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XPENG Robotics Business Raises over US$900 Million at a Post-Money Valuation of over US$6.3 Billion, Accelerating Physical AI Deployment
The company said the money will help fund mass production of its IRON humanoid as it targets showroom, campus and factory deployments.
Summary by PR Newswire
9 Articles
9 Articles
Xpeng's robotics unit valued at over $6.3 billion after record funding ...
In Germany, Xpeng is best known for its electric cars. The Chinese company's robotics division is now valued at billions – thanks to new funding providers.
XPENG’s robotics arm has raised more than $900M ahead of its humanoid production run
XPENG said on Monday that its robotics business has raised more than $900M in what the company described as its first funding round, a substantial sum for a unit that has yet to sell a single robot commercially. The timing is deliberate, since the Chinese carmaker has committed to putting its IRON humanoid into mass […] This story continues at The Next Web
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Total News Sources9
Leaning Left2Leaning Right2Center3Last Updated43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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