BUSINESS

China’s Spirit AI Valued at Over 10 Billion Yuan After Two Funding Rounds

Published: Feb. 24, 2026 6:50 p.m. GMT+8

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Spirit AI, a Beijing-based robotics startup, has raised nearly 2 billion yuan ($290 million) in two recent financing rounds that put its value at above 10 billion yuan.

The funding effort, announced Tuesday, comes as immense capital flows into China’s robotics industry, where investors are placing aggressive bets on startups developing general-purpose robots capable of navigating complex physical environments.

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Spirit AI, a Beijing robotics startup, raised nearly 2 billion yuan ($290M), valuing it above 10 billion yuan.
The company, founded in 2024, develops AI models for general-purpose robots and claims a 90% reduction in data costs, amassing over 200,000 hours of real-world data.
Several Chinese robotics startups are securing major funding and seeking public listings, reflecting rapid industry growth.

AI generated, for reference only

Who’s Who

Spirit AI: Spirit AI is a Beijing-based robotics startup founded in January 2024. It specializes in developing the "brains" of intelligent robots. The company has raised nearly 2 billion yuan ($290 million) across two funding rounds, valuing it at over 10 billion yuan. Spirit AI open-sourced its Spirit v1.5 model in January 2026, known for its strong zero-shot generalization capabilities. It uses a cost-effective data strategy and has deployed its humanoid robot, Xiao Mo, at a CATL production base.

YF Capital: YF Capital was one of the investors in Spirit AI's recent financing rounds, which collectively raised nearly 2 billion yuan ($290 million). This investment contributed to Spirit AI's valuation exceeding 10 billion yuan. YF Capital joined a diverse group of investors, including Chaos Investment and HongShan Capital Group, in funding the Beijing-based robotics startup.

Chaos Investment: Chaos Investment (混沌投资) is an investor in Spirit AI, a Beijing-based robotics startup. Spirit AI recently raised nearly 2 billion yuan ($290 million) across two financing rounds, valuing the company at over 10 billion yuan. Chaos Investment participated alongside YF Capital, HongShan Capital Group, and state-backed entities.

HongShan Capital Group: HongShan Capital Group is an investor in Spirit AI, a Beijing-based robotics startup. Spirit AI recently secured nearly 2 billion yuan ($290 million) in two financing rounds, attracting a diverse group of investors. HongShan Capital Group is one of several institutional and state-backed entities contributing capital to the rapidly growing robotics industry in China.

Chongqing Industrial Investment Mother Fund: The Chongqing Industrial Investment Mother Fund is a state-backed entity that has invested in Spirit AI, a Beijing-based robotics startup. Spirit AI recently raised nearly 2 billion yuan ($290 million) in funding rounds, with the Chongqing Industrial Investment Mother Fund being among the diverse roster of investors.

Rokae Robotics: Han Fengtao, a former CTO of Rokae Robotics, co-leads Spirit AI, a Beijing-based robotics startup founded in January 2024. Rokae Robotics is mentioned in the context of Spirit AI's leadership, specifically through Han Fengtao's previous role there.

CATL: CATL, a Chinese battery manufacturer, is mentioned in the article as a production base where Spirit AI's humanoid robot, Xiao Mo, began operations in December 2025. Xiao Mo conducts final functionality tests on battery packs at CATL's facility.

Galaxea AI: Galaxea AI is a competitor in China's robotics industry that secured a significant funding round in the second half of 2025, raising approximately 1 billion yuan. This highlights the substantial investment flowing into Chinese robotics startups, particularly those focused on general-purpose robots.

LimX Dynamics: LimX Dynamics is a Chinese robotics company that successfully closed a funding round in the second half of 2025, raising approximately 1 billion yuan. This information highlights the significant investment flowing into China's robotics industry, with companies like LimX Dynamics attracting substantial capital to develop general-purpose robots.

Leju Robotics: Leju Robotics is a Chinese robotics company that successfully closed a funding round in the second half of 2025, raising approximately 1 billion yuan. The company is actively pursuing a public listing, having filed for an IPO on China's A-share market.

Robot Era: Robot Era is a Chinese robotics firm that secured approximately 1 billion yuan in funding during the second half of 2025. This funding round makes Robot Era one of several competitors in China's rapidly growing robotics industry to attract significant investment.

Galbot: Galbot is a robotics company mentioned in the article as having closed a funding round in the second half of 2025, raising approximately 1 billion yuan. The company is also reportedly eyeing an Initial Public Offering (IPO) in Hong Kong, indicating its intention to go public.

Unitree Robotics: Unitree Robotics is identified as a Chinese robotics firm that is pivoting toward the public markets. They have filed for a listing on China's A-share market, alongside other companies like Leju Robotics and Deep Robotics. The article doesn't provide further details about their specific products or operations.

Deep Robotics: The article mentions that Deep Robotics (深维智能) is one of the Chinese robotics firms that are pivoting towards the public markets. They have filed for listings on China's A-share market.

Agibot: Agibot is a Chinese robotics firm that is currently eyeing an Initial Public Offering (IPO) in Hong Kong. The company is among several Chinese robotics firms pivoting toward public markets, seeking to raise capital through stock listings.

AI generated, for reference only

What Happened When

January 2024：: Spirit AI was founded.

After June 2025：: A wave of large-ticket funding deals occurred in China’s robotics industry (since mid-2025).

Second half of 2025：: Competitors including Galaxea AI, LimX Dynamics, Leju Robotics, Robot Era and Galbot closed funding rounds with money raised amounting to around 1 billion yuan each.

December 2025：: Spirit AI's humanoid robot Xiao Mo began operations at a CATL production base, conducting final functionality tests on battery packs.