Xingdong Jiyuan Completes Nearly 500 Million RMB Series A Financing

On July 7, Xingdong Jiyuan announced the completion of nearly 500 million RMB in Series A financing. This round of financing was led by Dinghui VGC and Haier Capital, with participation from well-known financial institutions and industrial capital such as Houxue Capital, Huaying Capital, Xianghe Capital, and Fengli Intelligent, as well as continued investment from existing shareholders like Qingliu Capital and Qingkong Fund. Huaxing Capital acted as the exclusive financial advisor for this round. Established in August 2023, Xingdong Jiyuan is the only embodied intelligence company owned by Tsinghua University. Since its inception, it has adhered to a technology route integrating software and hardware, aiming to create general intelligent agents in the physical world, enabling robots to penetrate various industries and households. The financing will be used for the R&D and mass production of humanoid robot hardware and software technologies, promoting the rapid operation of the 'model-body-scene data' closed-loop flywheel. Xingdong Jiyuan is continuously expanding its model and hardware layers. On the model side, the aim is for robots to 'understand the world and act independently' like humans. The company has proposed the VLA model ERA-42, integrating perception, understanding, prediction, and action into an end-to-end model. On the body side, they are developing a 'powerful and flexible body like humans.' Their self-developed humanoid robots are nearing human body performance and serve as a 'universal interface' for interacting with the physical world, extending usable data from real machine data to internet video data, thus addressing the data scarcity bottleneck. Currently, Xingdong Jiyuan has achieved mass product delivery, with over 200 products delivered this year and hundreds of orders in mass production. More than 50% of these orders come from overseas customers, leading the way in the export of embodied intelligence technology. Additionally, Xingdong Jiyuan is rapidly advancing in industrial logistics and chain retail scenarios. The company has released service-oriented wheeled humanoid robots Xingdong Q5, a full-size biped robot Xingdong SRAR 1 for industrial applications, and a dexterous hand XHAND1. With the embodied large model ERA-42, it can achieve full-body dexterous operations of the robot.