Xpeng Robotics, a Shenzen, China-based affiliate of XPeng Inc. and a key part of its mobility ecosystem dedicated to creating smart robots, raised over US$100 million in Series A funding.
The round was led by IDG Capital, supported by XPeng Inc. and other long-time investors.
The company intends to use the funds to further strengthen its full-stack R&D investment in robotic hardware and software, top-tier talent acquisition, accelerating product development and iteration, to boost its technology and product competitiveness.
Led by Mr. Xu Zhigen, CEO, Xpeng Robotics specializes in robot powertrain, locomotion control, robot autonomy, robot interaction, and artificial intelligence. Its first product is a quadruped robot with autonomous navigation, able to deliver safe and agile motion performance with a multi-modal emotional interaction function. Equipped with a household-use robotic arm, it can act as a companion with the ability to care, entertain and transport.
The company is headquartered in Shenzhen with its R&D centers in Guangzhou, Beijing, and Silicon Valley. As of the end of June 2022, Xpeng Robotics has over 300 employees, 80% of whom are R&D staff integrating expertise from key sectors including robotics, artificial intelligence, automotive design and manufacturing, and the Internet.
FinSMEs
12/07/2022