Unitree Robotics begins IPO prep, valued at $1.6 billion after Series C funding

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According to the China Securities Regulatory Commission (CSRC), Unitree Robotics has begun its IPO preparation process, with CITIC Securities serving as the advisor. As a major player in China’s quadruped and humanoid robot sector, Unitree recorded over one billion yuan ($137 million) in revenue in 2024. Last month, Unitree completed its Series C funding, jointly led by investors including China Mobile, Tencent, JinQiu Capital, Alibaba, Ant Group, and Geely Capital. Following this round, the company’s post-investment valuation has exceeded RMB 12 billion ($1.64 billion). In terms of products, Unitree’s quadruped robots are primarily targeted at consumer markets, while its humanoid robots are geared towards developers.