Chinese EV maker Xpeng’s robotics company raises $100 million


XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics.

Qilai Shen | Bloomberg | Getty Images

XPeng Robotics, the affiliate company of Chinese electric carmaker XPeng, on Tuesday said it raised $100 million as part of its aim to commercialize household robotics in the next two years.

The financing was led by high-profile venture capital firm IDG Capital, with XPeng also participating.

XPeng Robotics said in a press release that the money would be used to strengthen its research and development investment in robotic hardware and software, recruit talent, accelerate product development and boost…


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