Deep Robotics Takes Major Steps Towards IPO in the Mainland Market

Deep Robotics, a robotics company based in Hangzhou known for its innovative quadruped and humanoid robots, is making headlines by officially starting the process for a mainland stock market listing. This marks a significant development as more Chinese startups are rushing to enter capital markets as the year draws to a close.

IPO Guidance Phase

According to announcements from the China Securities Regulatory Commission, Deep Robotics has entered the “guidance” phase for its initial public offering (IPO). The company aims to complete its preliminary preparations by June next year, indicating a well-planned approach to its market entry.

This move positions Deep Robotics as the second company within the “embodied intelligence” sector, following Unitree Robotics, to initiate the A-share IPO guidance. Additionally, it becomes the third firm among the so-called Hangzhou “six little dragons,” a collective of notable local tech companies, to move towards a public listing. Manycore Tech and Unitree Robotics have previously paved the way, with Unitree finishing its IPO guidance on November 10, after a four-month process.

Building Momentum for Growth

As Deep Robotics approaches its listing, the company is gaining traction in preparation. Recently, it secured funding exceeding 500 million yuan (approximately US$69 million). This investment is expected to bolster advancements in essential embodied intelligence technologies and support the broader industrial adoption of its robotic innovations.

Notably, key strategic investments in this funding round included backing from funds associated with major state-owned telecommunications companies, China Telecom and China Unicom. This support reflects the growing interest in robotics within traditional sectors and signals a robust foundation for the company’s future endeavors.

Conclusion

Deep Robotics is on an exciting path toward its IPO, reflecting the increasing momentum of Chinese tech startups in the capital markets. As the company prepares for its public listing, the backing from strategic investors underscores its potential for growth in the robotics industry.