Daily financing of 3.8 billion yuan: Humanoid robots are not short of money — what are the influx of capital investing in?

The body-aware intelligence track is once again experiencing a capital surge.

On March 2nd, Galaxy General Robotics and Songyan Power announced they had completed new rounds of funding totaling 2.5 billion yuan and nearly 1 billion yuan, respectively. In just over two months this year, single funding rounds have repeatedly broken records. Including Youliqi’s nearly 300 million yuan financing, the combined daily funding of three companies reached 3.8 billion yuan, marking that the Chinese humanoid robot industry has entered a “full throttle” phase.

In February alone, Zhihui Square completed over 1 billion yuan in Series B funding, Qianxun Intelligent secured nearly 2 billion yuan across two funding rounds, Ziyuan Robotics raised hundreds of millions, Yinshi Robotics completed hundreds of millions in Series C2 funding, and Lingxin Qiaoshou nearly 1.5 billion yuan in Series B funding… According to incomplete statistics from The Paper, in just over two months in 2026, the humanoid robot industry (including components) has completed at least 18 funding rounds, totaling over 13 billion yuan. Among them, Qianxun Intelligent, Xinghai Tu, Zhihui Square, Ziyuan Robotics, and Lingxin Qiaoshou have recently joined the “Hundred Billion Market Cap Club.”

Since 2026, the humanoid robot industry (including components) has completed at least 18 funding rounds.

Despite different statistical standards among various institutions, according to the industry analysis report from Qianzhan Industry Research Institute, in 2025, China’s humanoid robot industry experienced 173 funding events totaling 23.598 billion yuan; according to Gaogong Humanoid Robots’ incomplete statistics, the domestic humanoid industry chain completed 267 funding events and 2 acquisitions, with a total of 44.5 billion yuan raised.

Even using the highest figure of 44.5 billion yuan, the total funding this year so far is nearly one-third of last year’s total.

Galaxy General Sets New Funding Record, Industrial Orders Reach Thousands

Galaxy General Robotics’ recent 2.5 billion yuan funding round was led by the National Artificial Intelligence Industry Fund (Phase III), with participation from Sinopec, CITIC Group Investment Holding, Bank of China, SAIC Group Financial Holdings, SMIC Juyuan, Yizhuang State Investment, Future Industry Investment, Kunpeng Fund, Wuxi Venture Capital, Fujian Industry Investment, and other heavyweight industry investors. Several existing shareholders also continued to increase their investments.

This round of funding surpasses the over $300 million (about 2.1 billion yuan) in domestic humanoid intelligent single-round financing completed at the end of last year, making Galaxy General’s total funding the highest in China’s body-aware intelligence field to date.

At this year’s CCTV Spring Festival Gala, Galaxy General’s humanoid robot performed alongside actors Shen Teng and Ma Li, demonstrating skills such as cracking walnuts, picking up glass shards, retrieving items from shelves, folding clothes, and skewering sausages.

Galaxy General’s humanoid robot showcases sausage skewering on the Spring Festival Gala stage.

It is reported that the “special skills” demonstrated in the program are thanks to their self-developed comprehensive model “Galaxy Brain AstraBrain,” integrating “big brain - cerebellum - neural control” in an end-to-end manner.

Currently, industry practices often develop “big brain” (task planning), “cerebellum” (motion control), and “hands” (dexterous operation) separately, which can lead to information loss, response delays, and weak generalization. AstraBrain chooses a full-chain approach that connects high-level multimodal perception with real-time feedback control, deeply integrating whole-body coordination and fine hand operations.

Galaxy General was founded in May 2023 by Beijing University researcher and Boya Young Scholar Wang He. Wang He graduated from Stanford University, studying under renowned computer vision expert Leonidas J. Guibas. The core team includes AI and robotics experts from top universities such as Peking University, Tsinghua University, Stanford, and Beihang University. The company’s valuation exceeds 20 billion yuan.

Galaxy General’s robots have been deployed in real-world scenarios including industry, retail, and healthcare.

Recently, founder Wang He stated that commercial service robots capable of working are valued based on labor costs. For example, a 24-hour pharmacy robot costs around 500,000 to 600,000 yuan, replacing two or three shifts of human workers, calculated at 60% of three-year labor costs. Purely interactive robots are now priced at 10,000 yuan or less, with a market size that is dozens of times larger.

Galaxy General’s “Galaxy Space Capsule” convenience store.

Songyan Power’s “Dual-Drive” Strategy: Lower Product Prices to Stimulate a Healthy Cycle

Songyan Power’s nearly 1 billion yuan Series B funding was led by CATL’s industry investment platform Chendao Capital, with participation from Guoke Investment, Jingguosheng Fund, Jiuheshang Venture Capital, and other well-known institutions.

The company also appeared on the CCTV Spring Festival Gala, focusing on emotional interaction. In the language program “Grandma’s Favorite,” bipedal and bionic robots like N2, E1, and Bumi performed alongside Cai Ming, executing actions such as side flips, head stretching, and humanoid running.

Songyan Power’s robots perform with actors Cai Ming and Wang Tianfang at the Year of the Horse Spring Festival Gala.

Founded in September 2023, Songyan Power adopts a “dual-line drive” approach combining bipedal and bionic technologies. The core team comes from Tsinghua University, Zhejiang University, and other top institutions, with most members being post-95s.

In October 2023, the company launched its first humanoid robot prototype N1, taking 43 days from concept design to manufacturing. By June 2024, its first self-developed bionic head was completed. The “Little Rascal N2” gained popularity at the Humanoid Robot Half Marathon and Paris Fashion Week. In October 2025, Songyan Power released the “Bumi Bumi” humanoid robot priced at 9,998 yuan.

Founder and Chairman Jiang Zheyuan recently said the company mainly focuses on two scenarios: educational companionship robots, with “Bumi Bumi” priced around 10,000 yuan; and entertainment, guiding, and reception scenarios, where bionic humans can handle scripts of thousands of words, such as tour guides.

CMO Zhang Miao previously told The Paper and other media that the company will focus on three technological breakthroughs this year: first, strengthening high-reliability hardware and motion control; second, deepening integration of “big brain” (perception and decision-making) and “small brain” (execution); third, establishing links between data and robot iteration, using real-world data to drive product updates and competitiveness, rather than just parameter superiority.

After the latest funding round, Songyan Power plans to promote robots into schools, science museums, and communities through scenario-based demonstrations, allowing consumers to directly experience their value. Lowering product prices will activate vast applications in households and education; large-scale scenario deployment will drive supply chain efficiency, reduce costs, and create a virtuous cycle of “scenario volume - capacity enhancement - cost optimization,” ultimately meeting market demand and expanding production capacity.

Intensive Funding, Standard System Launch, Year of Realization for Humanoid Robots

In addition to continuous capital support, industry standards are also advancing.

On February 28th, CCTV News reported that the Ministry of Industry and Information Technology’s Standardization Technical Committee for Humanoid Robots and Body-aware Intelligence officially released the “Standard System for Humanoid Robots and Body-aware Intelligence (2026 Edition),” covering six parts: basic commonality, brain-like and intelligent computing, limb and component modules, complete machines and systems, applications, and safety ethics. This is China’s first top-level standard covering the entire industry chain and lifecycle of humanoid robots, marking a new phase of standardized development.

Jiang Lei, deputy director of the standardization committee and chief scientist at Shanghai Humaniform Robotics Co., Ltd., said that the industry has entered a stage of large-scale development, with 2025 reaching the level of tens of thousands of units. Having gone from 0 to 1, the next step is from 1 to 10. The industry calls for not only innovation but also governance and collaboration. The committee aims to complete standard research and formulation within six months and invites broader participation.

Wang Xingxing, also deputy director of the standardization committee, called for establishing the concept that “everyone’s good, industry’s good, then truly good,” emphasizing that in recent years, companies have been pushing for robots to be truly deployed in factories. “For robots to really work, industry standards are indispensable.”

At the roundtable forum held that day, 熊友军, deputy director of the standardization committee and moderator, along with nine representatives including Gao Jiyang, founder of Xinghai Tu, discussed mass production challenges, technological breakthroughs, scenario implementation, and standard needs. Participants generally agreed that during mass production, the industry must address common issues such as consistency control, supply chain coordination, and calibration of intelligence and hardware. They emphasized the importance of advancing world models, reinforcement learning, and multimodal data collection, as well as accelerating the deployment of high-value scenarios like semi-structured industrial, logistics sorting, and security patrols. The industry also urgently needs unified standards for body-aware data, safety norms, and universal interfaces, clarifying product technical limits to avoid internal competition and ensure steady industry development.

Humanoid Robot and Body-aware Intelligence Standardization (HEIS) Annual Conference Roundtable.

Guojin Securities’ latest research report states that 2026 will be a crucial year for the realization of humanoid robots. Tesla’s first-generation mass-produced product is expected to be released in Q1, with large-scale production lines completed by mid-year and mass production starting in August. Leading domestic manufacturers are expected to ship tens of thousands of units, mainly for secondary development, guiding, and inspection applications. At this stage, supply chain and technology will tend to converge.

Huajin Securities notes that core components of humanoid robots have made breakthroughs, with the “brain” ready for rapid development. Key parts such as harmonic drives, servo motors, controllers, and six-axis force sensors directly determine the robot’s motion accuracy, stability, and lifespan. Over the past year, many core component suppliers have achieved breakthroughs, reducing costs and increasing localization. The stage has been set by the Spring Festival Gala to demonstrate that China’s humanoid robot hardware is competitive; the next challenge is to develop the “brain” of the robot.

Huajin Securities emphasizes that showcasing robots on the Spring Festival stage marks their transition from performance and research to mass production and real-world deployment, accelerating commercialization. While the Gala has helped “break the circle,” the real industry trajectory depends on applications in malls, factories, and office buildings. When robots undertake actual work, parameters and actions are no longer the only standards; operational durability, deployment efficiency, and measurable output become key. By 2026, those manufacturers and component suppliers capable of entering real scenarios, performing stable tasks, and continuously reducing errors during long-term operation will stand out.