XPeng Robotics Business Raises Over $900 Million at $6.3 Billion Valuation
Deals·2 articles across 2 outlets·◆ Primary source
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XPeng Inc. has announced that its robotics business raised over $900 million in its first funding round, significantly enhancing its efforts in the humanoid robot sector. The funding was led by IDG and Gaorong Ventures, with participation from notable investors including Alibaba Group and Tencent Holdings.
This funding round values XPeng's robotics unit at over $6.3 billion, marking a substantial milestone for the Chinese electric vehicle maker as it accelerates the deployment of physical AI technologies.
XPengAlibabaTencent
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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”
SEC Filing — XPENG robotics business raises over US$900 million at a post-money valuation of over US$6.3 billion, accelerating physical AI deployment“Xpeng Inc.’s robot unit plans to raise $900 million from investors including Alibaba Group Holding Ltd. and Tencent Holdings Ltd.”
Bloomberg — Xpeng Robot Unit to Raise $900 Million From Likes of Alibaba“Reuters: Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG and Gaorong Ventures at a $6.3B valuation, with Tencent and Alibaba participating — China's Xpeng said on”
techmeme — Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG and Gaorong Ventures at a $6.3B valuation, with Tencent and Alibaba participating (Reuters)