China's robotics start-ups emerge as new venture-capital darlings
robotics market is witnessing an investment boom, as
start-ups in the field obtain increased
venture- capital funding, raising the sector's potential to become as important as the country's
electric-vehicle (EV) industry.
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In the first two months of the year, nearly 2 billion yuan (US$276 million) in new funding went to
humanoid robot developers across 20 deals, up from 1.2 billion yuan generated from 4 transactions a year earlier, according to data from ITJuzi, which tracks China's venture-capital market.
That development reflects China's position as a leading player in building humanoid robots; the domestic industry predicted to be
on the cusp of achieving mass production and commercialisation in 2025.
China is also home to 45 per cent of the world's integrators, which are firms that customise robots to match end-user needs, according to the report.
A Chinese-made humanoid robot interacts with visitors at a booth during this week's 2025 MWC Barcelona trade show in Spain. Photo: Xinhua
At least three Chinese robotics start-ups on Thursday announced new financing, including LimX Dynamics, AI2Robotics and Eyoubot.
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