Chinese EV maker Xpeng Motors just locked in over $900 million for its robotics division, Dogotix. The Series A round was led by IDG Capital, with Gaorong Ventures also on board. Tech giants Alibaba and Tencent backed the deal as strategic partners, signaling some serious heavyweight support.

Deal Details and Investment Structure

The funding came through a fresh Dogotix share issue. After the round, Dogotix’s valuation shot past $6.3 billion, but Xpeng still holds a controlling stake in its robotics spin-off.

Where the Money’s Going

The new capital is earmarked to ramp up R&D for both hardware and software powering humanoid robots. Dogotix is also planning to boost physical AI training and beef up its smart manufacturing infrastructure.

Who’s in the Round

IDG Capital and Gaorong Ventures led the charge, with Alibaba and Tencent stepping in as strategic partners. The lineup highlights just how much China’s tech titans are betting on robotics and AI innovation.