Meituan backs general robot startup Galaxy Bot in US$14m fundraiser

Humanoid robotics has become a tech darling in China of late, with dozens of startups setting up shop and releasing their prototypes.

Galaxy Bot (银河机器人), a general-purpose robot startup, has closed an angel+ round of financing for some 100 million yuan (US$14 million), with China’s food delivery giant Meituan backing the deal, Chinese media reported today.

Dazhong Dianping, a subsidiary of Meituan, led the round as a strategic investor, with participation by Peking University Yanyuan Capital, Tsinghua University SEE Fund and IDG.

This angel+ round came hot on the heels of the previous angel round that took place exactly a month ago.

cnrobopedia reported in late October that the Beijing-based startup completed an angel round of financing for an undisclosed amount of money.

Back then, the firm roped in Lanchi Ventures, SourceCode Capital, Matrix China Partners, iFlytek and SenseTime as its angel investors.

Humanoid robotics has become a tech darling in China of late, with dozens of startups setting up shop and releasing their prototypes.

According to Galaxy Bot, it is working on dual-armed and wheeled robots and plans to introduce the first-generation bionic robot in 2024.

The contraption, when available, will be deployed to retail scenarios like pharmacies, supermarket and shopping malls, the company said.

It added mass production is scheduled to get underway in 2026, following an improvement in the robots’ performance.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

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