XPeng Motors humanoid robot unit Dogotix raises $900M
XPeng’s Dogotix unit is developing the IRON humanoid robot. Source: XPeng Like other global automakers, XPeng Motors is branching into humanoid robots. The electric vehicle manufacturer today said that its Dogotix robotics unit has raised more than $900 million in its initial funding round, bringing its pre-money valuation to $5 billion and post-transaction valuation to more than $6.3 billion. XPeng said it plans to use the investment to further develop hardware and software, collect data,
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XPeng Motors, an electric vehicle manufacturer, raised more than $900 million for its Dogotix robotics unit, which is developing the IRON humanoid robot. The company plans to use the funding to develop hardware and software, train physical AI models, and build manufacturing facilities, with plans to produce 1,000 IRON humanoids monthly by the end of 2026 and begin commercial deliveries in 2027. This funding reflects broader investment trends in humanoid robotics, as other automakers including Hyundai, Tesla, and BMW Group are also investing in humanoid development, and investors have given humanoid robotics companies more than $8.7 billion in venture capital so far this year, with two-thirds going to Chinese companies.
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