Galbot, the Beijing-based embodied-AI startup whose robots performed live at the 2026 Spring Festival Gala in February, completed a 2.5 billion yuan financing round — approximately $350 million — on Monday, according to the company's official WeChat account. The round was led by China's national AI industry investment fund, with China Petroleum & Chemical Corp (Sinopec) and CITIC Investment Holdings as co-investors.
The presence of a central-government fund alongside an energy state-owned enterprise and a financial conglomerate reflects Beijing's stated 15th Five-Year Plan priority of moving humanoid robots from demonstration to industrial deployment. Analysts cited by Global Times described the cluster of recent billion-yuan robotics deals as evidence the sector is transitioning from technical validation to commercial scale.
Galbot did not disclose a post-money valuation. The round is one of the largest single embodied-AI fundraises in China this year, alongside LimX Dynamics' $200 million pre-IPO close announced earlier this week.