Financing over 300 million USD, valuation exceeding 3 billion USD! The "Peking University system" humanoid robot company Galaxy General sets a new record for single-round financing in embodied intelligence

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

According to information released on the 19th, this round of financing was led by China Mobile Chain Long Fund, with joint investments from CICC Capital, the Chinese Academy of Sciences Fund, Soochow Venture Capital, CCTV Media Fund, Tianqi Co., Ltd., and other industrial capital and investment platforms. In addition, the transaction also attracted additional investments from international investment institutions in Singapore and the Middle East, as well as from existing shareholders. After the financing is completed, Galaxy General's valuation has reached $3 billion (approximately 21.13 billion RMB).

This transaction highlights the continued betting of the capital market on the embodied intelligence track. As a startup affiliated with Peking University, Galaxy General's valuation has tripled in just six months. After the previous round of financing, its external valuation was approximately $1 billion. With the injection of new funds, its cumulative financing amount has reached approximately $800 million. The company stated that the funds will primarily be used for ongoing investment in core technologies, accelerating the large-scale implementation and iteration of solutions across various fields, and expanding the global cooperation network.

This financing comes at a critical window for Chinese humanoid robot companies to 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 listing in Hong Kong, with the earliest possible application to the Hong Kong Stock Exchange in the first quarter of next year, targeting a valuation between $3 billion and $4 billion.

"National Team" and Industrial Capital's Heavy Investment

The structure of this round of investors shows a clear characteristic of "national team" and industrial chain synergy. The investment led by China Mobile Chain Long Fund is interpreted by the market as an endorsement of Galaxy General's technological path and scalability by industrial capital. The list of investors includes heavyweight platforms such as CICC, the Chinese Academy of Sciences, and CCTV Media, as well as listed companies like Tianqi Co., Ltd.

In addition, CATL's leading investment in June this year made Galaxy General the only embodied intelligence large model company currently receiving investment from this power battery giant. The company stated that these strategic investors will provide full-scenario empowerment for Galaxy General's industrial development, accelerating its layout in industrial, commercial, and household scenarios. Meanwhile, the entry of funds from Singapore and the Middle East is also seen as a signal for the company to expand into global markets.

Betting on End-to-End Large Models, Commercialization, and Thousands of Units Orders

In terms of technology, Galaxy General adopts a paradigm of pre-training with simulated synthetic action datasets and post-training with real data. The company claims to have achieved full-stack self-research from "hundred billion datasets" to "embodied large models," and then to "robot bodies."

In January 2025, the company launched the end-to-end grasping foundational large model GraspVLA, pre-trained on a billion-level synthetic action dataset, aiming to achieve zero-shot generalization capability. Subsequently, the company successively 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 Robotics Competition, its Galbot robot team achieved fully autonomous operation and won the championship without remote operation Galaxy General also disclosed substantial progress in the fields of industrial manufacturing and commercial services. In the industrial manufacturing sector, the company has established partnerships with enterprises such as CATL, Bosch Group, Toyota, Hyundai Motor, BAIC Group, SAIC Group, ZEEKR, and Great Wall Motors. The company stated that its cumulative order volume has reached thousands of units, and it has achieved real autonomous operation of humanoid robots in factories.

In the commercial services and instant retail sector, the company launched the "Galaxy Space Capsule" solution, which has been implemented in business districts such as the Summer Palace and Wangfujing in Beijing. Additionally, by the end of 2024, the company plans to launch 24-hour smart medical stores in collaboration with Aibo Medical, with nearly ten stores in the Beijing area achieving normalized operations. In the medical and health care sector, the company is also collaborating with medical institutions such as Xuanwu Hospital to promote the application of robots in scenarios such as ward assistance and pharmacy management.

Valuation Triples in Six Months, Plans to IPO in Hong Kong

Before completing this round of financing, Galaxy General has been active in the capital market. The company completed a new round of financing of 1.1 billion yuan led by CATL on June 23 this year, and announced angel round and strategic round financing in June and November, respectively. The current valuation of 3 billion USD has surpassed competitors in the same field, such as Zhiyuan Robotics and Yushu Technology, in terms of paper value.

In response to rumors of an IPO, Galaxy General officially stated that the share reform is aimed at meeting subsequent normal financing needs and introducing new primary market investors. However, industry trends indicate that leading startups are collectively accelerating the process of securitization. Since the beginning of this year, five companies, including Yushu Technology, Leju Robotics, Yundongchu, and Zhiyuan Robotics, have completed share reforms. Among them, Yushu Technology completed IPO counseling in November and entered the formal application stage.

Analysts point out that the rush of startups to advance their IPO processes is partly due to the sustainability challenges of industry business models and the continuous influx of new players, prompting companies to seek funding support from public capital markets to maintain high R&D and operational costs.

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