Exclusive data from the Humanoid Robotics Academy shows that the investment direction in the humanoid robot sector is shifting in July 2026. In that month, there were 54 financing events in the robotics and related fields, among which 18 were in "humanoid robots and embodied intelligence," accounting for 38.3%. This exceeds the sum of core components (13) and medical robots (6), making it still the most concentrated track for capital.
However, a closer look at the flow of funds reveals that projects relying solely on the "humanoid" concept can no longer secure funding. Capital is shifting towards three directions: the embodied intelligence brain, the physical body with clear application scenarios, and core components.
PART 01 Brain Direction: Angel Rounds Frequently Reaching Hundreds of Millions
Observations from the Humanoid Robotics Academy reveal that the most obvious change in July is early-stage projects securing large-scale funding. Among the 18 humanoid-related financing events, early-stage projects account for more than half, and the single transaction amount continues to hit new highs.
Guangxiang Technology (Beijing) secured hundreds of millions of yuan in its angel round for industrial embodied intelligence; Moqi Intelligence (Guangdong) secured hundreds of millions of yuan in its angel round, with investments from Alibaba, Tencent, Lanchi Ventures, and Legend Capital; Corona Robot (Beijing) secured hundreds of millions of yuan in its seed round to develop foundational models for the physical world; and Yuanhao Power (Beijing) secured hundreds of millions of yuan in its seed round to develop 4D world models.
Securing hundreds of millions in angel rounds indicates a shift in capital focus: from "whether it can walk bipedally" and "how many degrees of freedom it has" to "whether it possesses a generalizable physical world model." Internet giants are entering the fray at the angel stage, treating the "embodied brain" as a direction on par with large language models. During the same period, Yimu Technology raised 1 billion yuan in its Series E round, and Galbot raised 1 billion yuan in its Series B round, with core tags being "world model" and "embodied intelligence."
PART 02 Robot Body Direction: No Funding Without Scenarios
The financing logic for robot body companies has changed. Robot body enterprises that secured funding in July are all tied to clear application scenarios. Galbot (Beijing) raised 1 billion yuan in its Series B round, led by Chengtong Fund and followed by multiple state-owned capital funds. Although it builds a general-purpose platform, it emphasizes adaptation to industrial scenarios. Its Galbot L7 full-size humanoid robot has deeply cooperated with SF Express, implementing sorting operations in over a dozen SF Express logistics transit centers nationwide.
Lexiang Technology (Jiangsu) raised 500 million yuan in its Pre-A round, led by Ant Group and followed by Geely Capital and 37 Interactive Entertainment, targeting consumer and entertainment scenarios; Weilai Buyuan Robot (Shanghai) raised 1 billion yuan in its Pre-A round, explicitly positioning itself as a dual-arm home service robot; and Yuequan Bionics (Beijing) raised hundreds of millions of yuan in its Pre-A+ round, targeting industrial automation, inspection, housekeeping, medical care, and special applications in parallel.
Investors are also changing: state-owned capital and industrial capital have become the main force, while pure financial VCs have decreased. This is directly related to policy—in June 2026, the Ministry of Industry and Information Technology (MIIT) and the State-owned Assets Supervision and Administration Commission (SASAC) launched a special project for real-scene practical training, requiring the deployment of 10,000 units by the end of the year. Capital is now asking: Can it enter factories? Can it enter homes? Are there orders?
PART 03 Component Direction: Supply Chain Enterprises Reap the Dividends
Upstream supply chain financing is equally active. In July, multiple component enterprises secured funding: Xynova (Zhejiang) raised 500 million yuan in its A+ round for core components; Qianjue Robot (Shanghai) raised 100 million yuan in its A round for multimodal tactile perception; Quanzhibo (Jiangsu) raised tens of millions of yuan in its A+ round for robot joints; Shanhuo Robot (Zhejiang) raised tens of millions of yuan in its angel round for core transmission components; and Shiyue Technology (Zhejiang) raised tens of millions of yuan in its angel round for dexterous manipulation solutions.
These enterprises do not manufacture whole machines; they produce joint modules, six-axis force sensors, dexterous hands, and tactile skin. Data shows that from July 2025 to June 2026, the average single financing amount in the core components sector exceeded that of whole machine enterprises.
The capital logic is very direct: regardless of which robot body manufacturer ultimately succeeds, upstream components must be procured, and the higher the localization rate, the better. This explains why "core components" have become the second hottest track with 13 financing events, accounting for 27.7%.
PART 04 Regional Landscape: Beijing, Guangdong, and Shanghai Account for 70%, Reshuffling Imminent
From a regional perspective, Shanghai (14 events, 29.2%), Guangdong (13 events, 27.1%), and Beijing (8 events, 16.7%) account for over 70% of the total. Beijing has concentrated model-based companies, such as Guangxiang Technology, Corona Robot, and Yuanhao Power; Guangdong relies on its supply chain and is active in whole machines and sensors; Shanghai has its characteristics in home service robots and precision components.
Meanwhile, the industry is beginning to differentiate. Leading companies like Galbot and Yimu Technology have secured billion-yuan-level funding, while a large number of homogeneous companies face financing difficulties. In the July data, companies founded between 2024 and 2026 account for more than half, with the industry's average age being less than 2 years, yet valuations are all benchmarked against mass production in 2028.
Attached is the complete detailed list of July financing:
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