Robotics Startups Rush Into Investing, "Fundraise-and-Invest" Model Sparks Debate

Some startups that are not yet profitable and only two or three years old have tens of billions of yuan in funding sitting in their accounts, while continuing to raise money and invest externally at the same time. This phenomenon is becoming increasingly common in today's primary market. Recently, embodied AI supply-chain companies Juexie Intelligence and Moxian Technology simultaneously announced they had completed funding rounds, and among the investors of both companies appeared an embodied AI unicorn valued at over 10 billion yuan. A reporter's review found that this "raise with the left hand, invest with the right" pattern among startups is concentrated mainly in embodied AI, large models, and AI chips, and is especially pronounced in the robotics sector, having extended from a few leading companies to many more. So far this year, more than ten companies, including AgiBot, Songyan Power, and Galbot, have also joined in as investors. (Securities Times)