Chinese robotics start-up Unitree is said to be worth 7 billion dollars
The Chinese manufacturer of humanoid robots Unitree wants to go public. The company values itself at 7 billion dollars.
Unitree's IPO should not be a leap in the dark. Preparations are underway.
(Image: Unitree Robotics/Screenshot)
Unitree Robotics, one of the global market leaders in humanoid robots, is planning to go public. The robotics company is aiming for a valuation of 7 billion US dollars. This would also be the largest IPO of a Chinese tech company in recent years.
Listed companies specializing in humanoid robots are still in short supply. Unitree, based in Zhejiang, China, could be one of the first robotics companies to succeed. Preparations have already been underway for weeks. The company is systematically pushing ahead with its IPO. Applications could be submitted in the fourth quarter of 2025.
However, it is still unclear how much Unitree intends to raise in the planned IPO. Unitree is at least not holding back when it comes to valuing its own company. The company estimates its value at 7 billion US dollars. In the last financing round in June, the value was significantly lower at 1.3 billion US dollars. However, this has changed with the support of major investors such as Geely, Alibaba, and Tencent.
However, the income generated by Unitree is not yet quite as lavish. Although the company has been profitable since 2020, its total turnover to date is only 140.35 million dollars. Not a lot for a company that values itself at 7 billion US dollars.
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Support from the Chinese government
Unitree is also receiving support from the Chinese government, which is currently providing massive funding for robotics and AI start-ups. It remains unclear how much this support is in the case of Unitree. What is clear, however, is that China is aiming to become the market leader in humanoid robots and to produce humanoid robots on a large scale. Apparently, China wants to take the wind out of the sails of Western robotics companies at an early stage and build masses of humanoid robots for industrial use.
Unitree also plays a role in this. Their humanoid robots, such as the G1 and H1, are already being used in industry, mainly on a trial basis. Manufacturers of electric cars, such as BYD and Geely, use the robots in production. The robots are also comparatively inexpensive. They start at 16,000 US dollars for a G1. In this respect, Unitree's IPO plays into the hands of China's ambition to become the global leader in the production of humanoid robots.
(olb)
