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According to media reports, Unitree Technology has completed the capital increase subscription of its Series C financing, marking the successful conclusion of the financing activities since last September. This round of financing was jointly led by well-known investment institutions such as the fund under China Mobile, Tencent, Alibaba, Ant Group, Geely Capital, and most of the old shareholders also actively participated in the follow-up investment.
This news has drawn significant attention from the market. According to the latest information, the pre-money valuation of Unitree Technology has currently exceeded 10 billion RMB. Some investors believe that this valuation is still conservative.
Image source note: Image generated by AI, image authorization service provider Midjourney
Since its establishment in 2016, Unitree Technology has completed 9 rounds of financing. At the time of the previous round of financing, the company's valuation was 8 billion RMB. However, in the past six months, Unitree Technology has performed impressively, becoming one of the most watched companies in the human-shaped robotics field. With the completion of this round of financing, the industry is speculating whether Unitree Technology will choose to go public in the future. According to communication between the company and its partners, Unitree Technology has changed its name from Hangzhou Unitree Technology Co., Ltd. to Hangzhou Unitree Technology Corporation Limited. Industry insiders believe that this may be a signal that the company is preparing for an IPO.
In exchanges with the Hong Kong Special Administrative Region government, Wang Xingxing, founder of Unitree Technology, mentioned that the company has business in Hong Kong and is discussing potential future cooperation opportunities with multiple partners. Although Wang Xingxing expressed that going public in Hong Kong is "possible but uncertain," he remains confident about the company's future development.
