven recycling sorting robot after six years of R&D. Its flagship product, H.E.R.O., uses a pincer-style gripper rather than the suction-cup systems common among competitors, and continuously improves software performance through AI.
Lars Talbert, writing in The Robotic Life, distinguishes humanoid robot order announcements from actual deployments: about 20,000 units shipped in 2025, 95% from Chinese manufacturers; Smart Analytics Global counted 19,100 units in the first half of 2026, with AgiBot and Unitree accounting for three-quarters.
Fortem and MBDA have expanded their partnership: DroneHunter and FireThorn are now integrated into existing air-defense architectures in Europe and among allied forces.
.@FortemTech is integral to defense, and every advance the company makes helps make people safer. 👇
🏆 German Design Award 2027. Winner.
Sherpa Mecha, our industrial humanoid robot, has won the Excellent Product Design award in the Industry category.
Most factory robots are designed to be tolerated. We wanted a robot that people would be willing to work alongside.
https://www.german-design-award.com/en/gallery/detail/industry/sherpa-mecha
#GermanDesignAward
Dematic will present smart logistics solutions including the Flying Dragon system at CeMAT ASIA 2026 from November 3 to 6, at Booth B4, Hall W1, Shanghai New International Expo Centre. At the show, live demonstrations will show the Flying Dragon system covering the core smart warehouse processes from storage and transport to picking, and will showcase the Flying Dragon system working in coordination with AMR goods-to-person picking. Visitors can also talk with experts about full-warehouse-process solutions and support for companies expanding overseas.
A logistics facility in Japan's Kyushu region that handles deliveries for an appliance retail chain has adopted the Libiao T-Sort sorting system, deploying 4 loading stations, 2 operating lanes, and 40 sorting robots. It processes goods in the thousands per hour, completing sorting for about 100 stores.
On October 11, 2026, UBTech and Xiamen C&D signed a strategic cooperation agreement in Xiamen. The two parties will jointly establish a joint venture and build the Fujian headquarters of the UBTech Ecosystem Technology Center, with plans to jointly achieve a sales target of no fewer than 10,000 UBTech humanoid robots by 2030.
The article analyzes the commercialization progress of robot retail: this National Day, more than 30 embodied intelligence companies entered cultural tourism and retail scenarios; Galbot's space capsules cover about 50 cities and about 200 locations; Crossdim Intelligence's more than 30 small stations received over 110,000 visits during the holiday; SenseTime Shanhui's Shaomaigou stores require only 0.2 to 0.3 staff per store. It also points out real challenges such as Hongqi Chain halting its robot vending project, grasping failure rates, and the lack of after-sales systems, and cites data projecting the global retail robot market to grow from $6.84 billion in 2025 to $23.07 billion in 2034.
On October 12, Oula Wanxiang announced the completion of an angel+ round of hundreds of millions of yuan, with participation from Chengyuanxiang Fund, Xinneng Venture Capital, Topband, Hony Capital and others; the company has completed four funding rounds within half a year of its founding. The company proposes a cultivable approach, using a mobile chassis plus dual robotic arms form factor, initially iterating for maker developers, and partnering with Haokang Home to obtain home-service demonstration data; in September it released two self-developed AI models, OLASem and OLAGeo, focused respectively on semantic understanding and 3D spatial perception, attempting to build a data loop.
On October 9, 2026, Hong Kong-listed Geek+ announced a 50 million yuan strategic investment in Beijing Shenyi, a nine-month-old company with no revenue yet, acquiring a 20% stake at a post-investment valuation of 250 million yuan. The transaction is a related-party transaction and is exempt from independent shareholder voting. Beijing Shenyi proposes an L4E+E4L self-evolution paradigm, emphasizing continuous parameter iteration through interaction with the real environment after robot deployment. It has completed 0.1-millimeter-level industrial flexible insertion work on site at the World Robot Conference in China, with the key learning process taking only half a day.
Shuangpai Robotics announced the completion of a Series A+ funding round, led by Daosheng Capital with Lingdong Venture Capital participating. Founded in 2022, the company's products include the W1 four-in-one smart walker, the P2 long-range smart wheelchair, and the M2 bend-free folding smart mobility scooter. It has delivered to nearly 30 countries, holds orders for nearly 10,000 units, and its production capacity is booked through the end of next year. The funding will go toward in-house development and mass production of core components, the rollout of features such as assisted driving and voice companionship, and overseas channel and production capacity building.