Leju Robot, a Chinese company developing humanoid robots, has completed a major pre-IPO funding round of 1.5 billion yuan (approximately $207 million) to fuel its mass production plans and prepare for a public listing.
According to a report from the financial news agency Cailianshe, the substantial round was led by Beijing-based Greenwoods Asset Management.
The investment was secured directly by the Leju Robot entity rather than its parent company Suzhou Lean Technology, indicating a corporate restructuring ahead of its anticipated market debut.
The capital will be directed toward the mass production and technological advancement of Leju’s flagship humanoid robot, the “Kuavo”.
As detailed by the tech outlet 36Kr, the funds are earmarked for scaling manufacturing and expanding the robot’s applications in industrial and service sectors.
This round marks a significant step up from the company’s previous fundraising and solidifies its position in the competitive global race to develop viable humanoid robots.
Sina Finance reported that the successful financing is a clear precursor to an initial public offering (IPO), with the company likely targeting a listing on Shanghai’s STAR Market.
The investment from a major firm like Greenwoods signals strong confidence in Leju Robot’s technology and the broader potential of China’s humanoid robotics industry.
