Watch list  ›  Unitree Robotics

Unitree Robotics宇树科技

Private Humanoid robots Private / pre-IPO
Status
Private / pre-IPO
Watch list category
PAI exposure
100%
Estimated
Funding stage
Pre-IPO
$268M raised
HQ
Hangzhou
Founded 2016
Revenue
$237M
via IT Zhijia · 2026-06-01
Valuationrumored
$8.4B · priced round
via TMTPost · 2026-08-31

About

Global leader in both quadruped and humanoid robots. Founded in 2016 by Wang Xingxing (王兴兴), who built the world's first external-rotor brushless motor small quadruped (XDog) during his master's at Shanghai University. Unitree was the first company worldwide to achieve commercial sales and industry deployment of high-performance electric-drive quadruped robots. Known for extreme cost optimization through full-stack self-research (motors, reducers, dexterous hands, LiDAR, sensors all developed in-house). Revenue grew from ¥121M (2022) to ¥1.17B (Jan-Sep 2025), with net profit of ¥431M — one of very few profitable robot companies globally. Humanoid shipments reached 5,500+ units in 2025 (global #1). Quadruped cumulative sales exceed 30,000 units. Filed for IPO on Shanghai STAR Market in March 2026. Core AI models include UnifoLM-WMA-0 (world model), UnifoLM-VLA-0 (VLA model), and UnifoLM-X1-0 (industrial deployment). Holds 262 patents (169 domestic, 93 overseas). R&D team of 175 people (36.5% of 480 total employees). Products performed at CCTV Spring Festival Gala in 2021, 2025, and 2026.

Hangzhou, Zhejiang · Founded 2016 · Company website

Why on the watch list

Most prominent China humanoid maker outside UBTECH. Pending IPO (reported 002178.SH target). Inclusion on listing.

Key Physical AI activities

  • H2 · Full-size humanoid · 2025182cm, 70kg, 31 DoF. Full-size general-purpose humanoid with near-human proportions. Performed kung fu at 2026 Spring Festival Gala. Released Oct 2025.
  • H1 · Full-size humanoid · 2023180cm, 47kg, max speed 5m/s. First Chinese full-size running humanoid. World's first humanoid backflip (Mar 2024). Ran 1500m in 6:34. Won multiple World Robot Games golds.
  • G1 · Mid-size humanoid · 2024132cm, 35kg, 6 DoF/leg, 5-7 DoF/arm, 6-20 DoF dexterous hands. World's best-selling humanoid 2024-2025. Starting ~99K RMB ($16K). EDU version supports 2nd development.
  • G1-D · Wheeled humanoid · 2025168cm, 50kg, 17 DoF total, wheeled base for factory deployment. Supports mainstream open-source robot model frameworks.
  • R1 · Small humanoid · 2025123cm, 25kg. Lightweight consumer/developer humanoid at 39.9K RMB. Can run, box, handstand, tumble. Named TIME Best Invention 2025.
  • B2 / B2-W · Industrial quadruped · 2023B2: 60kg, 40kg payload, IP68, 5hr battery. B2-W: wheeled variant, 85kg, 25km range with 40kg load. Used in power/petrochemical/fire inspection.
  • A2 · Industrial quadruped · 202537kg, 25kg payload, 5m/s max speed, 1m obstacle climb, IP67, 5hr battery, hot-swap dual battery. For logistics, inspection, rescue.
  • Go2 / Go2-w · Consumer quadruped · 202315-18kg, voice interaction, obstacle avoidance. Go2 from 9,997 RMB — first sub-10K RMB quadruped. Sold via JD, Tmall, Amazon, Shopify.
  • Dex5-1 · Dexterous hand · 2024Five-finger hand, 20 DoF, 94 tactile sensors per hand, 1kg weight, +/-1mm fingertip precision, 4.5kg max payload.
  • Dex3-1 · Dexterous hand · 2024Three-finger hand, 7 DoF, 33 tactile sensors per hand, 710g. +/-2mm precision.
  • L1 / L2 · LiDAR sensor · 2023Omnidirectional wide-angle bionic LiDAR. L2: 128K points/sec, 360x96 deg FoV, 4.5mm resolution. Open-source SLAM.
  • Z1 · Robotic arm · 20216-axis collaborative arm, 4.5kg weight, 3kg payload, 740mm reach. Mounts on mobile robots.
  • UnifoLM Models · AI/Software · 2025UnifoLM-WMA-0 (world model), UnifoLM-VLA-0 (VLA model) — both open-sourced. UnifoLM-X1-0 industrial model deployed in own factory for motor assembly.
  • R1 humanoid robot · humanoid
  • R1 · humanoid
  • As2-W · wheeled-legged robot
  • Unitree (Chinese: Unitree) pushes forward with aggressive pricing for its humanoid robots, overriding CEO Wang Xingxing's quiet dissuasion. · humanoid

Key partnerships

  • Nvidia — Nvidia and Unitree (Chinese: 宇树科技) launch a humanoid robot reference design at GTC Taipei.
  • Nvidia — Nvidia partners with Unitree (Chinese: 宇树科技) on a reference humanoid robot design at Computex 2026.
  • Nvidia — Unitree (Chinese: 宇树科技) partners with Nvidia and invests 2 billion RMB in R&D to close its AI software gap.

Key investors

  • Meituan (美团)
  • HGC Capital (红杉中国, fka Sequoia China)
  • Matrix Partners China (经纬创投)
  • Shunwei Capital (顺为资本)
  • CITIC PE (中信金石)
  • Tencent
  • China Mobile
  • Photosynthesis Ventures (光合创投)
  • Shenzhen Capital Group (深创投)
  • Vertex Ventures (祥峰投资)

Milestones

  • 2016-08—Company founded in Hangzhou by Wang Xingxing
  • 2017—First commercial product Laikago quadruped robot shipped
  • 2020—A1 quadruped — first to bring price to consumer level
  • 2021—Go1 launched at 16K RMB; appeared at CCTV Spring Festival Gala
  • 2022—B1 industrial quadruped deployed in power/chemical inspection
  • 2023—Go2 at 9,997 RMB — first sub-10K quadruped; appeared at US Super Bowl and Asian Games
  • 2023-08—H1 released — first Chinese full-size running humanoid robot
  • 2024-03—H1 performs world's first full-size humanoid backflip
  • 2024-05—G1 released at ~99K RMB — global price floor for humanoids; became world's best-selling humanoid
  • 2024-12—Annual revenue 387M RMB; cumulative quadruped sales >20K units
  • 2025-01—16 H1 robots performed at 2025 CCTV Spring Festival Gala (all-AI driven collective dance)
  • 2025-03—Unitree opened official store on Alibaba AliExpress and launched multiple products
  • 2025-07—R1 released at 39.9K RMB — named TIME Best Invention 2025
  • 2025-08—Won 11 medals (most golds) at inaugural World Humanoid Robot Games
  • 2025-09—Revenue 1.17B RMB (9 months), net profit 431M RMB; 480 employees

Competitive position

IPO PROSPECTUS DATA (March 2026): Revenue — ¥121M (2022), ¥157M (2023), ¥387M (2024), ¥1.17B (Jan-Sep 2025). Net profit (post-deductions): ¥431M (Jan-Sep 2025). R&D spend: ¥30M (2022), ¥50M (2023), ¥70M (2024), ¥90M (Jan-Sep 2025). Employees: 480 (175 R&D). Patents: 262 (20 invention, 76 utility, 73 design). Humanoid sales: 5 (2023), 410 (2024), 3,551 (Jan-Sep 2025), 5,500+ (full 2025) — global #1. Quadruped sales: 2,403 (2022), 3,121 (2023), 7,136 (2024), 17,946 (Jan-Sep 2025). Avg humanoid price: ¥593K (2023) → ¥261K (2024) → ¥168K (Jan-Sep 2025). Sales channels: 86.5% offline (50% direct, 36% dealers), 13.5% online (Amazon, Shopify, Tmall, JD). Key enterprise clients include State Grid, Sinopec, PetroChina, Baowu Steel. G1 was the world's best-selling humanoid robot in 2024-2025. R1 named TIME's Best Invention of 2025. Won 11 medals (most golds) at inaugural World Humanoid Robot Games (Aug 2025). First humanoid to complete backflip (H1, Mar 2024) and side flip (G1, Mar 2025). H1 ran 1500m in 6:34. UnifoLM-X1-0 industrial AI model deployed in own factory for motor assembly tasks. Core tech team: Wang Xingxing (CTO, 130+ patents), Yang Zhiyu (mechanical, 30+ patents), Zhang Yangguang (algorithms, 10+ patents). Added to US DoD 1260H list. IPO via CITIC Securities on Shanghai STAR Market.

Recent activity

Aug 11, 2026
D

IPO Wave of Chinese Robotics Companies: After Unitree (Chinese: 宇树科技), How to Price?

Unitree (Chinese: 宇树科技)'s 61 billion yuan valuation sets a benchmark for the upcoming IPO wave of Chinese robotics companies.

TMTPost (钛媒体)
Aug 11, 2026
$

Wang Xing Bets Big on Wang Xingxing — How Big Is This Chess Move?

Meituan CEO Wang Xing makes a heavy strategic investment in Unitree (Chinese: 宇树科技) founder Wang Xingxing, signaling major robotics play.

TMTPost (钛媒体)
Aug 10, 2026
D

Unitree (Chinese: 宇树科技) Technology STAR Board IPO Subscription Hot, Allocation Rate Only 0.018%, First-Day Profit May Exceed 200,000 RMB

Unitree (Chinese: Unitree) saw its STAR Board IPO heavily oversubscribed, with a 0.018% allocation rate and projected first-day profit over 200,000 RMB.

WallStreetCN (华尔街见闻)
Aug 10, 2026
D

Unitree (Chinese: 宇树科技) Technology Starts IPO Subscription Today, Final Online Win Rate Around 0.0181%

Unitree (Chinese: 宇树科技) launched its IPO subscription on the STAR Market with a final online lottery rate of 0.0181%.

IT Zhijia (IT之家)
Aug 10, 2026
Q

Wang Xingxing's low-key dissuasion cannot stop Unitree (Chinese: 宇树科技)'s crazy pricing

Unitree (Chinese: 宇树科技)'s aggressive pricing strategy contradicts founder Wang Xingxing's earlier advice to avoid the humanoid robot race.

TMTPost (钛媒体)
Aug 10, 2026
Q

Plant a 'Unitree (Chinese: 宇树科技)', the best time is 2016

Unitree (Chinese: Unitree) traces its Horizon Robotics (Chinese: 地平线) from 2016 founding to current prominence in humanoid robotics, analyzing industry dynamics.

TMTPost (钛媒体)
Aug 9, 2026
$

Unitree (Chinese: 宇树科技)'s IPO Wealth Feast: 171 Employees Become Millionaires, Meituan and Sequoia Are the Biggest Winners

Unitree (Chinese: Unitree) is preparing for an IPO with a valuation of 61 billion RMB, creating significant wealth for 171 employees and major investors like Meituan and Sequoia.

TMTPost (钛媒体) + 2 more
Aug 9, 2026
D

Unitree (Chinese: 宇树科技) Technology IPO Subscription Starts Tomorrow: How Much Can You Earn per Lot?

Unitree (Chinese: Unitree) starts its IPO subscription on August 10 at 150.80 yuan per share, with DeepSeek (Chinese: DeepSeek)'s parent as a strategic investor.

WallStreetCN (华尔街见闻) + 1 more
Aug 8, 2026
I

Three Hours: Wang Xingxing and Unitree (Chinese: 宇树科技) Strive to Answer Everything

Unitree (Chinese: 宇树科技) founder Wang Xingxing held a three-hour session answering questions tied to the embodied IPO trend.

TMTPost (钛媒体)
Aug 8, 2026
Q

After 61-Billion-Yuan Valuation, How Many Robots Must Unitree (Chinese: 宇树科技) Sell?

Unitree (Chinese: 宇树科技) faces questions about whether selling humanoid robots can justify its 61-billion-yuan valuation or if a service model is needed.

TMTPost (钛媒体)
For deeper company-level data including funding history, full timeline, and recent news, see this company's profile in our Humanoid Robotics Tracker.

Disclaimer

This profile is part of the China Physical AI Index — a public information product published by Tech Buzz China for informational and educational purposes only. It is not investment advice and is not a recommendation regarding Unitree Robotics or any other security. Company data is based on public filings and TBC research; revenue-exposure estimates are point-in-time and subject to update. See the full methodology §11 and disclaimer page.