The hundreds of millions of yuan Series A financing is finalized. "Xynova" defines a new height of dexterous operation with Flex2.

Recently, 「Xynova」, a domestic full - stack solution provider for general dexterous operation, officially completed hundreds of millions of yuan in Series A financing. This round was jointly led by Li Auto Strategic Investment, CSC Capital, and CSC Investment. Yangtze River Delta Digital Culture Group and Yuanjia Fund followed the investment. Old shareholders such as Caitong Capital, Xiaomi Strategic Investment, and CETC Fund continued to over - invest, and Light Source Capital continued to serve as the exclusive financial advisor.

Decoding the Investor Camp: Joint Bets by Industrial, State - owned, and Financial Capitals

Since its establishment at the end of 2024, Xynova has raised nearly 1 billion yuan in cumulative financing, firmly ranking in the first echelon of the domestic dexterous hand track. It is one of the very few players with full - stack self - developed core technologies, whole - hand engineering capabilities, and large - scale delivery capabilities.

The composition of investors in this round continuously strengthens three clear industrial signals:

Firstly, leading OEMs and consumer electronics giants represented by Li Auto and Xiaomi strategically entered and continuously increased their investment, indicating that dexterous hands have become a key means for the implementation of embodied intelligence, directly determining the fine operation ability in industrial manufacturing and the practicality of household service robots.

Secondly, leading securities - firm - affiliated capitals represented by CSC led this round of investment, and the continuous investment by old shareholder Caitong Capital means that the dexterous hand track has crossed the early - stage risk phase and entered the allocation vision of mainstream financial institutions in the growth and mid - to - late stages in the traditional sense.

Thirdly, local state - owned industrial capitals such as Yangtze River Delta Digital Culture Group and Hangzhou Data Group continued to gather, showing that local governments are positioning dexterous hands as the core nodes of the industrial chain in advance and promoting cluster collaboration based on the regional manufacturing advantages.

The three types of capital moving in the same direction reflect the trend that capital is sinking from humanoid robot complete machine to core components. Dexterous hands are experiencing a qualitative inflection point from laboratory samples to key components of the industrial chain. Industrial capital, state - owned capital, and financial institutions are jointly betting on the "last mile" of localization and large - scale production.

Xynova positions itself as a full - stack capability provider for general dexterous operation. Using dexterous hands as the hardware carrier, arm - hand coordination as the execution architecture, and cerebellum motion control algorithm as the intelligent center, it constructs a complete closed - loop of "perception - control - decision - making", providing a hardware - software integrated operation base for robot bodies, algorithms, and scenarios.

Composite Team: Forward Design from the Bottom - layer Components

Mr. Xia Yuxuan, the founder and CEO of Xynova, holds dual degrees in physics and computer science from world - class international universities. He has worked in several top - tier investment institutions, accumulating rich capital operation and industrial experience in the fields of hard technology and robotics. At the same time, he has also assembled a composite team covering the entire chain of motor, electronic control, mechanical structure, joint module, dexterous hand, production and manufacturing, and supply chain. The core members come from several leading technology and manufacturing enterprises and have gathered R & D talents from top domestic and international universities. The team has more than two decades of technical accumulation in high - performance motor systems and mechatronics, successfully migrating the motor control, precision transmission, and dexterous operation capabilities to the field of embodied intelligence.

This team structure determines that Xynova does not "purchase components for integration" but conducts forward design from the bottom - layer core components to the whole - hand system: According to the dexterous operation algorithm and real - world scenario requirements, it infers the hand structure, and then infers the indicators and arrangements of micro - electric cylinders, motors, lead screws, reducers, and sensors. For a highly coupled product like a dexterous hand, leading in single - point parameters is not enough to ensure usability. Continuous iteration, stable manufacturing, and batch delivery are the real industrial thresholds.

Flex2: Moving from Hardware Parameter Competition to Intelligent Closed - loop Control

On May 13, 2026, Xynova launched the world's first bionic dexterous hand Xynova Flex 2 with a hybrid drive of "tendon rope + direct motor drive" online. This is not just an upgrade of a product but also marks that the dexterous hand industry is bidding farewell to the hardware parameter competition of "piling up degrees of freedom and competing for load" and shifting to the competition of closed - loop system capabilities centered on "perception - control - decision - making".

The progress of Flex2 can be summarized into three industrial - level breakthroughs:

1. Convergence of technical routes: The industry has long had to choose between tendon ropes (compliant but slow in response) and direct drive (rigid but rough in force control). The hybrid drive architecture of Flex2 combines the two, retaining the lightweight (only 400g), high degrees of freedom (23, including 19 active and 4 passive), and safety compliance brought by tendon rope drive, and improving the instantaneous output capacity and dynamic response speed through direct motor drive. The recent patent direction of Tesla's dexterous hand also echoes Flex 2 in key concepts such as "rear - mounted drive, integrated arm - hand, and tendon rope transmission", further verifying the ultimate value of the lightweight, high - degree - of - freedom, and compliant operation route.

2. From "hand" to "intelligent hand": Flex2 integrates multi - modal sensing such as vision, touch, force, and proximity. The wrist camera, fingertip touch, and palm proximity sense provide real - time feedback, and the built - in control algorithm can form instinctive reactions such as contact reflection, anti - slip reflection, and compliant grasping. The repeated positioning accuracy is ≤±0.1mm, the force control accuracy is 0.05N, the maximum fingertip force is 20N, and the grasping and lifting load is 20kg. Behind these data, the dexterous hand has been upgraded from an "actuator" to an "intelligent end" with environmental adaptability.

3. Mass - production replicability: The dexterous hand industry is not short of laboratory prototypes but lacks the ability to stably deliver thousands of "usable hands". Flex2 has achieved a 1 - million - cycle opening and closing life, supports operation in a wide temperature range, and has locked in mass - production capabilities through full - chain self - research and self - production, including core components such as 8mm brushless hollow - cup motors, 7mm planetary roller screws, and micro - electric cylinders. The company's new 5400 - square - meter factory will ramp up production by the end of June 2026 and form an annual production capacity of 10,000 dexterous hands and 200,000 micro - electric cylinders by the end of the year, officially entering the large - scale delivery window.

For the industry, the iteration of Flex2 marks that dexterous hands have met the conditions to step out of the laboratory and enter real - world labor scenarios. It no longer focuses on single - point parameter involution but achieves a system balance among lightweight, compliance, explosive power, accuracy, perception, and reliability, providing a "plug - and - play, stable and reliable" general end - platform for robot body manufacturers.

Industry Consensus: Dexterous Hands - The Key Variable in the Commercialization of Embodied Intelligence

On May 18, 2026, at the "Meet in Hangzhou - Dialogue with the Future" Investment Promotion Conference and High - quality Development Conference for Innovation and Entrepreneurship Investment, eight emerging technology companies were collectively presented and named the "New Eight Steeds of Hangzhou". These eight companies are distributed in eight most hardcore - style tracks: Xynova (dexterous hands), Sunrise (inference GPU), Rokid (smart glasses and AR), Diwei 2 (space computing power), Jinglianwen Technology (AI data infrastructure), Weinakexin (in - memory computing AI chips), Bibost (intelligent vehicle chassis), and Enhe Technology (synthetic biology). They are either breaking through "choke - point" technologies or defining new industrial paths. Different from the "Six Little Dragons", the "New Eight Steeds" present three distinct characteristics of more vertical, more fundamental, and more hardcore. From the "Six Little Dragons" to the "New Eight Steeds", the innovation and entrepreneurship echelon in Hangzhou is showing a strong momentum of iterative upgrading. The "New Eight Steeds" are targeting the next - generation industrial foundation rather than the prosperity of the application layer.

It is not accidental that Xynova is among them. As the only company in the "Eight Steeds" focusing on the dexterous hand track, Xynova not only solves the "last mile" operation problem of robots - the dexterous hand that enables robots to truly grasp and work, but also, with its full - stack self - developed core technologies, becomes one of the very few domestic robot core component solution providers with the ability of independent R & D and manufacturing in the entire chain of "motor + electronic control + reducer + lead screw + algorithm".

Not long before the release of the "New Eight Steeds", Xynova was also awarded the title of "2026 Zhejiang Future Unicorn Enterprise", and its technical strength in full - stack self - research and self - production in the field of embodied intelligence has been authoritatively recognized. The multiple rounds of investment from industrial capital, state - owned platforms, and leading financial institutions have given Xynova not only capital but also strategic recognition of its core position in the industrial chain.

The capital market is quickly reaching a consensus. According to the "Embodied Intelligence Development Report (2025)" jointly released by the China Academy of Information and Communications Technology and the Department of Electronic Engineering of Tsinghua University, the total financing in the field of embodied intelligence and robotics in China in 2025 reached 73.543 billion yuan, with 744 investment and financing events throughout the year. Among them, there were more than 20 financing events in the dexterous hand track, with a cumulative financing amount of more than 3 billion yuan. Capital is no longer just concerned about "who can make a hand" but about who can simultaneously succeed in technical routes, product iteration, mass - production delivery, and customer acquisition. From a global perspective, Tesla Optimus, Figure, Google, NVIDIA, etc. are all promoting robots from being "able to move" to being "able to work". Dexterous hands are the last link connecting intelligent decision - making and physical - world labor.

Compared with simple grippers, high - degree - of - freedom dexterous hands need to simultaneously solve the complex balance among degrees of freedom, load, compliance, fine force control, multi - modal perception, durability, and cost. Whoever can first turn it into a platform - level product that can make decisions, be mass - produced, be delivered, and be continuously iterated will have the opportunity to occupy the core position in the future robot industrial chain.

Future Vision: Building a General Dexterous Operation Ecosystem

It is not difficult to see that Xynova has long been committed to reshaping the industrial role of dexterous hands - making them no longer expensive and scarce precision equipment in the laboratory but a reliable, mass - producible, integrable, and continuously evolving embodied intelligence base. With the continuous evolution of the Flex series, the company will enable robots to truly meet the diverse needs of the real world: from "able to reach" to "able to operate", from single actions to complex tasks.

ICRA 2026: The Global Debut of Flex2

From June 1 to 5, 2026, IEEE ICRA (International Conference on Robotics and Automation), the most influential top - level academic conference in the field of global robotics and automation, will be held in Vienna, Austria. As the flagship conference of the IEEE Robotics and Automation Society, ICRA has been held in multiple cities around the world since 1984 and has always been a gathering place for cutting - edge achievements in the field of robotics.

Xynova will also make the first offline debut of Flex2 in front of the global robotics academic and industrial circles, standing on the same stage as the world's top robotics forces and showing the world the dexterous operation solutions from China.

Li Auto Strategic Investment said: "Embodied intelligence is moving from technical verification to real - world scenario applications. As a key component for robots to achieve fine operations, dexterous hands are a core part of industrial implementation. Xynova has outstanding systematic capabilities in high - degree - of - freedom dexterous hands, micro - actuators, hybrid drive architectures, and whole - hand engineering. Its product iteration and mass - production delivery are at the forefront of the industry. Li Auto is optimistic about the founder team and looks forward to becoming a partner of Xynova. In the future, the two sides will jointly promote embodied intelligence from 'able to move and recognize' to 'able to operate stably and truly work' around product verification, scenario requirements, and industrial chain collaboration."

CSC said: "We have long been concerned about investment opportunities in the field of embodied intelligence and robot core components. The development of the humanoid robot industry is moving from 'able to move' to 'able to work'. As a key component for robots to complete fine operations in the real world, dexterous hands are an important terminal for the output of AI capabilities in the physical world. Xynova has chosen a high - degree - of - freedom, integrated arm - hand, rope - driven solution with high technical difficulty and strong system integration. Through full - stack self - research and self - built production lines in core aspects such as motors, electronic controls, lead screws, reducers, and algorithms, it has built a hardware - software integration barrier. The founding team of the company has scarce accumulation in the fields of motors, electronic controls, and engineering. We are optimistic about its key position in the embodied intelligence industrial chain and long - term growth potential and look forward to the company continuously releasing value in the future industrialization and capitalization processes."

Lou Yang, a partner of Light Source Capital, said: "Congratulations to Xynova on completing three rounds of financing within half a year! We are firmly optimistic about Xynova's technical path and product definition ability. In the core track of embodied intelligence - dexterous hands, the company's full - stack self - developed strength and ultimate engineering ability not only reflect the technical barrier but also represent an accurate prediction of the industrial end - game. In this round of financing, Light Source can continue to empower with both 'capital speed' and 'industrial depth' because of our long - term confidence in this scarce target. From the introduction of top - tier industrial capital to the connection of the upstream and downstream ecosystems, we are fully promoting Xynova from the technical high - ground to the industrial depth. In the future, Light Source will continue to be the company's most solid 'industrial companion', using capital to help it make the key leap from product verification to large - scale implementation and define the standard of dexterous hands in the era of embodied intelligence."

Quan Bo, the vice - president of Light Source Capital, said: "Congratulations to Xynova on completing a new round of financing. In the field of dexterous hands, Xynova shows the leadership quality of defining the next - generation products. We especially admire the company's technical belief of adhering to the 'first - principles' and 'starting from the end'. When the industry was generally hesitant, it was the first to complete systematic verification around the lightweight, high - degree - of - freedom, and compliance advantages of the 'integrated arm - hand + tendon - rope drive' solution and continuously iterate the hybrid drive technology of 'tendon rope + direct drive' to explore the optimal solution that combines dexterity, response speed, and engineering feasibility. With its highly forward - looking architecture design, the company has solved the world - class problem of high degrees of freedom and high dynamic response, representing the world