XPeng’s Robotics Unit Raises Over US$900M in Funding with US$6.3 billion Valuation Ahead of Humanoid Robot Production
aiinsider ·
XPeng's robotics unit has raised over $900 million in its first external funding round, achieving a post-money valuation of more than $6.3 billion as it prepares its Iron humanoid robot for mass production. The round was led by IDG Capital, with participation from Gaorong Ventures and strategic investments from Tencent and Alibaba, and is described as the largest single-round private capital raise to date in China's embodied AI industry. XPeng plans to use the funds for robotics R&D, physical AI model training, data generation, production facilities, and global expansion. The company expects Iron to enter mass production by the end of 2026, with initial deployments at XPeng stores and campuses, followed by a broader commercial launch and deliveries in China and overseas markets in 2027. Iron is a general-purpose humanoid platform with 76 degrees of freedom, in-house developed chips and controllers, and three Turing AI chips delivering up to 2,250 TOPS of computing performance. The robot runs XPeng's physical AI foundation model onboard and is designed to perform complex tasks autonomously without remote operation. XPeng will retain controlling ownership of the robotics business and continue consolidating the unit into its financial statements, while also using the financing to support employee incentive programs.
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