Credit: Galbot Official Website
China’s CATL, world’s largest battery maker, has extended their drive into humanoid robots by leading a RMB 1,1 billion ($153 million), funding round for Beijing-based Galbot. This makes it a unicorn, with a valuation over $1 billion. Financial media outlet Caixin reported. According to a Monday announcement, other investors included the growth investing arm of China Development Bank and Beijing Robotics Industry Fund. Granite Asia, rebranded as the Asian arm of GGV, was also a participant. Galbot stated in a release that CATL’s backing would create synergies in the deployment of the embodied artificial-intelligence model in the industrial sector. She did not provide any further details. The company said earlier that its wheeled mobile robots with two arms and a wheel-foot structure were performing physical tasks in the local factories of Mercedes-Benz, and Geely’s EV affiliate Zeekr.[TechNodeReporting
