Unitree Robotics has recently completed its Series C financing round that started at the end of last year. The Series C round was jointly led by funds under China Mobile, Tencent, Jinqiu (a ByteDance-affiliated fund), Alibaba, Ant Group, and Geely Capital, with most of Unitree's old shareholders following suit. Unitree's pre-investment valuation currently exceeds 10 billion RMB, and its registered capital has increased to approximately 364 million yuan. Since its establishment in 2016, Unitree has completed 10 rounds of financing, backed by well-known investment institutions including Meituan Longzhu, Sequoia China, Beijing Robot Industry Investment Fund, Shunwei Capital, and others.
Investors still bullish on humanoids: China Mobile’s fund, Tencent, Alibaba, Ant Group, Geely Capital, and Jinqiu Capital led the Series C round.
