Chinese humanoid robot developer Agibot has completed a new round of strategic financing, drawing investment from South Korea’s LG Electronics and Mirae Asset, according to reports by Reuters and Yicai Global.
This investment signifies LG Electronics’ inaugural venture into the emerging “embodied intelligence” sector—a field that is rapidly gaining traction. Encompassing humanoid robots and AI systems designed to physically interact with the real world, this market is set to reshape various industries, from logistics to elder care.
Moreover, this funding round also represents the first global investment under the Mirae Asset-LG Electronics New Growth Fund, which aims to focus on groundbreaking technologies. Although Agibot has not disclosed specific details regarding the amount raised or its valuation, the implications of this strategic partnership are significant.
Since its inception, Agibot has distinguished itself as a key player in China’s humanoid robotics arena, quickly gaining high-profile recognition. Earlier this year, the company’s advancements were showcased to Chinese President Xi Jinping during his visit to Shanghai, which not only highlights the company’s prominence but also aligns with China’s national agenda to enhance intelligent manufacturing capabilities.
The recent funding round follows a history of backing, as Agibot has successfully completed at least ten previous financing rounds. This robust support comes from a consortium of prominent Chinese investors, including giants like Tencent, BYD, JD.com, SAIC Motor, BAIC Group, and TCL. Such an eclectic mix of backers reflects the confidence the market has in Agibot’s potential to push the boundaries of humanoid robot commercialization for both industrial and service applications.
While Agibot has not specified how it intends to allocate the recently raised capital, the strategic involvement of companies like LG Electronics suggests ambitions that may expand beyond the Chinese landscape. The partnership could open doors for Agibot to access new markets and technologies that leverage LG’s expertise in robotics and automation.
LG’s entry into the world of embodied AI reflects a growing trend among electronics and consumer technology firms, as more are exploring the long-term growth opportunities that stem from robotics and automation. This indicates an evolution in how such companies envision their future in an increasingly automated world.
Though specific technical details about Agibot’s robots remain under wraps in this announcement, the company is well-known for its development of bipedal humanoid robots. These robots are engineered to navigate complex environments and perform a variety of tasks, which positions them as versatile players in an expanding market.
The absence of disclosed financial figures leaves some questions lingering in the air, yet the caliber of investors—particularly LG Electronics and Mirae Asset—hints at a growing confidence in Agibot’s strategic roadmap and its commercial viability. As both Reuters and Yicai Global mentioned, Agibot confirmed the investment and the parties involved, but a formal press release has yet to appear on the company’s website or public channels, leaving enthusiasts and investors alike eagerly awaiting further news.