One of China’s most promising robotics company has just raised a new round of funding. And they’re aiming to change the future of autonomous labour.
What’s happening:
- Humanoid robotics company Galbot has raised $153M USD in a Series A financing round
Why it matters:
- Galbot’s flagship humanoid robot known as the G1 robot is one of the most advanced robots for handling packages and inventory automation and is capable of identifying more than 5,000 unique items
Going deeper:
- Multiple large companies have already struck partnerships with Galbot to leverage their G1 robot for automation, including Mercedes-Benz and Zeekr
- Galbot is widely considered one of the most advanced companies in China focused on humanoid robots and has received significant funding from government affiliated entities including the Chinese Development Bank and the Beijing Robot Industry Development Investment Fund
The intrigue:
- Galbot’s new Series A financing round was led by lithium-ion battery giant CATL, who just recently completed a multi billion dollar IPO onto the Hong Kong Stock Exchange
