Agibot, a prominent Chinese robotics company, secures JD.com as an investor, joining Tencent in the lineup of major tech financiers.
Shanghai-Based Robotics Startup AgiBot Secures Significant Investment
A new shareholder for AgiBot, a Shanghai-based robotics startup, has been revealed as the Shanghai Embodied Intelligence Venture Fund, established last month with backing from the Shanghai government.
According to a post by Shanghai State-owned Capital Investment, which owns the Shanghai Embodied Intelligence Venture Fund, AgiBot has set a record in total funding among its Chinese peers.
Following the investment, each new shareholder acquired a 0.75 percent stake in AgiBot, pushing the startup's registered capital to 82.6 million yuan (approximately US$11 million).
While it remains unclear whether AgiBot has initiated a new funding round, JD.com, Tencent Holdings, and Huawei Technologies have not been identified as shareholders in the startup. Neither JD nor AgiBot have responded to requests for comment, and attempts to reach the Shanghai Embodied Intelligence Venture Fund were unsuccessful.
AgiBot is known for its focus on transforming manufacturing through AI-powered robots, making it one of China's leading humanoid startups in the field. However, further details about the company's shareholders would require consultation of official financial reports or statements from AgiBot itself.
The Shanghai Embodied Intelligence Venture Fund, a new shareholder of AgiBot, has invested significantly, boosting the startup's registered capital to around US$11 million through technology investing. AgiBot, focusing on AI-powered robots for manufacturing transformations, has attracted the attention of financial entities, demonstrating the interconnection of technology and finance.
