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AgiBot (Zhiyuan Robotics)China's leading humanoid robotics company by units shipped
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
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) |
| 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 |
Series B lead (Mar 2025); strategic backer
Strategic investor and deployment partner
Strategic backer (2025)
Strategic backer (2025)
Seed lead; multi-round backer
Multi-round backer
AI / technology synergies
Growth equity participant
Strategic backer
Founded by ex-Huawei engineers Deng Taihua and Peng Zhihui (Genius Youth)
Largest seed round for Chinese robotics, led by HongShan (Sequoia China)
5 new humanoid models unveiled including A2, A2-Max, A2-W, X1, X1-W
First Tencent investment; valuation pushed past $2B
Industrial-grade wheeled humanoid launched
AgiBot A2 walks 106.286 km
Per Omdia: #1 globally out of ~13,000 industry shipments
LG Electronics + Mirae Asset + BYD + Hillhouse
Cumulative across A/X/G series
Reverse acquisition of Swancor Advanced Materials, ~$290M deal
Targeting $5.14–6.4B valuation
A2 humanoid robot. #1 global shipments (5,000+ units). Backed by Tencent, BYD, Baidu. AgiBot was founded in 2023, is headquartered in Shanghai, China and employs ~600.
AgiBot has raised $200M+ disclosed across 10+ rounds in total at a ~15B yuan (~$2.07B); IPO target HK$40–50B (~$5.14–6.4B) valuation, based on the funding rounds Sterling tracks.
Sterling groups AgiBot in the Humanoid Robots sector, alongside Tesla (Optimus), Figure AI (private), Agility Robotics (private), Apptronik (private), 1X Technologies (private) and Boston Dynamics (HYUNDAI).
If you are researching AgiBot, also look at Tesla (Optimus), Boston Dynamics (HYUNDAI) and UBTECH Robotics (9880.HK). You can compare all of them side by side or browse the full Humanoid Robots sector on Sterling.
