MEKAWIRE
News

Wire

Every funding round, launch and paper, as it's reported.

12 stories
15 days ago
FundingCN

Direct Drive Tech and Camsense raise HK$1.76 billion in back-to-back Hong Kong listings, putting the parts inside cheap robots on the market

Direct Drive Tech, which makes direct-drive motor modules for household and wheel-legged robots, raised HK$1,080.0 million when it listed in Hong Kong on 29 September 2026. Robot-vacuum sensor supplier Camsense followed on 30 September with HK$682.0 million after retail investors oversubscribed its public tranche 3,546.91 times. Both companies depend on five customers for more than 80% of sales, their filings show.

28 days ago
FundingCN

D-Robotics raises US$400 million to sell its Sunrise chips as the compute layer for China's robot makers

D-Robotics, the robot-chip business Horizon Robotics stopped consolidating in March, said on 17 September 2026 it had closed a US$400 million Series C without naming a single investor or a valuation. The company says it has shipped more than 8 million Sunrise chips and that its newest S600 part won more than 20 robot customers within six months, including UBTECH, Fourier and Booster Robotics.

Sep 9, 2026
FundingCN

Service robot maker Excelland lists in Hong Kong at the bottom of its range as institutions leave the book short

Excelland Robotics (Wuxi), ranked third in China's commercial service robot market, began trading in Hong Kong on 9 September 2026 after pricing 45 million H shares at HK$14.45, the bottom of its range, for gross proceeds of HK$650.2 million. Retail investors subscribed 140.02 times while the international tranche was covered only 0.99 times, and the prospectus shows a 2025 loss of RMB110.8 million on revenue of RMB317.7 million.

Sep 1, 2026
FundingCN

Mech-Mind raises HK$2.35 billion at the top of its range as Hong Kong retail demand for the 3D vision supplier hits 3,835 times

Mech-Mind Robotics Technologies priced its Hong Kong listing at HK$101.70 per H share, the top of its HK$95.30 to HK$101.70 range, raising gross proceeds of HK$2,353.4 million before any over-allotment, according to its allotment results announcement. The Hong Kong public tranche was subscribed 3,835.36 times and the international tranche 13.39 times, and dealings in stock code 09615 were set to begin at 9:00 a.m. on September 1, 2026.

Jul 9, 2026
FundingCN

Rokae lists in Hong Kong at HK$38 and raises about HK$1.01 billion including the over-allotment after retail investors cover its offer 156 times

Rokae (Shandong) Robotics Group began trading on the Hong Kong Stock Exchange Main Board under code 3752 on 9 July 2026 after selling 23,031,900 H shares at a fixed HK$38.00, for gross proceeds of HK$875.2 million. The Hong Kong public tranche was subscribed 156.58 times and the international tranche 11.96 times, and a full over-allotment exercise on 5 August took the total raised to about HK$1,006.5 million.

Mar 20, 2026
FundingCN

Unitree files for Shanghai STAR Market IPO seeking RMB4.2 billion as 2025 revenue jumps 335%

The Shanghai Stock Exchange accepted Unitree Robotics' application to list on the STAR Market on March 20, 2026, with the Hangzhou company seeking RMB4.202 billion. Its prospectus shows reviewed 2025 revenue of RMB1,708.21 million, up 335.36%, and more than 5,500 humanoids shipped in 2025, with humanoids overtaking quadrupeds as its largest product line.

Mar 5, 2026
FundingCN

Robot Era raises CNY1 billion from Samsung, Singtel and others, pushing its valuation past CNY10 billion

Tsinghua spin-out Robot Era closed a CNY1 billion strategic round two months after its previous financing, with Samsung, Singtel and a Woori Financial Group investment arm among new backers. The Beijing humanoid maker reports more than CNY500 million in cumulative orders, half from overseas, and sold close to 1,000 dexterous hands in 2025.

Mar 2, 2026
FundingCN

Galbot raises RMB 2.5 billion as China's Big Fund makes its first embodied AI bet at a RMB 20 billion valuation

Beijing humanoid robot maker Galbot announced on 2 March 2026 that it had closed a RMB 2.5 billion round, which Haidian district officials called the largest single financing in China's embodied AI sector. The state Big Fund invested in embodied AI for the first time through the National Artificial Intelligence Industry Investment Fund, alongside Sinopec, CITIC and SAIC's finance arm, and the Zhongguancun Science City administration put Galbot's valuation at RMB 20 billion.

Feb 2, 2026
FundingCN

LimX Dynamics raises $200 million Series B as JD and SAIC-backed capital bet on its robot operating system

Shenzhen-based LimX Dynamics said on 2 February 2026 it had closed a US$200 million Series B with investors including Stone Venture, JD, Oriental Fortune Capital, CoStone Capital and SAIC-backed Shangqi Capital. The round came three weeks after the launch of LimX COSA, the agentic operating system that runs its full-size humanoid Oli, and the company added a second US$200 million pre-IPO round 162 days later.

Dec 30, 2025
FundingCN

SwitchBot maker OneRobotics raises HK$1.64 billion in Hong Kong IPO as retail demand hits 254 times

OneRobotics, the Shenzhen company behind the SwitchBot smart home robots, began trading in Hong Kong on December 30, 2025 after pricing its H shares at HK$73.80 and raising gross proceeds of HK$1,640.01 million. The retail tranche was 254.50 times subscribed. The company sells most of its products in Japan and turned profitable only in the first half of 2025.

Nov 25, 2025
FundingCN

UBTech raises HK$3.1 billion for supply-chain deals a week after its Walker S2 humanoid enters mass delivery

UBTech Robotics agreed on 25 November 2025 to place 31.468 million new H shares at HK$98.80, raising about HK$3.11 billion, and earmarked 75% of the net proceeds for investing in or acquiring upstream and downstream companies. Eight days earlier the Shenzhen company said its Walker S2 industrial humanoid had entered mass production and delivery, with orders since the start of 2025 above RMB800 million.

Jun 24, 2025
FundingCN

Galbot raises RMB 1.1 billion in a round led by CATL and Puquan Capital, lifting two-year funding above RMB 2.4 billion

Beijing embodied AI start-up Galbot completed a RMB 1.1 billion financing in June 2025 led by battery maker CATL and Puquan Capital, with China Development Bank's CDB Science and Technology Innovation, the Beijing Robotics Industry Fund and GGV Capital also investing, according to the Zhongguancun Science City administration. The deal took the company's funding over two years past RMB 2.4 billion and gave its synthetic data approach to robot learning a strategic industrial backer.