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XPENG IRON humanoid robot secures record $900M Series A funding

XPENG's robotics unit raises over $900 million in Series A funding at a $6.3 billion valuation, a record for China's embodied AI industry.

XPENG's robotics unit has raised over $900 million in Series A funding at a $6.3 billion valuation, a record for China's embodied AI industry. The funding will accelerate mass production of the IRON humanoid robot, slated for late 2026, with deliveries beginning in 2027.

Chinese automaker XPENG has raised over 900million∗∗inthefirstfundingroundforitsroboticsbusiness,achievingapost−moneyvaluationofover∗∗900 million** in the first funding round for its robotics business, achieving a post-money valuation of over **6.3 billion [reference:0]. The round, led by IDG Capital with participation from Gaorong Ventures and strategic backing from Tencent and Alibaba, sets a new record for single-round private equity financing in China's embodied AI industry [reference:1][reference:2].

IRON humanoid robot heads to production

The funding will accelerate the commercialization of XPENG's IRON humanoid robot. IRON is expected to enter mass production by the end of 2026, with initial deployment at XPENG stores and campuses before deliveries begin in China and overseas in 2027 [reference:3][reference:4]. XPENG has aimed to reach a monthly output of 1,000 units of the IRON robot by the end of the year [reference:5].

Physical AI ambitions

The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, and collect high-quality data [reference:6]. The record funding round underscores the growing investor appetite for physical AI and humanoid robotics, as companies race to bring general-purpose robots to market.