Chinese embodied intelligence firm Spirit AI has raised almost 2 billion yuan ($290.5 million) in its two latest funding rounds, bringing the company’s valuation to above 10 billion yuan (close to $1.5 billion) just over two years after its inception.
Its latest fundraising round, announced on Tuesday, comes amid sustained investor enthusiasm and massive capital inflows into China’s embodied intelligence industry, where emerging players in the country are integrating artificial intelligence (AI) into various robots to interact with the physical world and handle complicated tasks.
The firm completed a JD.com-led, near-600-million-yuan ($87.2 million) Series Pre-A+ round in July 2025. The two new funding rounds saw Spirit AI attract a diverse group of investors, including YF Capital, HongShan Capital Group (HSG), and Chaos Investments.
Corporate venture capital arms, such as Synstellation Capital and TCL Technology’s TCL Fund, alongside state-backed entities like the Chongqing Industrial Investment Fund-of-Funds (FOF), also participated in the round.
The new rounds also received continued support from existing shareholders, including Shunwei Capital, Prosperity7 Ventures, Fortune Capital, Fibonacci VC, HighLight Capital, and GF Xinde Investment Management, to name a few.
Beijing-based Spirit AI was founded in January 2024 by ex-Rokae Robotics CTO Han Fengtao and Gao Yang, an assistant professor at China’s Tsinghua University, to develop the “brains” for intelligent robots.
In January, the startup open-sourced its Spirit v1.5 model, an embodied intelligence foundation model with a unified Vision-Language-Action (VLA) architecture that integrates perception, reasoning, and action into an end-to-end system. Unlike models developed upon established modular approaches, its Spirit v1.5 model is said to have the capability to perform complicated tasks without relying on highly curated, scripted demonstrations.
Another key product of Spirit AI is its Moz humanoid robot, which was introduced in June 2025 to target logistics and industrial applications. Its Moz humanoid robots already began operations at a production base run by battery giant Contemporary Amperex Technology Co., Ltd. (CALT) in central China in December 2025.
The latest financing will allow Spirit AI to invest further in its development of embodied intelligence foundation models and real-world data systems, as it aims to contribute more to the growth of the embodied intelligence ecosystem. The team is of the view that “embodied intelligence will become a core infrastructure in the next decade” when machines can “truly understand the physical world.”
Spirit AI is the latest player in China’s embodied intelligence industry to pocket a sizeable investment. This deal joins at least six Chinese startups in this field that have secured new financing of over $100 million in February 2026 alone, according to DealStreetAsia Research and Analytics.
Among the megadeals are LimX Dynamics’ $200-million Series B round, X-Humanoid’s initial financing of over 700 million yuan ($101.7 million), Galaxea AI’s 1-billion-yuan ($145.3 million) Series B round, a Series B financing of nearly 1.5 billion yuan ($217.9 million) in Linkerbot, and AI² Robotics’ billion-yuan Series B round.
Data from the government-owned China Academy of Information and Communications Technology suggest that embodied intelligence in China recorded more than 73.5 billion yuan ($10.7 billion) of financing across 740 deals throughout 2025.
