Xpeng’s Dogotix to Raise $900 Million at $6 Billion-Plus Valuation as Alibaba, Tencent Back Robot Push
Updated
Updated · Bloomberg · Aug 24
Xpeng’s Dogotix to Raise $900 Million at $6 Billion-Plus Valuation as Alibaba, Tencent Back Robot Push
2 articles · Updated · Bloomberg · Aug 24
Summary
$900 million in planned funding will go to Xpeng’s Dogotix robot unit, with Alibaba and Tencent among the investors backing its humanoid-robot expansion.
Xpeng said Dogotix will raise $600 million from external investors, while Xpeng itself will add $200 million and top executives another $100 million.
The transaction values Dogotix at more than $6 billion after the deal, giving the carved-out unit dedicated capital for a business that is costly to scale.
The fundraising deepens Xpeng’s move beyond electric vehicles into robotics, while allowing the parent company to keep supporting the unit alongside outside backers.