XPENG’s physical AI unit has secured over $900 million at a $6.3 billion valuation to scale its IRON humanoid robot platform.
The Chinese electric vehicle maker announced the funding round for its robotics business through a set of share purchase agreements with multiple investors. XPENG says the deal represents the largest single-round private capital raise in China’s physical AI industry to date, based on both the amount raised and the resulting valuation.
He Xiaopeng, Chairman and CEO of XPENG, said: “Over the past 12 years, XPENG has remained committed to full-stack in-house R&D, building a solid technological foundation for the physical…
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