The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said. CEO He Xiaopeng announced in June that he would personally lead the robotics business.

XPENG robotics business raises over US$900 million at a post-money valuation of over US$6.3 billion, accelerating physical AI deployment

XPeng Robotics raised over $900M at a $6.3B valuation, backed by IDG Capital, Gaorong Ventures, Tencent, and Alibaba, to scale IRON humanoid