Embodied AI Startup Light Elephant Technology Raises Angel Funding of Several Hundred Million Yuan

Embodied intelligence company Light Elephant Technology said it has completed cumulative angel-round financing totaling several hundred million yuan, with the latest round backed by Zhuhai Technology Industry Group, Industrial Securities Capital, Shenzhen Capital Group (SCGC), Shunxi Fund, Muhua Sci-Tech Innovation, SeeFund, Yichen Capital and listed firm Xingyun Technology, while existing investors 01VC and L2F Photon Entrepreneurs Fund increased their stakes, according to 36Kr. The company said the proceeds will be used to iterate its physics-native foundation model and to commercialize embodied AI robots for industrial scenarios. Founded in April 2025 and incubated by Tsinghua University, the startup in June 2026 launched its industrial embodied robot Phi-Bot X1. It said the robot has 27 degrees of freedom, supports 1-minute battery swapping, and has been validated on automotive production lines; at the 2026 ATC show it ran for 21.5 hours over three days with zero errors or interruptions. The company said it has reached commercial cooperation with multiple leading automakers in China and overseas.