CATL Leads $153 Million Funding Round for Humanoid Robotics Startup Galbot
Contemporary Amperex Technology Co. Limited (CATL), the world's largest battery manufacturer, has led a significant funding round of RMB 1.1 billion ($153 million) for Galbot, a Beijing-based humanoid robotics startup. This investment elevates Galbot to unicorn status, with a valuation exceeding $1 billion, according to reports from financial media outlet Caixin. The round also attracted participation from the growth investment arm of China Development Bank, the Beijing Robotics Industry Fund, and Granite Asia, the rebranded Asian division of GGV Capital. Galbot stated that CATL’s strategic backing aims to create synergies for deploying its embodied artificial intelligence models within the industrial sector. Although specific details were not disclosed, the company previously highlighted that its wheeled autonomous mobile robots, featuring a unique wheel-foot mobility structure and dual arms, are already performing physical tasks in factories operated by Mercedes-Benz and Zeekr, an electric vehicle affiliate of Geely. This move marks CATL's continued expansion into the humanoid robotics industry, leveraging its manufacturing prowess to support advanced automation solutions.
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CATL Leads $153 Million Funding Round for Humanoid Robotics Startup Galbot
Contemporary Amperex Technology Co. Limited (CATL), the world's largest battery manufacturer, has led a significant funding round of RMB 1.1 billion ($153 million) for Galbot, a Beijing-based humanoid robotics startup. This investment elevates Galbot to unicorn status, with a valuation exceeding $1 billion, according to reports from financial media outlet Caixin. The round also attracted participation from the growth investment arm of China Development Bank, the Beijing Robotics Industry Fund, and Granite Asia, the rebranded Asian division of GGV Capital. Galbot stated that CATL’s strategic backing aims to create synergies for deploying its embodied artificial intelligence models within the industrial sector. Although specific details were not disclosed, the company previously highlighted that its wheeled autonomous mobile robots, featuring a unique wheel-foot mobility structure and dual arms, are already performing physical tasks in factories operated by Mercedes-Benz and Zeekr, an electric vehicle affiliate of Geely. This move marks CATL's continued expansion into the humanoid robotics industry, leveraging its manufacturing prowess to support advanced automation solutions.
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