Three companies raised a total of 3.8 billion yuan in financing on the same day, and embodied intelligence is off to a running start this year.
The afterglow of the Spring Festival Gala in the Year of the Horse has not yet faded, but the embodied intelligence track has taken the lead in setting off a wave of capital.
On March 2nd, two robot companies that appeared on the Spring Festival Gala stage successively disclosed their financing progress. Songyan Dynamics announced the completion of a nearly 1 billion yuan Series B financing, and Galaxy General announced the completion of a new round of financing worth 2.5 billion yuan. In addition, UniX AI also announced the completion of a new round of equity financing of nearly 300 million yuan.
The three companies announced their financings on the same day, with a total amount approaching 3.8 billion yuan, becoming another landmark event in the financing boom at the beginning of the year in the domestic embodied intelligence track.
Data from IT Juzi shows that since the beginning of 2026, a total of 88 financing events have been publicly disclosed in the field of embodied intelligence in China, with a total financing amount exceeding 20 billion yuan, which is equivalent to an average of about 1.4 financing events per day in the industry. In the two months since the beginning of the year, the financing in the track has shown a "rapid growth" trend.
The largest single financing in embodied intelligence is finalized
On March 2nd, Galaxy General announced the completion of a new round of financing worth 2.5 billion yuan, which once again refreshed the record for a single - round financing in domestic embodied intelligence.
The investors include the National Artificial Intelligence Industry Fund (the third phase of the National Big Fund), Sinopec, CITIC Group Investment Holdings, Bank of China, SAIC Group Financial Holdings, SMIC Juyuan, Yizhuang State - owned Investment, Future Industry Investment, Kunpeng Fund, Wuxi Venture Capital, Fujian Industrial Investment, etc. Many old shareholders continued to increase their investments.
Among them, the participation of the "national team" is one of the focuses of external attention. The National Big Fund made its first investment in an embodied intelligence enterprise, and super state - owned enterprises such as Sinopec and Bank of China also entered the game simultaneously.
According to Tianyancha, before this round of financing, Galaxy General had completed a total of five rounds of financing, including the seed round, angel round, Series A, Series B, and Series B+.
The previous round of financing took place on December 19th, 2025, more than two months ago. Galaxy General announced the completion of a financing of over 300 million US dollars (about 2.1 billion yuan), led by China Mobile Chain - leader Fund, with joint investments from CICC Capital, Chinese Academy of Sciences Fund, CCTV Media Convergence Fund, etc. At that time, this financing refreshed the record for a single - round financing in Chinese embodied intelligence, and Galaxy General became the domestic embodied intelligence company with the highest valuation at over 3 billion US dollars.
Galaxy General said that after this round of financing, the company's cumulative financing amount ranks first in the field of embodied intelligence in China, further consolidating its leading position as the unlisted enterprise with the highest valuation in the field of humanoid robots.
It is understood that Galaxy General has built a robot service ecosystem covering multiple fields such as retail, industry, medical care, and culture and tourism by virtue of its independently developed embodied large - model system and humanoid robot body, and has become one of the enterprises with the strongest implementation capabilities in the field of embodied intelligence.
In the industrial field, the industrial heavy - load robot Galbot S1 launched by Galaxy General has a maximum load of 50 kilograms for its double arms and can operate continuously and stably under complex working conditions such as dust, vibration, and temperature differences. It has currently established in - depth cooperation with customers such as CATL, Bosch, Toyota, BAIC Group, and SAIC Group, with a cumulative order of thousands of units.
On the same day, Songyan Dynamics, another popular company in the embodied intelligence industry, also announced the completion of a nearly 1 billion yuan Series B financing, led by Chendao Capital, an industrial investment platform affiliated with CATL, and followed by well - known institutions such as Guoke Investment, Jingguosheng Fund, and Jiuhe Venture Capital. Currently, Songyan Dynamics has completed a total of 9 rounds of financing.
On the product side, Songyan Dynamics has formed a humanoid robot matrix covering diverse needs, including the N series, E series, and "Xiaobumi". Among them, "Xiaobumi" is positioned by the company as "the first high - performance humanoid robot priced at 10,000 yuan".
In addition, UniX AI, a general embodied intelligent robot company, also announced the completion of a new round of equity financing of nearly 300 million yuan recently. Zhongjin Huirong, Hongshan Capital, Guangzhou Industrial Investment, and Xienuo Investment participated in this round of financing, and old shareholders Wuzhong Financial Holdings and Yonghua Investment continued to over - invest.
The just - past Spring Festival Gala in the Year of the Horse became an "amplifier" for the rising popularity of the embodied intelligence industry. In the Spring Festival Gala program, Galaxy General's robots independently completed tasks such as playing with walnuts, picking up glass fragments, taking items from the shelf, folding clothes, and making grilled sausages beside Shen Teng and Ma Li. According to official sources, these operations were all independently completed through real - time decision - making by the Galaxy Star Brain, not pre - set programs. The products N2, E1, Xiaobumi, and the bionic humanoid robot under Songyan Dynamics "performed" on stage with actress Cai Ming and demonstrated high - dynamic actions such as running, backflips, and side - handsprings.
"After the Spring Festival Gala, the search volume and add - to - cart volume of the robots we sell on the e - commerce platform have significantly increased. Within 24 hours after the Spring Festival Gala was broadcast, from the front - end perspective, the add - to - cart volume exceeded 300 units," Zhao Yuli, the Chief Strategy Officer of Galaxy General Robot, told Times Finance. Since the start of work, they have clearly felt that the market's enthusiasm for discussing robots is higher than last year, and the demands of B - end customers are more focused and specific. "Some new business opportunities will come to us on their own initiative, and some customers who had contact with us before have also actively contacted us again after the Spring Festival to inquire about the robots' 'working' ability in a specific scenario."
In addition, Galaxy General's layout in the retail scenario has also attracted the attention of capital. Currently, more than 100 "Galaxy Space Capsule" convenience stores have been established in more than 20 cities across the country, realizing the world's first large - scale autonomous operation of hundreds of robots. "The company plans to accelerate its expansion in 2026, establish more space capsules in more city landmarks and well - known scenic spots. After completing the strategic plan of 'ten cities, one hundred stores', it will move towards the goal of 'one hundred cities, one thousand stores'," Zhao Yuli said.
The "Spring Festival Gala effect" has also spread to Songyan Dynamics. "After the Spring Festival Gala, the brand awareness of Songyan Dynamics has indeed significantly increased. The most intuitive feeling is that the consultation volume has increased significantly," a relevant person in charge of Songyan Dynamics told Times Finance.
The wave of financing at the beginning of the year
The three companies' announcements of financing on the same day are just a microcosm of the capital boom in the embodied intelligence track at the beginning of 2026.
According to IT Juzi data, among the 88 financing events publicly disclosed in the field of embodied intelligence in China since the beginning of 2026, 9 have a financing amount of over 1 billion yuan, involving 80 enterprises. Among them, there are Zhipingfang with a Series B financing of over 1 billion yuan, Xinghaitu with a nearly 1 billion yuan Series B financing, Zhujidongli with a 200 million yuan Series B financing, and Zibianliang Robot, which completed a 1 - billion - yuan Series A++ financing and then obtained hundreds of millions of yuan in new financing.
An obvious trend is that the embodied intelligence track has witnessed a concentrated explosion of financing around the Spring Festival. Especially after the humanoid robots appeared on the Spring Festival Gala, capital has highly concentrated on leading enterprises.
Times Finance noticed that under this wave of financing, the valuations of many enterprises in the embodied intelligence track have exceeded 10 billion yuan. Zhipingfang, Xinghaitu, Lingxinqiaoshou, Qianxun Intelligence, Shenji Technology, along with Yushu Technology, Zhiyuan Robot, and Galaxy General, which have previously entered the unicorn list, there are at least 8 enterprises with a valuation of over 10 billion yuan in the domestic embodied intelligence track.
However, the support of capital is only an "accelerator" for enterprises' competition, and the real competition goes far beyond that. An industry insider told Times Finance that for humanoid robot enterprises, the future market competition will become increasingly fierce, mainly focusing on three dimensions: the ability to integrate the industrial chain, the ability to implement scenarios, and the level of cost control.
"2026 will be a crucial stage for robots to enter large - scale commercial applications. Robot enterprises must accurately solve users' actual pain points instead of creating false demands," Zheng Suibing, the founder and CEO of Ruierman Intelligent Technology, an enterprise in the system - level infrastructure platform for embodied intelligence, told Times Finance. "Currently, the industry competition standard has changed from'showing off skills' to 'doing actual work', from 'upper - limit capabilities' to 'lower - limit capabilities'. In the long run, the industry will eventually move towards an '80 - 20 differentiation', and resources will accelerate to concentrate on leading enterprises. For many start - up companies, they need to find a differentiated survival niche."
At present, the robot performance at the 2026 Spring Festival Gala has pushed the public's expectations to a new height and also attracted unprecedented capital attention. However, it is worth pondering that there seems to be an obvious "gap" between the industry's valuation level and the current actual shipment scale.
"The current 'gap' phenomenon precisely depicts the crucial stage the industry is in: on one hand, there is great enthusiasm based on future imagination under the spotlight; on the other hand, there is a real answer sheet about delivery and value that must be faced in the workshop. From the 'performance stage' to the 'battlefield', a fundamental change in the evaluation system has occurred. Applause belongs to wonderful performances, but orders only belong to the ability to solve actual problems," Zheng Suibing said.
A research report from Huajin Securities analyzed that the Spring Festival Gala bringing robot work to the stage marks that robots have officially entered the stage of mass production and actual implementation scenarios from performance and scientific research, accelerating the commercialization process. The Spring Festival Gala has made humanoid robots break through the circle again. What really determines the industry's direction in the future is the actual implementation sites, such as shopping malls, factories, and office buildings. When robots start to undertake actual work, the evaluation system also changes accordingly. Parameters and actions are no longer the only criteria, and the ability to operate continuously, deployment efficiency, and calculable output have begun to become core indicators.
Compared with the current enthusiasm in the primary market, the secondary market has shown a relatively calm performance. According to Wind data, the Robot Index (884126) did not rise sharply as expected on the first trading day after the Spring Festival (February 24th), but instead showed a trend of opening high and closing low. As of the close on March 2nd, the index reported a decline of 2.61%, with a cumulative decline of 1.52% since February 24th.
This article is from the WeChat official account “Times Finance APP” (ID: tf - app), written by Pang Yu and Zhang Zhao, and is published by 36Kr with authorization.