April 10, 2026 — The embodied intelligence sector has witnessed an unprecedented B-round financing surge since early 2026, with major companies raising over 1 billion RMB to accelerate commercialization.
Major B-Round Deals (Jan-Mar 2026):
| Company | Funding | Lead Investors |
|---|---|---|
| Lingxin Hand | 1.5B RMB | Strategic Investors |
| Sunyan Power | ~1B RMB | CATL's Chidao Capital |
| Zhiling Dimension | >1B RMB | Baidu, CRRC Capital |
| Xinghaitu | ~1B RMB | Multiple A-Share Cos |
| Zhujitech | $200M (2B RMB) | UAE + Industrial Partners |
Investment Trends:
- Industrial Capital Dominates: CATL, JD.com, SAIC, BAIC, Meituan leading investments
- State Capital Active: Beijing Guosheng, Chengdu Science City积极参与
- Valuation Benchmark: 1 billion RMB now the "starting price" for top-tier B-round
- Commercial Focus: VLA model training, computing clusters, data platforms
Strategic Significance: "The B-round marks the critical transition from early exploration to large-scale expansion," noted a analyst from Gaishi Automotive Research Institute. "When leading companies achieve preliminary closed-loop of large models + hardware + scenario applications, capital heavily bets."
