Deep Robotics Advances Toward IPO on Shanghai’s Star Market
Deep Robotics has recently concluded its initial public offering (IPO) preparation phase for a potential listing on Shanghai’s Star Market, with plans to submit its prospectus in the near future. This development was confirmed through regulatory filings made by China Securities with the Zhejiang branch of the China Securities Regulatory Commission on April 16.
IPO Preparation and Regulatory Review
The company’s IPO readiness process spanned a single stage, commencing on December 23 of the previous year and concluding on April 16. During this period, regulatory feedback primarily focused on the formalization of labor contracts and the establishment of a robust internal control framework, ensuring compliance with market standards.
Position Within Hangzhou’s Emerging Robotics Leaders
Deep Robotics joins the ranks of Hangzhou’s prominent “six little dragons” – a group of innovative robotics firms making significant strides toward public listings. Notably, Manycore Technology successfully debuted on the Hong Kong Stock Exchange on April 16, marking the first IPO among this cohort. Additionally, Unitree Robotics received approval for its Star Market IPO application on March 20, while BrainCo is reported to have confidentially submitted its prospectus to the Hong Kong Stock Exchange.
Company Overview: Pioneering Embodied Intelligence
Established in 2017, Deep Robotics specializes in embodied intelligence, a branch of artificial intelligence focused on creating systems capable of interacting with and learning from their physical surroundings. Recognized as a national high-tech enterprise, the company excels in research, development, manufacturing, sales, and after-sales services for quadruped robots, humanoid robots, and essential robotic components.
Deep Robotics has developed a comprehensive technology stack that integrates perception, decision-making, and execution capabilities. Its innovations have been applied across diverse and emerging industrial scenarios, demonstrating versatility and practical impact.
Innovative Product Applications and Market Reach
The company’s flagship Jueying quadruped robot series is acclaimed as the world’s first to perform fully autonomous inspections of electrical substations. This system boasts an impressive recognition accuracy rate of 96.5% and is operational in over 100 substations managed by major utilities such as the State Grid Corporation of China and China Southern Power Grid.
Beyond power infrastructure, Deep Robotics’ solutions are deployed in critical areas including emergency firefighting, security patrols, and industrial maintenance operations. Its products have a global footprint, serving more than 50 countries and regions and being utilized in upwards of 1,200 distinct industrial environments. In 2025, the company secured the top global market share for industrial quadruped robot applications.
Strategic Vision and Industry Collaboration
Zhu Qiuguo, founder and CEO of Deep Robotics, has highlighted the company’s commitment to developing standardized, integrated robotic solutions. By leveraging open platforms and interoperable technical interfaces, Deep Robotics aims to collaborate with industry partners to create specialized vertical applications. This approach is designed to simplify adoption, lower integration costs, and accelerate deployment for industrial clients.
Scaling Production and Global Expansion
Transitioning from a focus on research and development, Deep Robotics is investing in scalable mass production capabilities. The company is constructing flexible, automated manufacturing lines to support its international growth ambitions. Collaborations with global partners are underway to adapt and introduce solutions proven in China’s complex industrial settings to overseas markets.
Through these efforts, Deep Robotics aspires to play a pivotal role in reshaping the global industrial value chain and to reinforce China’s leadership position in the emerging field of embodied intelligence.
