UBTech Robotics Raises $56 Million in Undisclosed Round - October 2024

Executive Summary

UBTech Robotics is a leading Chinese humanoid robotics company developing AI-powered humanoid robots for industrial, commercial, and consumer applications, including the Walker S industrial humanoid robot series.

Funding Amount: $56 Million

Valuation: Undisclosed

Round Type: Undisclosed Round

Announced: October 2024

Headquarters: Shenzhen, China

Category: Robotics - Humanoid Robots

About UBTech Robotics

UBTech Robotics was founded in 2012 and is headquartered in Shenzhen, China.

UBTech Robotics is a leading Chinese humanoid robotics company developing AI-powered humanoid robots for industrial, commercial, and consumer applications, including the Walker S industrial humanoid robot series.

Funding Round Details

Investment Amount

UBTech Robotics successfully raised $56 Million in this Undisclosed Round funding round.

Lead Investors & Participants

Infini Capital (Strategic Investor): Provided $1 billion boost to UBTech in broader funding initiatives

Undisclosed Investors (Consortium): Multiple investors participated in the October 2024 round

Use of Funds

Funding will support mass production of UBTech's Walker S Series industrial humanoid robots, with plans to deliver 500-1,000 units to customers including automakers, Apple supplier Foxconn, and logistics firm SF Express. Capital also supports expansion of consumer robotics and AI development.

Key Metrics & Achievements

• $812 million (RMB 5.7 billion) total funding raised
• First humanoid robot company listed on Hong Kong Stock Exchange
• Walker S Series: $41,000-$43,000 price point for industrial robots
• Planning 500-1,000 unit deliveries of Walker S in near term
• Customers include Foxconn, SF Express, and major automakers
• Consumer robot priced at ~$20,000 competing with Tesla Optimus
• Operating across industrial, commercial, education, and consumer segments

Business Model

UBTech generates revenue through multiple channels: (1) Industrial humanoid robot sales and leasing (Walker S Series), (2) Consumer humanoid robot sales for home automation, (3) Educational robots for STEM learning, and (4) Commercial service robots for retail and hospitality. The company is positioning for mass production and scale deployment.

Market Opportunity & Competition

UBTech competes globally with Figure AI, Tesla (Optimus), Boston Dynamics, Sanctuary AI, and 1X Technologies. In China, UBTech faces competition from startups like Unitree and Fourier Intelligence. UBTech differentiates through public market access (Hong Kong IPO), government support, lower pricing ($20K-$43K vs competitors' higher prices), and focus on near-term commercial deployment.

This fundraising report was announced on October 2024 and represents verified data from Crunchbase, Bloomberg, TechCrunch, The Robot Report, and official company announcements.