AgiBot (Zhiyuan Robotics)
China's leading humanoid robotics company by units shipped
Shanghai, China~600Founded 2023$200M+ disclosed across 10+ rounds raised~15B yuan (~$2.07B); IPO target HK$40–50B (~$5.14–6.4B) valuationwww.agibot.com
SectorsHumanoid Robots
Units Delivered (2025)
5,168
Per Omdia, global #1
Cumulative Units (Mar 2026)
10,000+
Across A/X/G series
Valuation (private, late 2025/early 2026)
~15B yuan (~$2B)
From <$1B in 2024
IPO Target
$5.14–6.4B
HK Q3 2026
Funding Rounds
10+
Since Sep 2023
Funding History
Total raised: $200M+ disclosed across 10+ rounds · Latest valuation: ~15B yuan (~$2.07B); IPO target HK$40–50B (~$5.14–6.4B)
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| Seed | Sep 2023 | $83.8M | — | HongShan (Sequoia China) |
| Series A / Strategic Rounds | 2024–2025 | Multiple rounds (10+) | — | TencentBYDHillhouse InvestmentBaidu+2 more |
| Series B (Tencent-led) | Mar 2025 | Hundreds of millions yuan | ~$2.07B (Mar 2025) | Tencent (lead) |
| Strategic | 2025 | Undisclosed | ~15B yuan (~$2B+) | LG ElectronicsMirae AssetBYDHillhouse |
| STAR Market Reverse Listing (Swancor) | 2026 (announced) | ~2.1B yuan (~$290M deal value) | TBD | Public (China A-share via Swancor reverse acquisition) |
| Hong Kong IPO (planned) | Q3 2026 (target) | >$1B (selling 15–25%) | HK$40–50B ($5.14–6.4B) | CICC (lead)CITIC Securities (lead)Morgan Stanley (syndicate) |
Product Specifications
| Spec | Yuanzheng A2 | Lingxi X1/X2 | Jingling G2 |
|---|---|---|---|
| Type | Bipedal flagship humanoid | Compact humanoid | Wheeled industrial humanoid |
| Height | 175cm | — | — |
| Weight | 55kg | — | — |
| DOF | 40+ (with 19-DOF dexterous hand) | Standard | Standard + sub-mm precision |
| Compute | Onboard multimodal (no cloud needed) | — | Up to 2070 TFLOPS (Jetson Thor) |
| Price | $100–190K (range) | $20K+ | — |
| Target | Manufacturing / general purpose | Education, research | Precision industrial |
Partnerships & Investors
TencentInvestor
Series B lead (Mar 2025); strategic backer
BYDInvestor & Customer
Strategic investor and deployment partner
LG ElectronicsInvestor
Strategic backer (2025)
Mirae AssetInvestor
Strategic backer (2025)
HongShan (Sequoia China)Investor
Seed lead; multi-round backer
Hillhouse InvestmentInvestor
Multi-round backer
BaiduInvestor
AI / technology synergies
Warburg PincusInvestor
Growth equity participant
JD.comInvestor
Strategic backer
Key Milestones
2023
Company Founded
Founded by ex-Huawei engineers Deng Taihua and Peng Zhihui (Genius Youth)
Sep 2023
$83.8M Seed Round
Largest seed round for Chinese robotics, led by HongShan (Sequoia China)
2024
Yuanzheng A2 / Lingxi X1 Launch
5 new humanoid models unveiled including A2, A2-Max, A2-W, X1, X1-W
Mar 2025
Tencent-led Series B
First Tencent investment; valuation pushed past $2B
Oct 2025
G2 Industrial Wheeled Humanoid
Industrial-grade wheeled humanoid launched
Nov 2025
Guinness World Record
AgiBot A2 walks 106.286 km
End 2025
5,168 Units Delivered
Per Omdia: #1 globally out of ~13,000 industry shipments
2026
Strategic Round at ~15B yuan valuation
LG Electronics + Mirae Asset + BYD + Hillhouse
Mar 2026
10,000th Robot Produced
Cumulative across A/X/G series
2026
STAR Market Reverse Listing
Reverse acquisition of Swancor Advanced Materials, ~$290M deal
Q3 2026 (target)
Hong Kong IPO
Targeting $5.14–6.4B valuation