XPeng’s robotics division raises over $900M in a partial carve-out, valuing the unit above $6.3B post-money.
XPeng (XPEV) has raised more than $900M in a financing round for its robotics unit, which was partially carved out from the company. The deal values the unit at over $6.3B post-money, positioning it at the top of the unlisted humanoid robot sector.
The funding round highlights XPeng’s push into robotics amid broader market interest in automation and AI-driven technologies. The $6.3B valuation surpasses many private competitors in the humanoid robot space, reflecting investor confidence in the unit’s growth potential.
Shares of XPeng slid in pre-market trading despite the raise, as investors weighed the robotics unit’s valuation against the company’s core electric vehicle business performance.