Chinese Xpeng Robotics raises $100 million in fresh funding

Xpeng Robotics, an innovative robot-making startup based in China has raised $100 million in its Series A funding round led by IDG Capital.

• The capital will be poured into research and development for robotics hardware and software, hiring A-grade talents, and scaling its product development, the startup claims.
• Founded in 2016, Xpeng Robotics makes smart robots and it released an autonomous robot that interacts with humans last year.
• Xpeng Robotics is affiliated with Xpeng, the Chinese electric vehicle-making startup.
• The robot-making startup is yet to set a date to release its intelligent products for household use.