Over $300 million raised and a valuation exceeding $3 billion! "Peking University-affiliated" humanoid robot company Galaxy Universal sets a new single-round financing record for embodied intelligence.

Over $300 million raised and a valuation exceeding $3 billion! "Peking University-affiliated" humanoid robot company Galaxy Universal sets a new single-round financing record for embodied intelligence.

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Galaxy General announced the completion of a new financing round exceeding $300 million, setting a new record for single-round funding in the embodied intelligence sector.

According to information released on the 19th, this round was led by China Mobile Chain Fund, with joint investments from CICC Capital, CAS Fund, SVC, CCTV Integrated Media Fund, Tianki Co., and other industrial capital and investment platforms. Additionally, the deal attracted international investment institutions from Singapore and the Middle East, as well as increased investment from existing shareholders. Following the financing, Galaxy General's valuation has reached $3 billion (approximately RMB 21.13 billion).

This deal highlights the sustained commitment of capital markets to the embodied intelligence track. As a startup affiliated with Peking University, Galaxy General has tripled its valuation in just half a year. After the previous round, its external valuation was about $1 billion. With the new capital injection, its cumulative fundraising has reached approximately $800 million. The company stated that the funds will primarily be used for continued investment in core technology, accelerating the scaled rollout and iteration of solutions across various sectors, and expanding its global partnership network.

This financing comes at a critical window as Chinese humanoid robot firms accelerate their entry into the capital market. According to reports, Galaxy General completed its shareholding reform on November 28 and is currently preparing for a Hong Kong IPO, possibly submitting its application to the HKEX as early as the first quarter of next year, with a target valuation between $3 billion and $4 billion.

"National Team" and Industrial Capital Heavy Investment

The investor structure of this round showcases a clear "national team" and industrial chain synergy. The capital injection led by the China Mobile Chain Fund is viewed by the market as industrial capital's endorsement of Galaxy General's technological approach and scaling capabilities. The investor list includes heavyweight platforms such as CICC, CAS, CCTV Integrated Media, and listed companies like Tianki Co.

In addition, CATL's lead investment in June made Galaxy General the only embodied intelligence large model company to receive investment from the battery giant. The company stated that these strategic investors will empower Galaxy General's industrial development across all scenarios, accelerating its deployments in industrial, commercial, and domestic contexts. Meanwhile, the entry of Singaporean and Middle Eastern funds is seen as a signal of the company's global expansion ambitions.

Betting on End-to-End Large Models, Commercial Deployment and Thousands of Orders

In terms of technical approach, Galaxy General employs the paradigm of using simulated synthetic action datasets for pre-training and real data for post-training. The company claims to have achieved full-stack in-house development from "tens-of-billions-scale datasets" to "embodied large models," and then to "robot bodies."

In January 2025, the company launched its end-to-end grasping foundational large model GraspVLA, pre-trained on billions of simulated synthetic action data, aiming for zero-shot generalization capabilities. Subsequently, the company released GroceryVLA for retail, the navigation large model NavFoM, and the dexterous hand neural dynamics model DexNDM. According to the company, at the recent World Humanoid Robot Sports Competition, its Galbot robot team operated fully autonomously without remote control and won the championship.

Galaxy General also disclosed substantive progress in industrial manufacturing and commercial service sectors. In industrial manufacturing, the company has established partnerships with CATL, Bosch Group, Toyota Motor, Hyundai Korea, BAIC Group, SAIC Group, Zeekr Auto, Great Wall Motor, and others. The company states that it has accumulated orders totaling several thousand units, achieving genuine autonomous humanoid robot deployment in factories.

In commercial service and instant retail, the company introduced the "Galaxy Space Capsule" solution, already deployed in business districts like Beijing’s Summer Palace and Wangfujing. Furthermore, at the end of 2024, the company and IBO Medical jointly launched a 24-hour smart medical store, achieving routine operations in nearly ten stores in Beijing. In healthcare and elder care, the company is working with institutions such as Xuanwu Hospital to promote robot applications in ward assistance and pharmacy management.

Valuation Tripled in Six Months, Planning for Hong Kong IPO

Before completing this financing round, Galaxy General had been active in the capital market. On June 23 this year, the company completed a new funding round of RMB 1.1 billion led by CATL, and in June and November announced angel and strategic rounds respectively. The current $3 billion valuation means that, on paper, it has surpassed rivals like ZY Robots and Unitree Robotics in the same sector.

Regarding IPO speculation, Galaxy General officially responded that the shareholding reform was to meet subsequent normal financing needs and to attract new primary market investors. However, industry trends show that leading startups are collectively accelerating their securitization process. Since the beginning of this year, five companies, including Unitree Robotics, Leju Robotics, DEEP Robotics, ZY Robots, have completed shareholding reforms. Among them, Unitree Robotics completed IPO advisory in November and is now in the formal filing phase.

Analysts point out that startups are rushing to advance IPO processes partly due to sustainable challenges in industry business models and the continuous influx of new players, prompting companies to seek support from public capital markets to sustain the high costs of R&D and operations.

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