Unitree Robotics, a highly anticipated domestic humanoid robot manufacturer, has recently disclosed its profitability for the first time. On March 26th, Zhao Nan, the founder of SevenUp Capital and an early investor in Unitree Robotics, revealed that the company has been profitable every year since 2020. This information has been confirmed by sources close to Unitree Robotics.
Image Source Note: Image generated by AI, licensed by Midjourney
Since its establishment in 2016, Unitree Robotics has shown strong growth and completed nine rounds of financing. The most recent round, a Series C financing of hundreds of millions of RMB, was completed in September 2024. This round was jointly led by the Beijing Robot Industry Investment Fund and several other institutions, with participation from well-known investors including Meituan Dragon Ball, Zhongguancun Science City, Amber Capital, Shanghai Science and Technology Innovation Fund, Sequoia China, CITIC Securities, and Xiangfeng Investment China Fund.
In the early stages of humanoid robot R&D and commercialization, Unitree Robotics' ability to achieve and maintain profitability is remarkable. This undoubtedly injects stronger confidence into its future development and sets a positive example for the domestic robotics industry.