The company was founded in March 2020 by its founder and CEO Li Zhengqiang, the founder and chief executive officer. The core team covers direct drive motors, servo drives, motion controls and wheeled integrated circuits. It is based on non-reducer direct drive technology, forming a matrix of products such as M series direct drive modules, wheeled foot robots, covering applications such as household service robots, AGV/AMR, four-legged robots. Last year, the direct drive modules of the company shipped about 8.51 million units, giving cumulative power to over 7.5 million robots.
On September 22, Magnet announced that it intends to acquire a minority shareholder interest in Magnet Welding Technology Limited, a Shenzhen-based holding company with $664 million in equity capital. After the transaction, the company's shareholding in Shenzhen Welding will increase from 53.70% to 100%.
Deep welding is not an external acquisition, but the internal welding business of Magnet. In 2011, Magnet acquired the operating team of the American Emerson Group, the world's top 500 companies, and integrated it into the welding technology business, officially entering the field of industrial arc welding.
Joyous Technology arrives at the port on September 30
The first day's market value topped HK$20 billion
On September 30, the company was listed on the Hong Kong Stock Exchange, with global sales totalling about 682 million HK$, sales of 58.85 HK$/share, and a first-day market value of over 20 billion HK$. The IPO raised about 65% of its net proceeds for core technology and sensor product research and development, about 25% for manufacturing capacity improvement, and the remainder for operating funds and general corporate use.
Founded in 2014, Joy Technology focuses on providing high-precision AI space positioning, robot perception software, self-developed SLAM/space perception algorithms and sub-millimeter space data processing ASICs, products covering triangular distance measurement/DTOF/3D TOF laser radar, linear laser sensors, VR/AR unit 6DoF tracking systems and industrial/medical high-precision positioning systems for scanning robots, service robots, VR/AR, industrial measurement and surgical navigation, and other scenarios.
Giant S.A. completes a billion-dollar round of financing
On September 29, Ningbo Dynamics Intelligent Driven Technologies Limited (TMD) announced the completion of a billion-dollar B round of financing. This round of financing was financed by the Huawei Purple Holding, Dynamics Motors, No. 9 private equity, auto-variable follow-up, and new equity investments from Nanking City Innovation Investment Group, Kvos.Founded in 2019, Magento Intelligent is a component developer specializing in the production of pulse reducers, and has built a R&D and manufacturing base of approximately 20,000 square meters. Its core products include pulse reducers, micro-low-pressure drivers, integrated encoders, power sensor components, and series of cosmetic pulse joints modules, which have been used in humanoid robots, collaborative robots, drones, industrial intelligence manufacturing, security emergencies, medical and scientific education, etc.
Microtech to market Tencent through port exchange
On 30 September, it announced that it intends to go public through Tencent and will be listed on the Port of Hong Kong Stock Exchange. It expects to raise a net of no less than HK$1 billion, of which about 70% will be devoted to the advantages of software hardware and robotics-specific AI SoC technology, focusing on physical intelligence and advanced perceptual execution, 10% will be devoted to customer collaboration and innovation, 10% to strategic investments and mergers, and the remaining 10% to operating funds.
Microtech was founded in 2014 to focus on smart mobile robotics technology platforms, and its core products include fully self-developed robot-specific SLAM SoCs, guided/single-mode/multi-mode solutions and sensors, algorithms, SDKs and tool chains, product applications covering environmental perception, location mapping, planning decision-making and mobile control.
Tech has completed a multi-billion-dollar pre-A++ round of financing
On September 28, Weiwei Technology (Beijing) Ltd. (hereinafter referred to as Weiwei Technology Co., Ltd.) announced the completion of the multi-billion-dollar Pre-A++ round of financing, jointly acquired by Beijing City AI Industry Investment Fund, Beijing City New Materials Industry Investment Fund, which will be used for research and development of underlying core technologies, the construction and process transformation of automated production lines, and the refinement of smart data collection tools and consumer-grade terminal supply chains.
The company was founded on January 6, 2020, focusing on stretchable multi-mode flexible electronic skin with physical touch sensing system, self-developed elasticity integrated electronic feed system, standard products integrated 400 sensing units per square centimeter, has formed Tachin Hand agile hand touch, TachinBody robotic full body touch, TachinGlove touch number glove three product matrix, which are used in scenarios such as smart, smart seat, smart wear and medical health, and shipped to dozens of customers overseas.
AMD acquired WorldLabs for $55 billion
On September 29, AMD announced the acquisition of World Labs, a space-intelligence company, in a stock transaction valued at approximately $8.2 billion (approximately RMB5.50.26 billion). Following the transaction, World Labs founder Li Feifei will join AMD as executive vice president and chief scientist, reporting to Chairman and CEO Suzhou Tokugawa.
World Labs was founded in 2024 jointly by Li Feifei and others, focusing on space intelligence and world models, core technologies for robotic training, autonomous driving, and video game scenarios that rely on text, images, and video inputs to generate interactive 3D simulation environments. World Labs released the multi-modal world model Atlas in September this year, supporting text/image/video/3D unified modeling with new perspective predictions, and supplementing the acquisition of SceniX robot simulation capabilities.
Suzhou Tech completed over 1 billion yuan financing
On September 30, Shanghai Suzhou Technology Limited (abbreviated as Suzhou Technology Co., Ltd.) announced the completion of a new round of over 1 billion yuan financing, led by state-owned investors, state-owned joint ventures with state-owned Taipei Holdings, industry and long-term capital participation in industries such as Dawei Long-Term, East Wind Assets, State Open Finance, Langma Peak, Qualcomm and other major shareholders.
Founded in 2025 and co-founded by Suzhou, a professor at the University of Suzhou, Suzhou University, the core team covers 3D vision, world models, simulation platforms and robotics engineering. Full-scale self-development around models, data, simulation, native and control systems, leading the real2Sim2Real and zero-sample generalization route. This year, Suzhou Technology released the Sudo R1 full-scale robotics system, supporting manual operation, flexible body processing, precision assembly, mobile crawling and multi-machine collaboration.
Blue Beetle completed tens of millions of yuan angel round of financing
On September 29, Xi'an Blue Beetle Body Smart Technology Limited (abbreviated as Xi'an Blue Beetle Body) announced the completion of the tens of millions of yuan angel round of financing, which was acquired by Xi'an Neo Gold Control Group's West Geo through a long-term fund.
Established in March 2025, Blue Beetle Corp. is a core technology self-developed intelligent robot company. Its self-developed Blue Beetle Robot architecture, quantum beetle remote control, crawler hole crawler model, crawler beehive crawler cloud platform, forming a crawler crawler crawler remote control model cloud platform.
Previous PostPre-A round of financing of nearly BILLION USD completed
On September 28, Shenzhen Technology Ltd. (hereinafter referred to as Shenzhen Technology Co., Ltd.) announced the completion of its nearly billion-dollar Pre-A round of financing, jointly funded by Shenzhen, Shenzhen, Guangzhou, and Hong Kong. The round of funding will be used to tap into data sign training, research and development, verification, product line transformation, business expansion, and more.In 2024, the core team from Qingdao, Stanford, Port-au-Prince, and Google, Tencent, Shanghai, etc. has positioned the company's intelligent data infrastructure, not following the robot's own path, developed its own SynaData video-to-body data pipeline, rebuilt its human operations through video enhancement, human-to-person interaction, and cross-core mapping, transforming human operations into motion trajectories, object positions and contact information, forming the Syna-Ego, Syna-Exo, Syna-R trio of products that have now served more than one billion smart unicorns valued at $1 billion.
In the depths of the cloud, the renewal of the IPO book is once again hurriedOn September 28, Hangzhou Cloud Deep Technology Shares Limited (hereinafter referred to as "Hangzhou Cloud Deep") updated its initial public offering book with plans to raise USD 25.03 billion to invest in the development of physical algorithms and models, the development of robotic properties and solutions, the industrialization of physical intelligent robots and the construction of bases.
Founded in 2017, Cloud Deep is a hardware and technology company specializing in intelligent robots, with core products including quadrupeds, quadrupeds, DR-series humanoids and J-series joint modules, focusing on high-dynamic movement, fully autonomous patrol and complex topographic operations. It has partnered with National Power Network, Southern Power Network, Singapore Energy Group, Baby Steel and others, covering more than 50 countries and regions around the world, with operations covering power patrol, emergency firefighting, pipeline tunnels, industrial operations, security, police education and research and development, and other scenarios. In the first half of 2026, the company achieved $259 million in operating revenues, with a net profit of $880.63 million.
Obi-Wan Keno applies for a listingOn 24 September, the official website of the Hong Kong Exchange revealed that Aoi China Lighting Technology Group Shares Limited (abbreviated: Aoi China Lighting) has submitted an application to list H shares.
As of June 30, 2026, there are more than 1,000 robotic enterprises in Obi-Wan Kenobi's services.Faraday's future plans to separate the robotics sector
On September 29, Faraday Futures announced that its robotics business would be valued at $200 million and be listed separately in NASDAQ-listed AIxC. Following the transaction, Faraday Futures would become the single largest controlling shareholder in AIxC, and AIxC would be restructured into a purely physical intelligent robot company.
According to the plan, Faraday's future robotics business is expected to achieve a one-quarter operating cash flow conversion in the third quarter of 2028, with EAI's targeted five-year cumulative net sales of more than 130,000 robots.
Kool-Aid Sensors Strategic Investments in Pure and IntelligentOn September 30, Koli Sensors announced the completion of tens of millions of yuan of strategic investments in Shenzhen Intelligent. This round of funding will be used to deepen technical collaboration with industry in the field of embodied intelligent robots, focus on advancing general embodied brain, non-embodied data collection, robotic embodied and sensor enclosure research and development, and to provide industrial support for the large-scale production and landing of embodied robots in scenarios such as hotels and homes.
Established in 2024, ShenPong Intelligent, an AI native general-purpose intelligent system server, self-developed Omni-Simple-World unified base with HiFi-UMI high reliability wireless data pipeline, launched the ShenPong Simbot service robot, and has become the first fully-fledged robot hotel POC in the industry, with facilities in Beijing's Lido View, for delivery, inspection, room assistance and basic cleaning.
Nokia has completed its 100 million angel++ round of financing
Jindong Fund leads and targets household scenarios
On September 29, Shenzhen-None Intelligent Limited (hereinafter referred to as Shenzhen-None Intelligent Limited) announced the completion of the hundreds of millions of yuan angel++ round of financing, led by Jingdong-related funds, Core Valley Capital, Nanshan Warsaw Investments and Washington Investments, the funds will be used for GLOW-generated large-scale model training, KNOWIN-X1 mass production preparation and talent introduction. Since its inception, None Intelligent has completed five rounds of financing, totaling over 1 billion yuan.Founded in August 2025, Knowin Smart focuses on consumer-grade household smart, fully self-developed GLOW-sized model, KnowinBrain-1.5 scenario understanding model and fully folding two-armed wheeled robot KNOWIN-X1, with product plans to launch and promote mass production in the first quarter of 2027, aimed at household scenarios such as receivers, upholstery, washing machine operation, escorting, etc.
Focus on the development of bio-robots
Shenzhen completed a new round of angel+++++ financing
On September 29, Shanghai Shenzhen Star Nuclear Technology Limited (shortly referred to as Shenzhen Star Nuclear Power) completed a new round of financing ("Angel 5") from a consortium of industry investors, including its parent fund, its parent fund, its super-subsidiary fund, and its long-standing shareholder Dry Capital. This round of funding will be used for research and development of NovaCore's intent model, brain signals to enhance intent understanding and technical verification, as well as super-real-face robots, VLIA's end-to-end intelligent brains and AI-WM's intent world perception model.
Established in 2025, Shenzhen Core focuses on human-centered physical intelligence, self-developed VLIA (Visual-Language-Intent-Action) edge-body brains, AI-WM intent perception world model and NovaCore intent brain model, and supports Nova S1 super-simulated human-facial robot to achieve emotional interaction through low-delayed micro-facial/verbal control and multi-mode image analysis, product-facing aging companionship, commercial shops, IP entertainment and robotic brain licensing scenarios.
* Cover for AI mapping