The humanoid robot unicorn Galaxy GM completed a new round of financing of 300 million US dollars, with a valuation of 3 billion US dollars

The Zhitong Finance App learned that on December 19, the domestic humanoid robot unicorn Galaxy GM announced that it had recently completed a new round of financing of over 300 million US dollars (about 2.34 billion HKD), and the company's valuation had reached 3 billion US dollars (about HK$23.4 billion).

This round of financing was led by the China Mobile Chain Leader Fund, and major investment platforms and industry giants such as CICC Capital, Chinese Academy of Sciences Fund, Soviet Venture Capital, CCTV Finance Media Fund, and Tianqi Co., Ltd. were jointly invested, and increased investment was simultaneously received from international investment institutions and original shareholders from Singapore and the Middle East.

Galaxy GM said that after the financing is completed, the company will continue to increase investment in core technology, accelerate large-scale implementation and iteration of solutions in various fields, deepen industrial collaboration with strategic investors, and actively expand the global cooperation network to promote the true transformation of physical intelligence technology into new quality productivity that drives industrial progress.

On December 9, there were reports that Galaxy GM is preparing to go public in Hong Kong. It is expected to be submitted in the first quarter of next year, possibly in January as soon as possible. In response, Galaxy GM has responded that the listing in Hong Kong, filing in the first quarter, and filing in January are untrue. The stock reform was due to subsequent financing needs and introduced new investors in the primary market.

According to reports, Galaxy GM is one of the star humanoid robot companies in China. The company is developing intelligent multi-modal large-model general-purpose robots. In terms of commercialization, Galaxy GM's Galbot robot has been used in the field of smart retail. A number of unmanned stores have been deployed in Beijing to automate the entire process of product inventory, replenishment, delivery, and packaging; it has also cooperated with Meituan to implement smart pharmacies. Galaxy GM has also established a joint venture with Boyuan Capital, a subsidiary of the Bosch Group, which will focus on industrial manufacturing scenarios and jointly promote commercial application exploration and global market launch of artificial intelligent robots.