XPeng Robotics, the robotics arm of Chinese electric vehicle giant XPeng Inc., just closed its first major funding round at over $900 million. The post-money valuation lands north of $6.3 billion, making it one of the largest single raises in the humanoid robotics space to date.
IDG Capital and Gaorong Ventures co-led the round, with Tencent and Alibaba jumping in as strategic investors.
What XPeng is building
The capital is headed toward three pillars: artificial intelligence development, hardware engineering, and manufacturing scale-up. All of it feeds into XPeng’s flagship humanoid, the IRON robot, which debuted during the company’s AI Day in November 2025.
IRON stands about 1.72 meters tall and weighs 70 kilograms. The robot is built with a high number of degrees of freedom, meaning its joints and limbs can move in ways that approximate human motion rather than the stiff, clunky movements of earlier industrial robots.
