Hangzhou-based Unitree Robotics, a rising star in China’s booming robotics industry, has increased its registered capital from 2.6 million yuan to 2.9 million yuan (US$400,000), a move that could signal preparations for a new fundraising round.
While Unitree has not yet formally disclosed any listing plans, Chinese digital media outlet Sohu Tech reported this month, citing sources, that the start-up could be valued between 10 billion yuan and 15 billion yuan in a pre-IPO financing round.
The confirmed capital base increase is likely a preliminary step towards such a larger funding round. Unitree’s last financing round in September attracted significant investment from entities like Beijing Robotics Industry Development Investment Fund, Meituan, and HongShan, valuing the company at 8 billion yuan at that time.
Unitree is recognised as one of Hangzhou’s Six Little Dragons, alongside China’s artificial intelligence start-up DeepSeek.
During a visit by Hong Kong Chief Executive John Lee Ka-chiu to Hangzhou in April, founder Wang indicated that a listing in Hong Kong was a possibility and that Unitree was actively expanding into the global market and had established a business base in the city.
