Valuation exceeds 20 billion yuan, Xinghaitu secures nearly 2 billion yuan in new financing, set to initiate large-scale deployment of tens of thousands of units

Sina Technology News, April 2nd, morning report: After completing nearly 1 billion yuan in Series B funding in February this year, Xinghaitu has recently secured nearly 2 billion yuan in Series B+ funding. It is reported that this round of financing brought together industry capital, leading long-term funds, national team funds, and top-tier PE institutions, and after the funding, the company’s valuation has exceeded 20 billion yuan.

On the industry capital side, Huaden Technology, Lens Technology, Silicon Investment, Shidai Bole, and Hangfa Fund participated in the investment. Among them, Xinghaitu, as an important partner of Lens Technology, will deeply collaborate in hardware supply chain and large-scale mass production, accelerating product full-scenario penetration. Regarding long-term patient capital, Jiuyuan Capital, Hongzhang Investment, Yuhai Capital, and other first- and second-tier long-term funds joined. Additionally, funds from Financial Street Capital, Jinpu Investment, Beijing Science and Technology Innovation, Guoyuan Equity, as well as funds under CITIC Capital, Puhua Capital, Hongtai Capital, and Guangfa Qianhe, top-tier PE institutions, also participated.

“These funds will be fully used for the development of the company’s foundational models and global ecological layout, promoting Xinghaitu’s real data route VLA and world model to be fully leading, and evolving from ‘developer’s first choice’ to ‘productivity benchmark’,” said Luo Tianqi, CFO of Xinghaitu, in a communication with Sina Technology and other media. He straightforwardly stated: “Gaining support from industry capital, long-term patient capital, national team funds, and even top-tier PE institutions reflects the recognition from various market participants and stakeholders of the solid work of the company’s team.”

Currently, Xinghaitu has built a complete product system around three major aspects: wheeled dual-arm, dexterous operation, and full-body motion control. It is one of the few industry platforms that can meet both top scientific research and industrial-grade engineering needs. The company’s R1 series embodied intelligent hardware has been tested by top global developers such as Physical Intelligence, Stanford AI Laboratory, and NVIDIA, serving top models worldwide, and has also become the preferred productivity platform for leading automakers and first-tier logistics operators.

According to Xinghaitu, in the developer market, the company’s hardware + platform collaboration remains the global market leader. The wheeled dual-arm robot has served over 150 top global embodied intelligence developer partners. Focusing on core vertical scenarios such as handling and mobility, grasping and placing, packaging, fabric stacking, and equipment chaining, the company has completed thousands of unit orders, with mass deployment expected to begin in 2026. (Wen Meng)

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Editor: Yang Ci