Galaxy General, Songyan Power Announce Large-Scale Financing on the Same Day: "Big Fund" Enters the Market, Embodied Intelligence Secures Over 20 Billion Yuan in Early 2024

The afterglow of the Year of the Horse Spring Festival Gala has yet to fade, and the embodied intelligence sector has already sparked a wave of capital investment.

On March 2nd, two robot companies that appeared on the Spring Festival Gala stage announced their funding progress—Songyan Power announced nearly 1 billion yuan in Series B funding, and Galaxy General announced a new round of 2.5 billion yuan. Additionally, UniX AI also announced nearly 300 million yuan in a new round of equity financing.

All three companies announced funding on the same day, totaling nearly 3.8 billion yuan, marking another milestone in the early-year funding boom in China’s embodied intelligence sector.

According to IT Juzi, since the beginning of 2026, a total of 88 funding events have been publicly disclosed in China’s embodied intelligence field, with over 20 billion yuan raised. This is equivalent to an average of about 1.4 funding events per day. In just the first two months of the year, funding in this sector has shown a “raging” trend.

The Largest Single Investment in Embodied Intelligence

On March 2nd, Galaxy General announced the completion of a 2.5 billion yuan new round of financing, once again setting a record for the largest single round of funding in China’s embodied intelligence industry.

Investors include the National Artificial Intelligence Industry Fund (the third phase of the National Big Fund), Sinopec, CITIC Group Investment Holding, Bank of China, SAIC Group Financial Holdings, SMIC Juyuan, Yizhuang State Investment, Future Industry Investment, Kunpeng Fund, Wuxi Venture Capital, Fujian Industry Investment, among others. Many longstanding shareholders continued to increase their investments.

One focus of public attention was the involvement of the “national team”—the National Big Fund made its first investment in an embodied intelligence company, with super state-owned enterprises like Sinopec and Bank of China also participating.

According to Tianyancha, prior to this round, Galaxy General had completed five rounds of financing: seed, angel, Series A, Series B, and B+ rounds.

The previous round was announced on December 19, 2025, over two months ago, when Galaxy General completed a financing of over $300 million (about 2.1 billion yuan), led by China Mobile Chain Long Fund, with co-investments from CICC Capital, CAS Fund, CCTV Media Fund, and others. At that time, this broke the record for the largest single round of funding in China’s embodied intelligence industry, and Galaxy General was valued at over $3 billion, making it the highest-valued domestic embodied intelligence company.

Galaxy General stated that after this round of financing, its total funding amount remains the highest in China’s embodied intelligence sector, further consolidating its leading position as the highest-valued unlisted humanoid robot company.

It is understood that Galaxy General has built an ecosystem of robot services across retail, industrial, medical, cultural tourism, and other fields, relying on its independently developed embodied large model system and humanoid robot platform, making it one of the most capable companies in the sector for real-world deployment.

In the industrial field, Galaxy General launched the heavy-duty industrial robot Galbot S1, with a maximum load capacity of 50 kilograms, capable of stable operation in complex conditions such as dust, vibration, and temperature differences. It has already gained deep cooperation with clients including CATL, Bosch Germany, Toyota, BAIC Group, and SAIC Group, with thousands of units ordered.

On the same day, another hot company in the embodied intelligence industry, Songyan Power, announced nearly 1 billion yuan in Series B funding, led by Morning Dawn Capital, an industrial investment platform affiliated with CATL. Well-known institutions such as Guoke Investment, Jingguo Sheng Fund, and Jiuhesh Chuangtou also participated. Songyan Power has completed nine rounds of financing to date.

In terms of products, Songyan Power has developed a humanoid robot matrix covering diverse needs, including the N series, E series, and “Xiaobu Mi,” with “Xiaobu Mi” positioned as the “first high-performance humanoid robot priced at ten thousand yuan.”

Additionally, UniX AI, a general embodied intelligent robot company, announced recently that it completed nearly 300 million yuan in a new round of equity financing, with China International Capital Corporation, Hongshan Capital, Guangzhou Industry Investment, and Xeno Investment participating. Existing shareholders Wuzhong Capital and Yonghua Investment continued to invest heavily.

The just-concluded Year of the Horse Spring Festival Gala has become an “amplifier” for the rising popularity of the embodied intelligence industry. During the show, Galaxy General robots autonomously completed tasks such as nut cracking, picking up glass shards, shelf retrieval, clothing folding, and sausage threading alongside Shen Teng and Ma Li. According to official sources, all these operations were decided and executed in real-time by Galaxy’s star brain, without pre-set programming. Products from Songyan Power, including N2, E1, Xiaobu Mi, and biomimetic humanoids, also appeared on stage with actress Cai Ming, demonstrating high-dynamic actions like running, backflips, and side flips.

“After the Spring Festival Gala, we saw a significant increase in searches and add-to-cart actions for our robots on e-commerce platforms. Within 24 hours of the broadcast, the number of added items exceeded 300,” said Zhao Yuli, Chief Strategy Officer of Galaxy General, to Times Finance. “Since the start of operations, we’ve clearly felt that the market’s discussion about robots is more intense than last year, and B2B clients’ demands are more focused and specific. Some new business opportunities have come to us proactively, and some clients who had previously contacted us have re-engaged after the holiday to inquire about robot capabilities in specific scenarios.”

Furthermore, Galaxy General’s layout in retail scenarios has attracted capital attention. Currently, the “Galaxy Space Cabin” convenience stores have been established in over 100 locations across more than 20 cities nationwide, achieving the world’s first large-scale autonomous operation of hundreds of robots. “The company plans to accelerate expansion in 2026, deploying more space cabins at city landmarks and popular attractions, moving toward the ‘hundred cities, thousand stores’ strategic goal after completing the ‘ten cities, hundred stores’ plan,” Zhao added.

The “Spring Festival Gala effect” has also benefited Songyan Power. “After the Gala, Songyan Power’s brand awareness has significantly increased. The most direct feeling is a sharp rise in inquiries,” a relevant person from Songyan Power told Times Finance.

Early-Year Funding Surge

The funding announcements by these three companies on the same day are just a glimpse of the capital frenzy in the embodied intelligence sector at the start of 2026.

According to IT Juzi, since the beginning of 2026, 88 funding events have been publicly disclosed in China’s embodied intelligence sector, with 9 exceeding 1 billion yuan, involving 80 companies. These include over 1 billion yuan Series B rounds for Zhihui Ping, nearly 1 billion yuan Series B for Xinghai Tu, 200 million yuan Series B for Zhi Ju Dongli, and several others that have raised hundreds of millions after completing initial funding rounds.

A clear trend is that around the Spring Festival, the embodied intelligence sector experienced a concentrated burst of funding, especially after humanoid robots appeared on the Spring Festival Gala stage, with capital increasingly focusing on leading companies.

Times Finance notes that, under this funding wave, several companies in the sector have achieved valuations exceeding 100 billion yuan. These include Zhihui Ping, Xinghai Tu, Lingxin Qiaoshou, Qianxun Intelligent, Shenji Technology, as well as unicorns like Yushu Technology, Zhiyuan Robot, and Galaxy General. At least eight domestic embodied intelligence companies now boast valuations over 100 billion yuan.

However, industry insiders emphasize that capital support is merely an “accelerator” in the competition. The real competition involves three core dimensions: supply chain integration, scene deployment capability, and cost control.

“2026 will be a critical year for robots to enter large-scale commercial applications. Companies must precisely address actual user pain points rather than creating false demand,” said Zheng Suibing, founder and CEO of Ruilman Intelligent Technology, a platform for system-level infrastructure in embodied intelligence. “Currently, the industry’s standards are shifting from ‘showing off skills’ to ‘getting the job done,’ from ‘capability ceiling’ to ‘capability floor.’ In the long run, the industry will likely bifurcate into a ‘20/80’ pattern, with resources rapidly concentrating on leading companies. For many startups, finding a differentiated niche for survival is essential.”

Looking ahead, the robot performances at the 2026 Spring Festival Gala have elevated public expectations and attracted unprecedented capital attention. However, it is worth pondering that there appears to be a significant “scissors gap” between the industry’s valuation levels and the current actual shipment scale.

“This ‘scissors gap’ precisely depicts the industry’s current critical stage: on one side, the spotlight and immense enthusiasm based on future imagination; on the other, the reality of delivery and value in workshops. From ‘show’ to ‘battle,’ the fundamental evaluation system has already shifted. Applause belongs to spectacular performances, but orders belong to those who can solve real problems,” Zheng said.

Huajin Securities’ research report states that bringing robot work onto the stage at the Spring Festival Gala signifies that robots are officially moving from performance and scientific research into mass production and real-world deployment, accelerating commercialization. The Gala has once again broken the industry’s circle, but the true determinants of future industry development will be in real deployment scenarios such as shopping malls, factories, and office buildings. When robots begin to undertake actual work, the evaluation system will also change. Parameters and actions will no longer be the sole standards; continuous operation ability, deployment efficiency, and measurable output will become core indicators.

Compared to the current hot primary market, the secondary market performance remains relatively subdued. According to Wind data, the Robot Index (884126) did not rise as expected on the first trading day after the holiday (February 24), but instead opened high and then declined. As of the close on March 2nd, the index fell 2.61%, with a total decline of 1.52% since February 24th.

(Source: Times Finance)