China’s Contemporary Amperex Technology Co., Ltd. (CATL), the largest battery manufacturer globally, has made a significant move into the humanoid robotics sector by leading a funding round of RMB 1.1 billion (approximately $153 million) for Galbot, a startup based in Beijing. This investment has elevated Galbot to unicorn status, with its valuation surpassing $1 billion, as reported by financial media outlet Caixin. The funding round also saw participation from the growth investment arm of the China Development Bank, among other investors. This strategic investment reflects CATL's ambition to diversify its portfolio and capitalize on the growing demand for advanced robotics technology.
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Original from TechNode.com: CATL backs humanoid robotics startup Galbot in $153 million funding
CATL backs humanoid robotics startup Galbot in $153 million funding
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