EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale.
The company is only three years old. It raised $200m in a Series B in April that pushed its valuation above 10 billion yuan ($1.5bn), in a round led by a fund tied to Henan Investment Group and the electronics supplier Luxshare Precision Industry.
Who EngineAI is
EngineAI was founded in 2023 by a team drawn from top universities, led by chief executive Zhao Tongyang. It builds general-purpose humanoid robots around what it calls “embodied AI”, machines meant to perceive their surroundings and act on them.
It went viral last year with a video of its PM01 robot performing a front flip. The wider product line runs from the entry-level SA01 to the T800, a heavier-duty machine built for demanding work.
