TECH

Noetix Robotics Raises Nearly 1 Billion Yuan After Spring Festival Gala Skit

Published: Mar. 2, 2026 6:06 p.m. GMT+8

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Noetix Robotics robots made a high-profile appearance on the CCTV Spring Festival Gala on Feb. 16. Photo: CCTV screenshot

Noetix Robotics Beijing Technology Co. Ltd., one of four robot manufacturers recently featured on China’s widely-watched Spring Festival Gala, announced on Monday that it has completed a Series B funding round, bringing the total raised in this tranche to nearly 1 billion yuan ($145.9 million).

The substantial capital injection underscores the intense investor appetite for China’s burgeoning humanoid robot sector, where startups are racing to commercialize affordable consumer models and command high valuations despite lingering technical and supply-chain hurdles.

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Noetix Robotics completed a Series B funding round totaling nearly 1 billion yuan ($145.9 million), reflecting strong investor interest in China's humanoid robot sector.
The company focuses on affordable consumer robots, including the 94cm Bumi, marketed as the world’s first high-performance humanoid under 10,000 yuan, and the E1 and N2 models.
Noetix appeared at the 2024 Spring Festival Gala and is founded by Jiang Zheyuan, who launched their first humanoid robot in 43 days in 2023.

AI generated, for reference only

Who’s Who

Noetix Robotics Beijing Technology Co. Ltd.: Noetix Robotics Beijing Technology Co. Ltd. recently secured nearly 1 billion yuan in a Series B funding round, its ninth financing round overall. The company, featured on China's Spring Festival Gala, specializes in humanoid robots for the consumer market, including models like the E1 and the more affordable Bumi, priced under 10,000 yuan. Their founder, Jiang Zheyuan, dropped out of a doctoral program in 2023 to establish the startup.

Chendao Capital: Chendao Capital is an industrial investment platform affiliated with the battery giant Contemporary Amperex Technology Co. Ltd. (CATL). It led the latest Series B funding round for Noetix Robotics Beijing Technology Co. Ltd., contributing to the nearly 1 billion yuan ($145.9 million) raised in this tranche. This investment underscores the strong investor interest in China's rapidly developing humanoid robot sector.

Contemporary Amperex Technology Co. Ltd.: Contemporary Amperex Technology Co. Ltd. (CATL) is a battery giant. Its affiliated industrial investment platform, Chendao Capital, led the Series B funding round for Noetix Robotics Beijing Technology Co. Ltd. This highlights CATL's involvement in the burgeoning humanoid robot sector in China.

CAS Investment Management Co. Ltd.: CAS Investment Management Co. Ltd. participated as an investor in the Series B funding round for Noetix Robotics Beijing Technology Co. Ltd. This marks the ninth financing round for Noetix Robotics, a company focused on developing humanoid robots for the consumer market.

Unity Ventures: Unity Ventures is mentioned as an investor in Noetix Robotics Beijing Technology Co. Ltd. They participated in the Series B funding round, which contributed to the nearly 1 billion yuan ($145.9 million) raised in total for this tranche. This marks the ninth financing round for Noetix Robotics.

Spirit AI: Spirit AI is a competitor in China's burgeoning humanoid robot sector. The company has attracted significant investment, closing a financing round in the range of 1 billion yuan during the second half of 2025. This indicates strong investor interest in Spirit AI, alongside other firms like Noetix Robotics, Galaxea, LimX Dynamics, and AI² Robotics.

Galaxea: Galaxea is a company operating in the burgeoning humanoid robot sector in China. Alongside competitors like Noetix Robotics, Spirit AI, LimX Dynamics, and AI² Robotics, Galaxea has successfully closed financing rounds of approximately 1 billion yuan since the latter half of 2025, indicating significant investor interest in the industry.

LimX Dynamics: LimX Dynamics is a Chinese robot manufacturer that has recently secured a substantial financing round, reportedly around 1 billion yuan, since the second half of 2025. This indicates significant investor interest in the burgeoning humanoid robot sector within China.

AI² Robotics: AI² Robotics is one of several competitors in China's humanoid robot sector that have successfully closed financing rounds of approximately 1 billion yuan since the second half of 2025. This indicates significant investment in the company and the industry as a whole.

AI generated, for reference only

What Happened When

2023：: Jiang Zheyuan dropped out of a doctoral program at Tsinghua University to found Noetix Robotics.

October 2023：: Noetix Robotics team reportedly went from concept design to manufacturing its first humanoid robot in just 43 days.

Early 2025：: Noetix Robotics launched the N2 robot for 39,900 yuan.

April 2025：: Noetix Robotics began delivering the N2 robot.

April 2025：: Noetix Robotics' team secured second place in a global humanoid robot half-marathon in Beijing.

October 2025：: Noetix Robotics completed a pre-Series B funding round of 300 million yuan.

Second half of 2025：: Competitors including Spirit AI, Galaxea, LimX Dynamics, and AI² Robotics each closed financing rounds around 1 billion yuan.