XPeng robotics unit raises over $900M at $6.3B valuation
XPeng's robotics unit raised more than $900 million at a $6.3 billion valuation in its first funding round, described as the largest single private financing in China's embodied AI sector. IDG led the round with participation from Tencent and Alibaba.
Detected & updated continuously · Source: Nebula
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Xpeng $XPEV just said its robotics unit raised more than $900M at a $6.3 Billion valuation in its first funding round “the largest single private financing in China’s embodied AI sector.”
@blckchaindaily
🚨 XPENG ROBOTICS BUSINESS RAISES OVER $900M AT $6.3B VALUATION, LARGEST SINGLE-ROUND RAISE IN CHINA'S EMBODIED AI INDUSTRY; IDG LED, WITH TENCENT AND ALIBABA - PRESS RELEASE