TECH

Galbot Raises $362 Million in Fresh Funding, Eyes Hong Kong IPO

Published: Mar. 3, 2026 12:41 a.m. GMT+8

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A Galbot humanoid robot on display in Shenzhen on Feb. 18, 2026. Photo: VCG

Beijing Galbot Co. Ltd. said Monday it has raised 2.5 billion yuan ($362 million) in a new financing round, a deal the company says makes it the highest-valued unlisted firm in the humanoid-robotics sector.

The funding underscores a sharp acceleration of investment into China’s embodied artificial-intelligence startups following the 2026 Lunar New Year, as companies scramble to secure capital for mass production and position themselves for potential public listings amid tightening competition for funding.

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Beijing Galbot raised 2.5 billion yuan ($362 million), reportedly making it the highest-valued unlisted humanoid-robotics firm.
The company employs advanced AI training, claims superior efficiency versus Tesla, and partners with major industry players; its robots are deployed in retail and manufacturing.
Galbot is preparing for a Hong Kong IPO amid a surge in China’s AI robotics investments, but challenges with data needs and ROI remain.

AI generated, for reference only

Who’s Who

Beijing Galbot Co. Ltd.: Beijing Galbot Co. Ltd. raised 2.5 billion yuan ($362 million) in a new financing round, making it the highest-valued unlisted firm in the humanoid-robotics sector. Founded in 2023 by Wang He, the company utilizes a training model that combines synthetic simulation data with real-world machine data, claiming high efficiency and success rates. Galbot is expanding into industrial manufacturing, retail, smart cities, and healthcare, with partnerships and deployments in numerous locations. It's also preparing for a listing on the Hong Kong Stock Exchange.

China Petroleum and Chemical Corp.: China Petroleum and Chemical Corp. (Sinopec Group) participated in Beijing Galbot Co. Ltd.'s latest financing round, investing in the humanoid-robotics company. This support comes as Galbot aims for mass production and a potential public listing.

Citic Group: Citic Group is a Chinese state-owned conglomerate. Its investment units were among the heavyweight backers in Beijing Galbot Co. Ltd.'s (a humanoid-robotics company) latest financing round, which raised 2.5 billion yuan ($362 million). This investment highlights Citic Group's involvement in China's rapidly growing embodied artificial intelligence sector.

Bank of China: Bank of China participated in a new financing round for Beijing Galbot Co. Ltd., investing alongside other heavyweight backers including the National AI Industry Investment Fund and Citic Group. This deal, following the 2026 Lunar New Year, contributed to Galbot raising 2.5 billion yuan ($362 million), making it the highest-valued unlisted firm in the humanoid-robotics sector.

SAIC Motor: SAIC Motor is an investment unit that participated in the latest financing round for Beijing Galbot Co. Ltd., a high-valued unlisted firm in the humanoid-robotics sector. SAIC Motor is also one of the industry leaders that Galbot has formed partnerships with, having generated thousands of cumulative orders.

China Mobile: China Mobile, through a back-funded entity, was involved in a significant financial round for Beijing Galbot Co. Ltd. in December 2025. This investment by a China Mobile-backed fund contributed to Galbot securing over $300 million, elevating its post-money valuation to $3 billion at the time.

Spirit AI: Spirit AI is a Chinese embodied artificial-intelligence startup. It is part of a broader fundraising wave in the humanoid robotics sector. In the first quarter of 2026, Spirit AI closed a single funding round of approximately 1 billion yuan, alongside several other robotics companies. This indicates strong investment interest in the company and the sector as a whole.

Galaxea AI: Galaxea AI is one of several Chinese embodied artificial-intelligence startups that secured significant funding in the first quarter of 2026, closing a single round of approximately 1 billion yuan. Its valuation reportedly topped 10 billion yuan. This information highlights the intense investment environment in China's robotics sector.

LimX Dynamics: LimX Dynamics is a Chinese artificial intelligence startup. In the first quarter of 2026, it secured a single funding round of approximately 1 billion yuan, participating in a broader wave of fundraising within the Chinese embodied AI sector.

Leju Robot: Leju Robot (乐聚机器人) is a Chinese robotics company that successfully raised approximately 1 billion yuan in a single financing round during the first quarter of 2026. This company, alongside Unitree Robotics and Deep Robotics, has filed for registration to be listed on China's A-share market.

Robot Era: Robot Era is one of several Chinese embodied artificial intelligence startups that successfully closed a financing round in the first quarter of 2026, securing approximately 1 billion yuan. This indicates significant investment and growth in China's robotics sector.

Engine AI: Engine AI is an embodied artificial intelligence startup in China. In the first quarter of 2026, it successfully closed a funding round of approximately 1 billion yuan, amidst a broader wave of significant investments in the humanoid robotics sector following the 2026 Lunar New Year.

X Square Robot: X Square Robot is a Chinese embodied artificial intelligence startup that has recently closed a funding round of approximately 1 billion yuan in the first quarter of 2026. Its valuation has reportedly exceeded 10 billion yuan. This information highlights the significant investment and growth in China's humanoid robotics sector.

AI² Robotics: AI² Robotics is one of several embodied artificial intelligence startups that have recently closed significant funding rounds. In the first quarter of 2026, AI² Robotics secured approximately 1 billion yuan in a single funding round. Notably, its valuation is reported to have exceeded 10 billion yuan.

Unitree Robotics: Unitree Robotics is a Chinese robotics company. It is among several robotics firms that have filed for registration to list on China's A-share market, seeking public financing for future growth. The article does not provide further details about the company.

Deep Robotics: Deep Robotics, an English translation of "大连深蓝机器人" (Dalian Shenlan Jiqiren), is a robotics company mentioned in the article as having filed for registration to list on China's A-share market. This indicates their intention to go public to secure further funding for growth amidst increasing competition in the robotics sector.

Contemporary Amperex Technology Co. Ltd. (CATL): Contemporary Amperex Technology Co. Ltd. (CATL) is mentioned as an industry leader that Galbot has partnered with. This partnership is part of Galbot's aggressive push into industrial manufacturing, retail, smart-city applications, and healthcare, contributing to thousands of cumulative orders for humanoid robotics.

Bosch: Bosch is a company that has partnered with Beijing Galbot Co. Ltd. Galbot, a humanoid robotics firm, has developed robots for various applications, including industrial manufacturing. The partnership with Bosch indicates Galbot's focus on collaborating with industry leaders in the industrial sector.

Toyota: Toyota has partnered with Beijing Galbot Co. Ltd., a Chinese humanoid robotics company. This collaboration involves Galbot providing its robotic solutions to Toyota, alongside other automotive industry leaders like Hyundai Motor and BAIC Group. The partnership highlights Galbot's aggressive push into industrial manufacturing with its advanced artificial intelligence robotics.

Hyundai Motor: Hyundai Motor has partnered with Beijing Galbot Co. Ltd., a Chinese humanoid robotics company. Galbot is actively expanding into various sectors, including industrial manufacturing, retail, smart-city applications, and healthcare. This collaboration with industry leaders like Hyundai Motor is helping Galbot secure thousands of cumulative orders for its robotic solutions.

BAIC Group: BAIC Group, also known as 北汽集团, is an industry leader that has partnered with humanoid robotics company Galbot. This collaboration allows Galbot to aggressively push its technology into industrial manufacturing, alongside other sectors like retail, smart-city applications, and healthcare. Through these partnerships, Galbot has generated thousands of cumulative orders.

Zeekr Intelligent Technology Holding Ltd.: Zeekr Intelligent Technology Holding Ltd. is an industry leader that has partnered with Beijing Galbot Co. Ltd. Galbot, a humanoid robotics firm, has generated thousands of cumulative orders through these partnerships.

Great Wall Motor: Great Wall Motor is mentioned as one of the industry leaders that has formed partnerships with Beijing Galbot Co. Ltd. This collaboration is part of Galbot's aggressive push into industrial manufacturing, retail, smart-city applications, and healthcare. Together, these partnerships have generated thousands of cumulative orders for Galbot's robotics.

AI generated, for reference only

What Happened When

2023：: Galbot was founded by Wang He, a researcher at Peking University and a graduate of Stanford University.

December 2025：: Galbot secured more than $300 million in a major fundraising round led by a China Mobile-backed fund, lifting its post-money valuation to $3 billion.

2026-02-16：: Galbot gained wider public recognition when one of its robots appeared in a short film during the CCTV Spring Festival Gala on Chinese New Year Eve.

After 2026-02-16 / following the 2026 Lunar New Year：: There was a sharp acceleration of investment into China’s embodied AI startups, with companies rushing to secure capital for mass production and possible public listings.